SHARE REPURCHASES 31.7.2008


Nokia Corporation       ANNOUNCEMENT     31.7.2008


SHARE REPURCHASES 31.7.2008

In the Helsinki Stock Exchange

Trade date              31.7.2008
Bourse trade            BUY
Share                   NOK1V
Amount                  1.510.000      shares
Total cost              26.668.612,44  EUR
Average price/ share    17,6613        EUR
Highest price/ share    17,94          EUR
Lowest price/ share     17,27          EUR



Nokia Corporation now holds a total of 100.992.616 shares
including the shares repurchased on 31.7.2008.


On behalf of Nokia Corporation

Nordea Bank Finland Plc

Petri Simberg          Julius Summanen