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Changes in Nokia Corporation's own shares

Nokia Corporation.
Stock exchange release.
October 21, 2009 at 09:30 am (CET +1).

Espoo, Finland - Based on previously announced decisions of the Board of Directors to issue shares held by the Company, 686 693 Nokia shares (NOK1V) held by the Company are today transferred to approximately 200 participants of Nokia's equity-based incentive plans as settlement in accordance with the plan rules. The majority of the shares are delivered under the Nokia Restricted Share Plan 2006.

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