Changes in Nokia Corporation's own shares

Nokia Corporation
Stock exchange release
October 27, 2010 at 12.45 (CET +1)

Espoo, Finland - Based on previously announced decisions of the Board of
Directors to issue shares held by the Company, 206 295 Nokia shares (NOK1V) held
by the Company are today transferred to participants of Nokia's equity-based
incentive plans as settlement in accordance with the plan rules.

About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology
with personalized services that enable people to stay close to what matters to
them. Every day, more than 1.3 billion people connect to one another with a
Nokia device - from mobile phones to advanced smartphones and high-performance
mobile computers. Today, Nokia is integrating its devices with innovative
services through Ovi (www.ovi.com), including music, maps, apps, email and more.
Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation
services, while Nokia Siemens Networks provides equipment, services and
solutions for communications networks globally.

Media Enquiries:

Nokia
Communications
Tel. [phone]
Email: [e-mail]

www.nokia.com



[HUG#1455842]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: NOKIA via Thomson Reuters ONE