Changes in Nokia Corporation's own shares


Nokia Corporation                                                               
Stock exchange release                                                          
October 21, 2009 at 09:30 am (CET +1)                                           

Changes in Nokia Corporation's own shares                                       

Espoo, Finland - Based on previously announced decisions of the Board of        
Directors to issue shares held by the Company, 686 693 Nokia shares (NOK1V) held
by the Company are today transferred to approximately 200 participants of       
Nokia's equity-based incentive plans as settlement in accordance with the plan  
rules. The majority of the shares are delivered under the Nokia Restricted Share
Plan 2006.                                                                      
                                                                                
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