To the Management of Nokia Corporation

We have been engaged by the Management of Nokia Corporation to perform a limited assurance engagement on selected information (hereinafter the “Selected CR information”) in Nokia Corporation’s Corporate Responsibility Information of 2008 for the year ending December 31, 2008, which consists of CR overview and Environmental Report 2008 as disclosed on the Nokia Corporation’s website.

The Selected CR information consists of the following performance indicators in the areas of Environment, HR and Supply Chain. Unless otherwise stated below, the scope of the Selected CR information covers Nokia Group, excluding NAVTEQ Group (hereinafter: Nokia Group).

• Environmental performance indicators for 2008
• Facility related direct and indirect energy consumption and related greenhouse gas emissions.
• Energy savings in 2008 and 2008 year-end current status against the cumulative minimum savings target by 2012 (Nokia Group excluding Nokia Siemens Networks Group and NAVTEQ Group). Energy consumption in base year 2006 and energy savings in 2007 have been assured by Ecofys Germany GmbH, and we have relied on their assurance work, and hence no assurance procedures have been performed by PricewaterhouseCoopers Oy on these amounts.
• Green electrical energy portion of total electricity consumption (Nokia Group excluding Nokia Siemens Networks Group and NAVTEQ Group).
• ROHS compliance of products.
• New chargers’ compliance with EU CoC/Energy Star.
• No-load energy consumption of chargers including also progress in reaching the target of reducing the average charger’s no load energy consumption by 50 % from the 2006 level by the end of 2010. The chargers’ average energy consumption in base year 2006 and consumption reductions in 2007 have been assured by Ecofys Germany GmbH, and we have relied on their assurance work, and hence no assurance procedures have been performed by PricewaterhouseCoopers Oy on these amounts.
• Status of ISO 14001 certifications for Nokia sites.
• HR performance indicators for 2008
• Employees in production.
• Total training cost.
• Training cost / employee.
• Injury/illness rate in production.
• Women in senior management.
• Non-Finnish nationalities in senior management.
• Voluntary attrition.
• Supply Chain performance indicators for 2008
• Percentage of suppliers having Environmental Management System (EMS) in place for sites serving Nokia.
• Percentage of suppliers having reduction targets for energy, CO2, water, and waste in place and monitored.
• Suppliers’ compliance with Nokia Supplier Requirements.
• Supplier Satisfaction Survey procedures and results.

Management’s Responsibility

The Management of Nokia Corporation is responsible for preparing the Selected CR information in accordance with the Reporting criteria as set out in Nokia Corporation’s reporting guidelines and for facility related direct and indirect energy consumption and related greenhouse gas emissions in Global Reporting Initiative’s G3 Guidelines.

Practitioner’s Responsibility

Our responsibility is to express a conclusion on the Selected CR information based on our work performed. Our assurance report has been made in accordance with the terms of our engagement. We do not accept, or assume responsibility to anyone else, except to Nokia Corporation for our work, for this report, or for the conclusions that we have reached.

We conducted our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’. This Standard requires that we comply with ethical requirements and plan and perform the assurance engagement to obtain limited assurance whether any matters come to our attention that causes us to believe that the Selected CR information has not been prepared, in all material respects, in accordance with the Reporting criteria.

In a limited assurance engagement the evidence-gathering procedures are more limited than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement. The procedures selected depend on the practitioner’s judgment, including an assessment of the risks of material misstatement of the Selected CR information. Our work consisted of, amongst others, the following procedures:

• Making inquiries of relevant management of Nokia Corporation and Nokia Siemens Networks Group.
• Assessing how Nokia Group employees apply Nokia Corporation’s reporting guidelines and procedures.
• Visiting Nokia Corporation’s and Nokia Siemens Networks Group’s Head Offices as well as a sample of six manufacturing sites in Finland, China, Germany and India.
• Interviewing employees responsible for collection and reporting of the Selected CR information at Nokia Group and at Nokia Siemens Networks Group level and at the different manufacturing sites where our visits took place.
• Inspection of relevant documents and systems for gathering, analyzing and aggregating the Selected CR information as well as tests on a sample basis.
• Assessing the data consolidation process of the Selected CR information at Nokia Group level and at Nokia Siemens Networks Group level.

Conclusion

Based on our limited assurance engagement, nothing has come to our attention that causes us to believe that the Selected CR information has not been prepared, in all material respects, in accordance with the Reporting criteria. Our assurance report should be read in conjunction with the inherent limitations of accuracy and completeness for corporate responsibility information. This independent assurance report should not be used on its own as a basis for interpreting Nokia Corporation’s performance in relation to its principles of corporate responsibility.

Espoo, June 23, 2009

PricewaterhouseCoopers Oy