SHARE REPURCHASES 20/12/2007


Nokia Corporation                         ANNOUNCEMENT         20/12/2007  
                                                                           
SHARE REPURCHASES                         20/12/2007          
                                                                           
In the Helsinki Stock Exchange          
                                                                           
Trade date                                20/12/2007          
Bourse trade                              Buy                 
Share                                     NOK1V               
Amount                                    850.000 shares      
Total cost                                21.850.950,00 EUR         
Average price / share                     25,7070 EUR         
Highest price / share                     26,04 EUR         
Lowest price / share                      25,35 EUR         
                                                              
Nokia Corporation now holds               135.897.253 shares      
including the shares repurchased on       20/12/2007          
                                                                           
On behalf of Nokia Corporation          
                                                                           
Deutsche Bank AG                        
                                                                           
                                                                           
Juha Pomell                               Carl Hemmestad