Changes in Nokia Corporation's own shares

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The issuer is solely responsible for the content of this 
announcement. 
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Nokia Corporation
Stock exchange release
July 23 at 9.30 (CET+1)

Espoo, Finland - Based on previously announced decisions of the Board
of Directors to issue shares held by the Company, 139 902 Nokia
shares (NOK1V) held by the Company are today transferred to
approximately 300 participants of Nokia's equity-based incentive
plans as settlement in accordance with the plan rules. The majority
of the shares are delivered under the 2005 and 2006 Nokia Performance
Share Plans.

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;