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Exercises With Stock Options of Nokia Corporation

    ESPOO, Finland, May 14 /PRNewswire-FirstCall/ -- Nokia Corporation
(NYSE: NOK)

    Stock exchange release

    May 14, 2008 at 8.30 (CET+1)

    Based on Nokia's 2003 and 2005 employee stock option plans, 221 819
shares of Nokia Corporation were subscribed for between April 1, 2008 and
May 7, 2008 and between January 2, 2008 and March 31, 2008 2 518 692 shares
as previously announced. 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, May 14, 2008. The shares are admitted to public trading on the OMX
Nordic Exchange Helsinki as of the same date together with the old Nokia
share class (NOK1V).

    After the registration, the total number of shares is 3 800 142 555,
including the shares held by the company.

    http://www.nokia.com



SOURCE Nokia Corporation




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