Nokia Oyj — Share Issue/Capital Change 2015

Nov 6, 2015

Disclosure 328120

Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation Stock Exchange Release November 6, 2015 at 09:00 (CET +1) Exercises with stock options of Nokia Corporation Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 109 000 Nokia shares were subscribed for between September 29 and November 2, 2015. The subscription price was EUR 5.76 per share for 25 000 shares, EUR 2.18 per share for 16 500 shares and EUR 1.92 per share for 67 500 shares. The total amount of the subscription price, EUR 309 570.00, 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 3 678 750 891 shares. The new shares carry all the shareholder rights as of the registration date November 6, 2015. The shares are subject to trading in Nasdaq Helsinki together with other Nokia shares (NOKIA) as of November 6, 2015. 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. www.nokia.com Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com [HUG#1964623]