Nokia Corporation Managers' transactions February 13, 2019 at 15:00 (CET +1) Nokia Corporation - Managers' transactions

Transaction notification under Article 19 of EU Market Abuse Regulation. ____________________________________________ Person subject to the notification requirement Name: Goel, Sanjay Position: Other senior manager Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATION Reference number: 549300A0JPRWG1KI7U06_20190212164449_2 ____________________________________________

Transaction date: 2019-02-12 Venue not applicable Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details (1): Volume: 11,835 Unit price:  N/A

Aggregated transactions (1): Volume: 11,835 Volume weighted average price:  N/A

About Nokia We create the technology to connect the world. We develop and deliver the industry's only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 5.7 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.

Through our research teams, including the world-renowned Nokia Bell Labs, we are leading the world to adopt end-to-end 5G networks that are faster, more secure and capable of revolutionizing lives, economies and societies. Nokia adheres to the highest ethical business standards as we create technology with social purpose, quality and integrity. www.nokia.com

Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com Jon Peet, Vice President, Corporate Communications