Nokia Corporation
Stock Exchange Release
July 28, 2017 at 9:05 (CET +1)

Exercises with stock options of Nokia Corporation

Espoo, Finland - Based on Nokia Corporation's 2011 Stock Option Plan a total of 5 250 Nokia shares were subscribed for between June 27 and July 24, 2017. The subscription price was EUR 2.35 per share. The total amount of the subscription price, EUR 12 337.50, 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 July 28, 2017. The shares are expected to commence trading in Nasdaq Helsinki as of July 31, 2017, and in Euronext Paris as of August 1, 2017, 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 5 836 273 262 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.

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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