Exercises with stock options of Nokia Corporation

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Nokia Corporation Stock Exchange Release November 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 41 500 Nokia shares were subscribed for between September 25 and October 29, 2018. The subscription price was EUR 2.08 per share for 19 000 shares and EUR 2.35 per share for 22 500 shares. The total amount of the subscription price, EUR 92 395.00, 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 November 2, 2018. The shares are expected to commence trading in Nasdaq Helsinki as of November 5, 2018, and in Euronext Paris as of November 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 5 635 592 159 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: [email protected] Jon Peet, Vice President, Corporate Communications