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

2 november 2007 A total of 1 392 403 shares of Nokia Corporation ("Nokia") were subscribed for between 25.9.2007 - 29.10.2007 based on Nokia's 2001, 2003 and 2005 employee stock option plans. The total amount of subscription prices, EUR 20 699 862.40, is recorded in the fund for invested non-restricted equity. The new shares carry full shareholder rights as from the registration date November 2, 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 3 936 934 428 including the shares held by the company. Media Enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.office@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;