Exercises with stock options of Nokia Corporation

January 10, 2006, A total of 67,004 shares of Nokia Corporation (“Nokia”) were subscribed for as of December 30, 2005 based on Nokia’s 2003 employee stock option plan. This resulted in an increase of EUR 4,020.24 in Nokia’s share capital and an increase of EUR 959,320.84 in shareholders equity. The new shares carry full shareholder rights as from the registration date, January 10, 2006. The shares are admitted to public trading on the Helsinki Exchanges as of the same date together with the old Nokia share class (NOK1V).

As a result of the increase, the share capital of Nokia is currently EUR 266,033,192.40 and the total number of shares is 4,433,886,540 including the shares that are held by the company.

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