Exercises with stock options of Nokia Corporation

Nokia Corporation Stock Exchange Release January 5, 2017 at 08:30 (CET +1)

Exercises with stock options of Nokia Corporation

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 126 000 Nokia shares were subscribed for between November 25 and December 29, 2016. The subscription price was EUR 2.08 per share for 38 500 shares, EUR 1.82 per share for 70 000 shares and EUR 2.35 per share for 17 500 shares. The total amount of the subscription price, EUR 248 605.00, 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 January 5, 2017. The shares are expected to commence trading in Nasdaq Helsinki and Euronext Paris together with other Nokia shares (NOKIA) as of January 9, 2017. 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 5 836 055 012 shares.

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From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. www.nokia.com

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