Exercises with stock options of Nokia Corporation

Based on Nokia Corporation's 2011 Stock Option Plan a total of 12 750 Nokia shares were subscribed for between August 30 and September 26, 2016. The subscription price was EUR 2.08 per share for 7 500 shares and EUR 2.35 per share for 5 250 shares. The total amount of the subscription price, EUR 27 937.50, 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 September 30, 2016. The shares will commence trading in Nasdaq Helsinki (NOKIA) together with other Nokia shares as of October 3, 2016 and are expected to commence trading on Euronext Paris (NOKIA) as of October 4, 2016. 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 5 835 686 512 shares.

About Nokia Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. www.nokia.com

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