EXCHANGE NOTICE 1/2007, 2 JANUARY 2007 SHARES NOKIA CORPORATION: SHARES SUBSCRIBED WITH OPTION RIGHTS A total of 201 461 Nokia Corporation's shares have been subscribed with the Nokia Corporation's 2003 2Q-,3Q- ja 4Q, and 2005 2Q-,3Q- ja 4Q option rights. The shares will be traded on the Helsinki Stock Exchange as old shares as of 3 January 2007. Identifiers of Nokia Corporation's share: Trading code: NOK1V ISIN code: FI0009000681 Orderbook id: 24311 Number of shares: 4 095 042 619 Presuming that the shares have been entered in the Finnish Trade Register on 3 January 2007. Identifiers of Nokia Corporation's new shares 3 January 2007: Trading code: NOK1VM0106 ISIN code: FI0009013734 Orderbook id: 32803 Amount: 163 458 303 HELSINKI STOCK EXCHANGE Gunnar Dannberg Manager, Surveillance Finland