SHARE REPURCHASES 23.7.2008


Nokia Corporation       ANNOUNCEMENT     23.7.2008


SHARE REPURCHASES 23.7.2008

In the Helsinki Stock Exchange

Trade date              23.7.2008
Bourse trade            BUY
Share                   NOK1V
Amount                  1.330.000      shares
Total cost              22.488.136,78  EUR
Average price/ share    16,9084        EUR
Highest price/ share    17,20          EUR
Lowest price/ share     16,60          EUR



Nokia Corporation now holds a total of 94.222.616 shares
including the shares repurchased on 23.7.2008.


On behalf of Nokia Corporation

Nordea Bank Finland Plc

Petri Simberg          Julius Summanen