Nokia Oyj — Share Issue/Capital Change 2008

Oct 22, 2008

Disclosure 263251

Nokia - Company Announcement

Board's resolution to issue shares held by the Company; Changes in Nokia Corporation's own shares

Nokia Corporation Stock exchange release October 22, 2008 at 13.15 (CET+1) Board's resolution to issue shares held by the Company; Changes in Nokia Corporation's own shares Espoo, Finland - The Nokia Board of Directors has resolved to issue 2 110 000 Nokia shares (NOK1V) held by the Company as settlement under the Nokia's equity based incentive plans to the plan participants. Based on the above decision and previously announced decisions of the Board of Directors to issue shares held by the Company, 1 367 176 Nokia shares held by the Company are today transferred to participants of Nokia's equity based incentive plans as settlement under the plans. Media Enquiries: Nokia Communications Tel. +358 7180 34900 Email: press.services@nokia.com www.nokia.com