Nokia Oyj — Share Issue/Capital Change 2018

Oct 29, 2018

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Nokia Corporation

Stock Exchange Release

October 29, 2018 at 13:15 (CET +1)

Changes in Nokia Corporation's own shares

Espoo, Finland - A total of 1 154 073 Nokia shares (NOKIA) held by the company were today transferred without consideration to participants of Nokia's equity-based incentive plans as settlement in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to the participants of the plans as announced on February 1, 2018.

The number of own shares held by Nokia Corporation following the transfer is 31 324 305.

**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:

**NokiaCommunicationsTel. +358 (0) 10 448 4900Email: press.services@nokia.com

Jon Peet, Vice President, Corporate Communications

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*This announcement is distributed by West Corporation on behalf of West Corporation clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: NOKIA via Globenewswire*