SHARE REPURCHASE 31.1.2008


Nokia Corporation               ANNOUNCEMENT 31.1.2008


SHARE REPURCHASE 31.1.2008

In the Helsinki Stock Exchange



Trade date                      31.1.2008
Bourse Trade                    BUY
Share                           NOK1V
Amount                          1.450.000       shares  
Total cost                      34.472.651      EUR
Average price / share           23,7742         EUR
Highest price / share           24,24           EUR
Lowest price / share            23,41           EUR

Nokia Corporation now holds a total of 143.849.913 shares 
including the shares repurchased on 31.1.2008.

On behalf of Nokia Corporation


ABN AMRO Bank N.V., Helsinki Branch


Jari Villenheimo		Ari Kiuru