NOKIA STOCK EXCHANGE ANNOUNCEMENT January 3, 2007 Exercises with stock options of Nokia Corporation A total of 201 461 shares of Nokia Corporation ("Nokia") were subscribed for between 28.11. 27.12. 2006 based on Nokias 2003 and 2005 employee stock option plans. This resulted in an increase of EUR 12 087.66 in Nokias share capital and an increase of EUR 2 785 385.01 in other shareholders equity. The new shares carry full shareholder rights as from the registration date January 3, 2007. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V). As a result of the increase, the share capital of Nokia is currently EUR 245 702 557.14 and the total number of shares is 4 095 042 619 including the shares that are held by the company. Media enquiries: Nokia Communications Tel: +358 (0) 7180 34900 Fax: +358 (0) 7180 38226 Email: press.office@nokia.com www.nokia.com