Nokia Corporation ANNOUNCEMENT 23.5.2008 SHARE REPURCHASES 23.5.2008 In the Helsinki Stock Exchange Trade date 23.5.2008 Bourse trade BUY Share NOK1V Amount 2.160.000 shares Total cost 39.574.611,64 EUR Average price/ share 18,3216 EUR Highest price/ share 18,46 EUR Lowest price/ share 18,17 EUR Nokia Corporation now holds a total of 50.317.298 shares including the shares repurchased on 23.05.2008. On behalf of Nokia Corporation Nordea Bank Finland Plc Petri Simberg Julius Summanen