Exercises with stock options of Nokia Corporation

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 9 375 Nokia shares were subscribed for between June 2 and June 29, 2015. The subscription price was EUR 5.76 per share. The total amount of the subscription price, EUR 54 000, 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 3 678 338 233 shares. The new shares carry all the shareholder rights as of the registration date July 3, 2015. The shares are subject to trading in NASDAQ OMX Helsinki Oy together with other Nokia shares (NOK1V) as of July 3, 2015.