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2015-09-30

NOKIA: Nokia Board of Directors resolved on a directed share issuance to Nokia employees participating in the Employee Share Purchase Plan 2014

Nokia Corporation

Stock Exchange Release
September 30, 2015 at 13:15 (CET +1)

Nokia Board of Directors resolved on a directed share issuance to Nokia
employees participating in the Employee Share Purchase Plan 2014

Espoo, Finland - Nokia announced that Nokia's Board of Directors has resolved
on a directed issuance of a maximum amount of 141 581 Nokia shares (NOKIA)
held by the company to Nokia employees participating in the Employee Share
Purchase Plan 2014. The one-year cycle of the Employee Share Purchase Plan
2014 ended on July 31, 2015.

Under the terms and conditions of the Employee Share Purchase Plan 2014 Nokia
will offer one matching share for every two shares purchased under the plan
which the participant still held as at July 31, 2015. The shares are issued
without consideration. As the issued shares are held by the company, the
total number of the company's outstanding shares does not change as a
consequence of the share issuance. The shares will be delivered to the
employees in October 2015.

The Board of Directors approved the launch of the Employee Share Purchase Plan
2014 as part of the Nokia Equity Program 2014 on February 14, 2014 to
encourage employee share ownership, commitment and engagement. The resolution
to issue shares is based on the authorization granted to the Board by the
Annual General Meeting on May 5, 2015.

About Nokia

By focusing on the human possibilities of technology, Nokia embraces the
connected world to help people thrive. Our three businesses are leaders in
their fields: Nokia Networks provides broadband infrastructure, software and
services; HERE provides mapping, navigation and location intelligence; and
Nokia Technologies provides advanced technology development and
licensing.http://www.nokia.com

Media Enquiries:

Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

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