SHARE REPURCHASES 22.7.2008


Nokia Corporation       ANNOUNCEMENT     22.7.2008


SHARE REPURCHASES 22.7.2008

In the Helsinki Stock Exchange

Trade date              22.7.2008
Bourse trade            BUY
Share                   NOK1V
Amount                  1.240.000      shares
Total cost              20.771.241,06  EUR
Average price/ share    16,7510        EUR
Highest price/ share    16,99          EUR
Lowest price/ share     16,56          EUR



Nokia Corporation now holds a total of 92.892.616 shares
including the shares repurchased on 22.7.2008.


On behalf of Nokia Corporation

Nordea Bank Finland Plc

Petri Simberg          Julius Summanen