SHARE REPURCHASES 21.5.2008


Nokia Corporation       ANNOUNCEMENT     21.5.2008


SHARE REPURCHASES  21.5.2008

In the Helsinki Stock Exchange

Trade date              21.5.2008
Bourse trade            BUY
Share                   NOK1V
Amount                  2.120.000      shares
Total cost              39.881.649,79  EUR
Average price/ share    18,8121        EUR
Highest price/ share    19,05          EUR
Lowest price/ share     18,67          EUR



Nokia Corporation now holds a total of 46.017.298 shares
including the shares repurchased on 21.5.2008.


On behalf of Nokia Corporation

Nordea Bank Finland Plc

Petri Simberg          Julius Summanen