SHARE REPURCHASES 05/05/2008


Nokia Corporation                         ANNOUNCEMENT         05/05/2008  
                                                                           
SHARE REPURCHASES                         05/05/2008          
                                                                           
In the Helsinki Stock Exchange          
                                                                           
Trade date                                05/05/2008          
Bourse trade                              Buy                 
Share                                     NOK1V               
Amount                                    2.650.000 shares      
Total cost                                50.600.425,00 EUR         
Average price / share                     19,0945 EUR         
Highest price / share                     19,31 EUR         
Lowest price / share                      18,97 EUR         
                                                              
Nokia Corporation now holds               33.887.298 shares      
including the shares repurchased on       05/05/2008          
                                                                           
On behalf of Nokia Corporation          
                                                                           
Deutsche Bank AG                        
                                                                           
                                                                           
Juha Pomell                               Carl Hemmestad