Nokia Oyj — Share Issue/Capital Change 2018

Aug 2, 2018

Disclosure 363539

Nokia - Total number of voting rights and capital

Exercises with stock options of Nokia Corporation

Nokia Corporation Stock Exchange Release August 2, 2018 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 12 500 Nokia shares were subscribed for between May 30 and July 27, 2018. The subscription price was EUR 2.35 per share. The total amount of the subscription price, EUR 29 375.00, will be recorded in the fund for invested non-restricted equity and, consequently, the share capital of the company does not increase. The new shares carry all the shareholder rights as of the registration date August 2, 2018. The shares are expected to commence trading in Nasdaq Helsinki as of August 3, 2018, and in Euronext Paris as of August 6, 2018, together with other Nokia shares (NOKIA). Euronext Paris will publish a notice announcing the admission to trading on Euronext Paris of the new shares. The amount of Nokia shares after registration of the shares in the Trade Register is 5 631 519 159 shares. About Nokia We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing. We adhere to the highest ethical business standards as we create technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience www.nokia.com Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com Jon Peet, Vice President, Corporate Communications []