Exercises With Stock Options Of Nokia Corporation

Espoo, Finland, Mar 4, 2008 - (ABN Newswire) - Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------



Espoo, Finland - A total of 804 655 shares of Nokia Corporation ("Nokia") were subscribed for between 12.2.2008 - 29.2.2008 based on Nokia's 2003 and 2005 employee stock option plans. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

The new shares will be recorded in the Trade Register on or about May 14, 2008. The new shares carry full shareholder rights as from the registration date. The shares are admitted to public trading on the Helsinki Exchanges as of the registration date together with the old Nokia share class (NOK1V).

Media Enquiries:

Nokia Communications Tel- +358 7180 34900 Email: press.services@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;

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NOKIA

http://www.nokia.fi/

ISIN: FI0009000681

Stock Identifier: XHEL.NOK

US: NYSE:NOK