1NOKIA Nokia Corp

Nokia Corporation - Managers' transactions Nokia Corporation Managers’ transactions August 6, 2020 at 10.00 (CET +1) Nokia Corporation - Managers' transactions

Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: French, BarryPosition: Other senior managerIssuer: Nokia CorporationLEI: 549300A0JPRWG1KI7U06

Notification type: INITIAL NOTIFICATIONReference number: 549300A0JPRWG1KI7U06_20200804113839_2____________________________________________

Transaction date: 2020-08-03Venue: NASDAQ HELSINKI LTD (XHEL)Instrument type: SHAREISIN: FI0009000681Nature of the transaction: ACQUISITION

Transaction details(1): Volume: 130 Unit price: 4.18793 EUR

Aggregated transactions(1): Volume: 130 Volume weighted average price: 4.18793 EUR

About Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.

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