Nokia Corporation ANNOUNCEMENT 16.05.2007 SHARE REPURCHASE 16.05.2007 In the Helsinki Stock Exchange Trade date 16.05.2007 Bourse trade BUY Share NOK1V Amount 1 010 000 shares Total cost 19 782 365 EUR Average price / share 19.5865 EUR Highest price / share 19.77 EUR Lowest price / share 19.34 EUR Nokia Corporation now holds 17 825 158 shares including the shares repurchased on 16.05.2007 On behalf of Nokia Corporation Cr�dit Agricole Cheuvreux Nordic AB Bj�rn Sandberg Michael Bernander