Exercises with stock options of Nokia Corporation

Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this 
announcement. 
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Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this 
announcement. 
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Nokia Corporation
Stock exchange release
May 14, 2008 at 8.30 (CET+1)

Espoo, Finland - Based on Nokia's 2003 and 2005 employee stock option
plans, 221 819 shares of Nokia Corporation were subscribed for
between April 1, 2008 and May 7, 2008 and between January 2, 2008 and
March 31, 2008 2 518 692 shares as previously announced. The total
amount of subscription prices will be recorded in the fund for
invested non-restricted equity.

The new shares carry full shareholder rights as from the registration
date, May 14, 2008. The shares are admitted to public trading on the
OMX Nordic Exchange Helsinki as of the same date together with the
old Nokia share class (NOK1V).

After the registration, the total number of shares is 3 800 142 555,
including the shares held by the company.

Media enquiries:

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

www.nokia.com


 
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NOKIA
P.O. Box 226<br>FIN-00045 NOKIA GROUP   Espoo 

WKN: 870737; 
ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50;
Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;