Changes in Nokia Corporation's own shares

Nokia Corporation
Stock exchange release
July 27, 2011 at 14.30 (CET +1)

Espoo, Finland - Based on previously announced decisions of the Board of
Directors to issue shares held by the Company, 18 092 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
Nokia is committed to connecting people to what matters to them by combining
advanced mobile technology with personalized services. More than 1.3 billion
people connect to one another with a Nokia, from our most affordable voice-
optimized mobile phones to advanced Internet-connected smartphones sold in
virtually every market in the world. Through Ovi (www.ovi.com), people also
enjoy access to maps and navigation on mobile, a rapidly expanding applications
store, a growing catalog of digital music, free email and more. Nokia's NAVTEQ
is a leader in comprehensive digital mapping and navigation services, and Nokia
Siemens Networks is one of the leading providers of telecommunications
infrastructure hardware, software and professional services globally.

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www.nokia.com







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