Nokia Oyj — Share Issue/Capital Change 2008

Nov 28, 2008

Disclosure 264726

Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation Stock exchange release November 28, 2008 at 9.30 (CET +1) Exercises with stock options of Nokia Corporation Espoo, Finland - Based on Nokia's 2003 employee stock option plan, 5 813 shares of Nokia Corporation were subscribed for between October 28, 2008 and November 24, 2008. 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, November 28, 2008. The shares are admitted to public trading on the NASDAQ OMX Helsinki Ltd as of the registration date together with the old Nokia share class (NOK1V). After the registration, the total number of shares is 3 800 948 552, including the shares held by the company. Media Enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.services@nokia.com www.nokia.com