Nokia Oyj — Share Issue/Capital Change 2015

Jan 2, 2015

Disclosure 320505

Nokia - Corporate Action

Exercises with stock options of Nokia Corporation

Nokia Corporation Stock Exchange Release January 2, 2015 at 9:15 (CET +1) Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 11 513 Nokia shares were subscribed for between November 25 and December 23, 2014. The subscription price was EUR 5.76 per share. The total amount of the subscription price, EUR 66 314.88, 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 3 745 044 246 shares. Each share carries one vote. The new shares carry all the shareholder rights as of the registration date January 2, 2015. The shares are subject to trading in NASDAQ OMX Helsinki Oy together with other Nokia shares (NOK1V) as of January 2, 2015. 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 [HUG#1884073]