Board's resolution to issue shares held by the Company and transfer of shares Espoo, Finland - Based on the authorization to issue shares granted by the Annual General Meeting on May 3, 2007, the Nokia Board of Directors resolved to issue 56 182 Nokia shares held by the Company and to transfer the shares on January 31, 2008 as settlement under the Nokia Auxiliary Performance Share Plan 2006 to the Plan participants. Based on previously announced decisions of the Board of Directors to issue shares held by the Company, 21 158 Nokia shares held by the Company are on January 31, 2008 transferred to Nokia equity plan participants as settlement under the plans. In total 77 340 shares are transferred to the equity plan participants on January 31, 2008. Media Enquiries: Nokia Communications Tel- +358 7180 34900 Email: press.office@nokia.com www.nokia.com