Based on the previously announced resolution of the Board of Directors to issue shares held by the Company, 415 408 Nokia shares (NOKIA) were today transferred to participants of Nokia's equity-based incentive plans as settlement in accordance with the plan rules.

About Nokia Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives. With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. www.nokia.com

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

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