This is Nokia’s 5th Corporate Responsibility (CR) Report, covering the calendar year 2007.

The report highlights Nokia’s performance in the areas where business practices most affect society and the environment. It covers the key ethical, socio-economic and environmental areas we believe are most relevant to our business and our stakeholders.

On April 1, 2007, Nokia’s Networks business group was combined with Siemens AG’s carrier-related operations for fixed and mobile networks to form Nokia Siemens Networks, a company jointly owned by Nokia and Siemens and consolidated by Nokia. Accordingly, the numerical data regarding Nokia Group and Nokia Siemens Networks for the year 2007 are not directly comparable to numerical data for previous years. Please see the Nokia Siemens Networks CR Report for information on its CR activities.

This report is available only online and can be downloaded in a way that matches a reader’s specific interests. Readers can create their own personal report containing only the topics they want to read.

Further details, background information on our approach and a history of Nokia’s CR activities can be found on the corporate pages of Nokia’s website. More detailed country information on specific activities relevant to corporate responsibility is included in Nokia’s CR map.

Some of the highlights of our CR Report 2007 are included in our corporate brochure About Nokia, published in May 2008. Previous CR reports can be found on the company’s CR website.

Details about Nokia’s financial performance are published in quarterly results releases, the annual report on Form 20-F, and Nokia’s annual accounts. All these can also be viewed on the corporate website.

We welcome your views on our activities and our performance.