Exercises with stock options of Nokia Corporation

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Nokia Corporation
Stock exchange release
November 28, 2008 at 9.30 (CET +1)

Espoo, Finland - Based on Nokia's 2003 employee stock option plan, 5
813 shares of Nokia Corporation were subscribed for between October
28, 2008 and November 24, 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, November 28, 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 3 800 948 552,
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;