Nokia Oyj — Director's Dealing 2018

May 18, 2018

Disclosure 361978

Nokia - Managers' transactions

Nokia Corporation - Managers' transactions

Nokia Corporation Managers' transactions May 18, 2018 at 13:00 (CET +1) Nokia Corporation - Managers' transactions Transaction notification under Article 19 of EU Market Abuse Regulation. The transaction was done in accordance with the co-investment arrangement relating to Nokia's 2018 Performance Share Plan as announced in connection with the company's interim report for Q1 2018. ____________________________________________ Person subject to the notification requirement Name: Suri, Rajeev Position: Chief Executive Officer Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06 Notification type: INITIAL NOTIFICATION Reference number: 549300A0JPRWG1KI7U06_20180516172918_3 ____________________________________________ Transaction date: 2018-05-15 Venue: TURQUOISE (TRQX) Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: ACQUISITION Transaction details (1): Volume: 575,309 Unit price: 5.2563 EUR Aggregated transactions (1): Volume: 575,309 Volume weighted average price: 5.2563 EUR About Nokia We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing. We adhere to the highest ethical business standards as we create technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience www.nokia.com Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com Jon Peet, Vice President, Corporate Communications []