Nokia Organizational Change

Nokia Corporation
26 September 2003

Nokia takes the next step in structuring its
organization for convergence and growth



Nokia will change its organizational structure to strengthen its focus on
convergence, new mobility markets and growth. The change is a natural next step
following the reorganization of Nokia Mobile Phones into nine business units in
the spring of 2002. The new structure consists of four business groups,
corporate-wide sales, marketing, logistics, manufacturing and technology units,
as well as a corporate strategy, development and research unit. The changes will
be in effect as of January 1, 2004.



With the changes, Nokia will address emerging new business areas in the world of
mobility, while continuing to build on its leadership in mobile voice
communication. Nokia's businesses will be organized in four business groups,
offering the best opportunities to meet the unique dynamics of each business:



- Mobile Phones will offer a global range of highly competitive mobile phones
for large consumer segments. Olli-Pekka Kallasvuo will be Executive Vice
President and General Manager of Mobile Phones.



- Multimedia will focus on bringing mobile multimedia to consumers in the form
of images, games, music and a range of other attractive content. Anssi Vanjoki
will be Executive Vice President and General Manager of Multimedia.



- Networks will continue to offer leading-edge network technology and related
services, based on major wireless standards. Sari Baldauf will be Executive Vice
President and General Manager of Networks.



- Enterprise Solutions, announced already in July, will offer value to
enterprises by providing a range of terminals and seamless mobile connectivity
solutions based on end-to-end mobility architecture. General Manager of
Enterprise Solutions will be announced later.



Nokia will further enhance its competitiveness and efficiency by establishing
company-wide horizontal functions to work with all four business groups. This
will enable global care of customer relations and channels, economies of scale
in operations as well as better horizontal leverage of technologies, business
opportunities and common support:



Sales and marketing, as well as manufacturing, logistics and sourcing will be
organized globally and headed by Pekka Ala-Pietila . He will also continue as
President of Nokia Corporation.



Pertti Korhonen, Senior Vice President and Chief Technology Officer of Nokia,
will be in charge of the technology unit. This unit will be responsible for
Nokia-wide technology management and development and will deliver technologies
and platforms for Nokia's business groups and external customers.



Matti Alahuhta will be Executive Vice President and Chief Strategy Officer with
responsibility for corporate strategy and development, research, venturing and
business infrastructure.



Rick Simonson has been appointed Senior Vice President and Chief Financial
Officer with the responsibility for finance and control, treasury, investor
relations, customer finance and risk management.



Rick Simonson and Hallstein Moerk, Senior Vice President, Human Resources, have
been appointed to the Nokia Group Executive Board as new members. They will both
report to Jorma Ollila, Chairman and CEO.



Jorma Ollila will continue to be Chairman of the Group Executive Board, with
Pekka Ala-Pietila , Matti Alahuhta, Sari Baldauf, Olli-Pekka Kallasvuo, Pertti
Korhonen, Anssi Vanjoki and Veli Sundback, Senior Vice President reporting to
him.



J.T. Bergqvist, Senior Vice President and General Manager, will continue to
report to Sari Baldauf, and Yrjo Neuvo, Senior Vice President and Technology
Advisor, will continue to report to Matti Alahuhta. They will both continue to
be members in the Group Executive Board. Lauri Kivinen, Senior Vice President,
Communications, and Ursula Ranin, Vice President and General Counsel, will
continue to report to Ollila.



'Mobility is one of the world's megatrends with a great opportunity', says Jorma
Ollila, Chairman and CEO of Nokia. 'It will change how businesses are run and it
is our ongoing ambition to help consumers and corporations in this transition.
The industry and corporate structures that were established a decade ago at the
dawn of mobile communications were very different from what is needed going
ahead. With our flexibility and the new structure we are truly in the best
position to bring the benefits of mobility to everyone and to take the
opportunity of the next growth wave in this industry', says Ollila.



About Nokia

Nokia is the world leader in mobile communications. Backed by its experience,
innovation, user-friendliness and secure solutions, the company has become the
leading supplier of mobile phones and a leading supplier of mobile, fixed
broadband and IP networks. By adding mobility to the Internet Nokia creates new
opportunities for companies and further enriches the daily lives of people.
Nokia is a broadly held company with listings on six major exchanges.



Further information for media:



Nokia
Communications
Tel. [phone]
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