Nokia Corporation ANNOUNCEMENT 16.5.2008 SHARE REPURCHASES 16.5.2008 In the Helsinki Stock Exchange Trade date 16.5.2008 Bourse trade BUY Share NOK1V Amount 2.190.000 shares Total cost 41.055.866,13 EUR Average price/ share 18,7470 EUR Highest price/ share 18,93 EUR Lowest price/ share 18,32 EUR Nokia Corporation now holds a total of 39.687.298 shares including the shares repurchased on 16.05.2008. On behalf of Nokia Corporation Nordea Bank Finland Plc Petri Simberg Julius Summanen