Conversion of Nokia Corporation's convertible bond into Nokia shares

Espoo, FINLAND, March 20, 2015 (GLOBE NEWSWIRE) -- A total of 40 983 Nokia shares have been subscribed for by using the conversion right pertaining to Nokia's EUR 750 million convertible bond due in 2017. The conversion price is EUR 2.44 per share. The conversion amount, EUR 100 000, is recorded into the fund for invested non-restricted equity, hence the share capital of the company will not increase. The total number of Nokia shares after registration of the shares with the Trade Register is 3 678 181 547. Each share carries one vote.

The new shares will carry the shareholder rights under Finnish law as of the date of registration on March 20, 2015. The shares can commence trading in Nasdaq Helsinki together with other Nokia shares (NOK1V) as of March 20, 2015. About Nokia Nokia invests in technologies important in a world where billions of devices are connected. We are focused on three businesses: network infrastructure software, hardware and services, which we offer through Nokia Networks; location intelligence, which we provide through HERE; and advanced technology development and licensing, which we pursue through Nokia Technologies. Each of these businesses is a leader in its respective field. http://company.nokia.com Media Enquiries Nokia Communications Tel. +358 (0) 10 448 4900 Email: [email protected]

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