NOKIA (HEL:NOK) Exercises With Stock Options Of Nokia Corporation

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Nokia Corporation Stock exchange release October 6, 2008 at 10.00 (CET +1)

Espoo, Finland - Based on Nokia's 2003 and 2005 employee stock option plans, 103 835 shares of Nokia Corporation were subscribed for between August 26, 2008 and September 30, 2008. 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, October 6, 2008. The shares are admitted to public trading on the NASDAQ OMX Helsinki Ltd as of the registration date together with the old Nokia share class (NOK1V).

After the registration, the total number of shares is 3 800 939 349, including the shares held by the company.

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;

NOKIA

http://www.nokia.fi/

ISIN: FI0009000681

Stock Identifier: XHEL.NOK

US: NYSE:NOK