Exercises with stock options of Nokia Corporation


Exercises with stock options of Nokia Corporation                               

Espoo, Finland - A total of 1 297 376 shares of Nokia Corporation ("Nokia") were
subscribed for between 2.1.2008 - 11.2.2008 based on Nokia's 2003 and 2005      
employee stock option plans. The total amount of subscription prices will be    
recorded in the fund for invested non-restricted equity.                        

The new shares will be recorded in the Trade Register on or about May 14, 2008. 
The new shares carry full shareholder rights as from the registration date. The 
shares are admitted to public trading on the Helsinki Exchanges as of the       
registration date together with the old Nokia share class (NOK1V).              

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Email: press.office@nokia.com                                                   
                                                                                
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