Ad hoc: NOKIA: Exercises with stock options of Nokia Corporation

28 september 2007 Espoo, Finland - A total of 846 510 shares of Nokia Corporation ("Nokia") were subscribed for between 4.9.2007 - 24.9.2007 based on Nokia's 2001, 2003 and 2005 employee stock option plans. The total amount of subscription prices, EUR 12 538 844.25, is recorded in the fund for invested non-restricted equity. The new shares carry full shareholder rights as from the registration date September 28, 2007. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V). After the registration, the total number of shares is 3 935 542 025 including the shares held by the company. Media Enquiries: Nokia Communications Tel: +358 7180 34900 E-mail: press.office@nokia.com www.nokia.com --- End of Message --- NOKIA WKN: 870737; ISIN: FI0009000681; Listed: General Standard in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart, Amtlicher Markt in Frankfurter Wertpapierbörse;