Changes in Nokia Corporation's own shares

Nokia Corporation Stock exchange release February 23, 2011 at 12.00 (CET +1) Espoo, Finland - Based on previously announced decisions of the Board of Directors to issue shares held by the Company, 898 975 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 At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them. Every day, more than 1.3 billion people connect to one another with a Nokia device - from mobile phones to advanced smartphones and high-performance mobile computers. Today, Nokia is integrating its devices with innovative services through Ovi (www.ovi.com), including music, maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation services, while Nokia Siemens Networks provides equipment, services and solutions for communications networks globally. Media Enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.services@nokia.com www.nokia.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NOKIA via Thomson Reuters ONE [HUG#1491621]

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