Esko Aho to join Nokia on November 1, 2008 - Veli Sundbäck to retire at the end of May, 2009

Nokia Corporation                                                               
Stock exchange release                                                          
August 15, 2008 at 13:00 (CET +1)                                               

Esko Aho to join Nokia on November 1, 2008 - Veli Sundbäck to retire at the end 
of May, 2009                                                                    

Espoo, Finland - Nokia today announced that Mr. Esko Aho, 54, will join Nokia on
November 1, 2008. He will become a member of the Nokia Group Executive Board as 
of January 1, 2009, when he assumes the duties of Executive Vice President,     
Corporate Relations and Responsibility, the position currently held by Mr. Veli 
Sundbäck.                                                                       

Veli Sundbäck will step down from the Nokia Group Executive Board as of December
31, 2008, but will continue in Nokia as an executive advisor until his          
retirement on May 31, 2009 at the age of 63.                                    

Esko Aho is currently heading the Finnish Innovation Fund (SITRA), a position he
took up following his retirement from a long and distinguished political career.

Commenting on his new responsibilities, Mr. Aho said, "I'm excited at joining   
such a great and truly global company as Nokia. I see this as an inspiring new  
challenge. There is a lot to learn but I believe I will be able to draw on my   
experience from both a think tank environment as well as from international     
politics. It is a privilege to serve on Nokia's Group Executive Board and I     
really look forward to working with the Nokia team."                            

Said Olli-Pekka Kallasvuo, Nokia CEO, "Veli Sundbäck brought to Nokia valuable  
experience and knowledge of international affairs, at a time when Nokia was     
expanding fast into other markets. Together with his team, he has developed     
Corporate Relations and Responsibility activities to a world-class level in     
Nokia thereby contributing to the growth of the business. During the years, we  
have come to appreciate his insight and leadership in a diverse range of global 
issues. We wish him all the best for the future and extend a warm welcome to    
Esko Aho. "                                                                     

As of January 1, 2009 the Nokia Group Executive Board will consist of the       
following members: Olli-Pekka Kallasvuo (Chairman), Esko Aho, Robert Andersson, 
Simon Beresford-Wylie, Timo Ihamuotila, Mary T. McDowell, Hallstein Moerk, Tero 
Ojanperä, Niklas Savander, Rick Simonson, Anssi Vanjoki and Kai Öistämö.        
                                                                                
About Nokia                                                                     
Nokia is the world leader in mobility, driving the transformation and growth of 
the converging Internet and communications industries. We make a wide range of  
mobile devices with services and software that enable people to experience      
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more. Developing and growing our offering of consumer Internet services, as well
as our enterprise solutions and software, is a key area of focus. We also       
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Nokia Siemens Networks.                                                         

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