Nokia Oyj — Share Issue/Capital Change 2015

Dec 4, 2015

Disclosure 328733

Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation Stock Exchange Release December 4, 2015 at 9:00 (CET +1) Exercises with stock options of Nokia Corporation Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 472 672 Nokia shares were subscribed for between November 3 and November 30, 2015. The subscription price was EUR 5.76 per share for 186 422 shares, EUR 3.50 per share for 110 000 shares, EUR 2.18 per share for 11 250 shares and EUR 1.92 per share for 165 000 shares. The total amount of the subscription price, EUR 1 800 115.72, 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 registration of the shares in the Trade Register is 3 992 863 716 shares. The new shares carry all the shareholder rights as of the registration date December 4, 2015. The shares will commence trading in Nasdaq Helsinki (NOKIA) together with other Nokia shares as of December 4, 2015 and are expected to commence trading on Euronext Paris (NOKIA) as of December 7, 2015. Euronext Paris will publish a notice announcing the admission to trading on Euronext Paris of the new shares. About Nokia By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our three businesses are leaders in their fields: Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing. http://www.nokia.com Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com [HUG#1971116]