Exercises With Stock Options Of Nokia Corporation

Espoo, Finland, Dec 14, 2007 - (Hugin via ABN Newswire) - A total of 2 005 285 shares of Nokia Corporation ("Nokia") were subscribed for between 30.10.2007 - 10.12.2007 based on Nokia's 2001, 2003 and 2005 employee stock option plans. The total amount of subscription prices, EUR 30 231 078.44, is recorded in the fund for invested non-restricted equity. The new shares carry full shareholder rights as from the registration date December 14, 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).

After the registration, the total number of shares is 3 938 939 713 including the shares held by the company.

Media Enquiries:

Nokia Communications Tel. +358 7180 34900 Email: press.office@nokia.com

www.nokia.com

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NOKIA P.O. Box 226
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;

Copyright © Hugin ASA 2007. All rights reserved.

NOKIA

http://www.nokia.fi/

ISIN: FI0009000681

Stock Identifier: XHEL.NOK

US: NYSE:NOK