Publication of a Prospectus

Nokia Corporation

22 February 2017

Publication of Base Prospectus

The following document (the "Base Prospectus") has been approved by the Central Bank of Ireland and is available for viewing:

Base Prospectus dated 21 February 2017 for the EUR 5,000,000,000 Euro Medium Term Note Programme of Nokia Corporation.

To view the Base Prospectus please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/5476X_-2017-2-22.pdf

For further information, please contact:

Riikka TieahoVice PresidentCorporate LegalKaraportti 3FI-02610EspooFinland

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

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Base Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the prospectus is not addressed. Prior to relying on the information contained in the Base Prospectus you must ascertain from the Base Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.