Exercises with stock options of Nokia Corporation

ESPOO, Finland, Nov. 30, 2016 -- Based on Nokia Corporation's 2011 Stock Option Plan a total of 203 750 Nokia shares were subscribed for between October 25 and November 24, 2016. The subscription price was EUR 2.08 per share for 22 500 shares, EUR 1.82 per share for 52 500 shares, EUR 2.35 per share for 123 750 shares and EUR 2.72 per share for 5 000 shares. The total amount of the subscription price, EUR 446 762.50, 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 November 30, 2016. The shares will commence trading in Nasdaq Helsinki (NOKIA) together with other Nokia shares as of December 1, 2016 and are expected to commence trading on Euronext Paris (NOKIA) as of December 2, 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 5 835 929 012 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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