Nokia Oyj — Share Issue/Capital Change 2014

Oct 31, 2014

Exercises with stock options of Nokia Corporation

Exercises with stock options of Nokia Corporation

Nokia Corporation
Stock exchange release
October 31, 2014 at 09:10 (CET +1)

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan, a total
of 10 628 Nokia shares were subscribed for between September 23 and October 27,
2014. The subscription price was EUR 5.76 per share. The total amount of the
subscription price, EUR 61 217.28, will be recorded in the fund for invested
non-restricted equity and, consequently, the share capital of the company does
not increase.

The amount of Nokia shares after the registration of the shares in the Trade
Register is 3 745 014 845 shares. Each share carries one vote. The new shares
carry all the shareholder rights as of the registration date October 31, 2014.
The shares are subject to trading in NASDAQ OMX Helsinki Oy together with other
Nokia shares (NOK1V) as of October 31, 2014.

About Nokia
Nokia invests in technologies important in a world where billions of devices
are connected. We are focused on three businesses: network infrastructure
software, hardware and services, which we offer through Nokia Networks;
location intelligence, which we provide through HERE; and advanced technology
development and licensing, which we pursue through Nokia Technologies. Each of
these businesses is a leader in its respective field. http://company.nokia.com

Media Enquiries:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com