Annual Financial Report

Nokia Corporation

23 March 2017

Nokia Annual Report on Form 20-F 2016

Nokia published its Annual Report on Form 20-F for the year 2016. To view the full document, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/3861A_-2017-3-23.pdf

A copy of "Nokia Annual Report on Form 20-F 2016" has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM.

For further information, please contact:

Riikka TieahoVice PresidentCorporate LegalKaraportti 3FI-02610EspooFinland

Tel: +358 (0) 10 44 88 000Fax: +358 (0) 10 44 81 002