Exercises with stock options of Nokia Corporation


NOKIA                STOCK EXCHANGE ANNOUNCEMENT January 3, 2007



Exercises with stock options of Nokia Corporation

A total of 201 461 shares of Nokia Corporation ("Nokia") were
subscribed for between 28.11. – 27.12. 2006 based on Nokia’s 2003
and 2005 employee stock option plans. This resulted in an increase
of EUR 12 087.66 in Nokia’s share capital and an increase of 
EUR 2 785 385.01 in other shareholders equity. The new shares 
carry full shareholder rights as from the registration date 
January 3, 2007. The shares are admitted to public trading on 
the Helsinki Exchanges as of the same date together with the 
old Nokia share class (NOK1V).

As a result of the increase, the share capital of Nokia is
currently EUR 245 702 557.14 and the total number of shares 
is 4 095 042 619 including the shares that are held by the company.

Media enquiries:

Nokia
Communications
Tel: +358 (0) 7180 34900
Fax: +358 (0) 7180 38226
Email: press.office@nokia.com

www.nokia.com