Nokia renews its business mobility solutions of...

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Continued commitment to deliver leading mobile devices and solutions
to businesses and business users

Espoo, Finland - With its sights firmly fixed on consumer internet
services and with a clear vision of changing industry trends, Nokia
is today announcing the renewal of its business mobility strategy.
Nokia will focus on bringing best-in-class devices and solutions to
market by further strengthening strategic relationships with leading
enterprise technology vendors.

Nokia announced that it plans to cease developing or marketing its
own behind-the-firewall business mobility solutions. The appropriate
technologies and expertise will be reallocated to Nokia's new
consumer push e-mail service. Going forward, Nokia plans to form its
enterprise solutions offering by combining Nokia devices and
applications with software solutions from industry leading enterprise
vendors such as Microsoft, IBM, Cisco and others.

"We have very strong relationships with industry leading enterprise
technology partners such as Cisco and Microsoft, as well as a broad
range of operator and retail channel partners. Together with them, we
will use our expertise in devices, as well as the combined channel
footprint and customer base, to deliver a range of unbeatable
end-to-end offerings for business. The initial success of the Nokia
E71 with Microsoft Exchange ActiveSync is a great example of the
attractiveness of our new approach, " said Niklas Savander, EVP,
Services & Software, Nokia. "We will also continue with our
investment strategy to develop key consumer internet services in
areas such as music, games, media, messaging and context based
services. "

As a further step towards ensuring a clear focus on its core mobility
business, Nokia is also announcing that it is in the advanced stages
of discussions for the potential sale of its security appliances
business to a financial investor. "If this transaction is concluded,
it would be an extremely positive development for the security
appliance business, which will be able to realize its full potential
under new ownership. The investor is committed to continuing the
development and growth of the business, to serving its current
network of customers, and to retaining and motivating its employees,"
Niklas Savander continued. Further news about this transaction will
be announced when a definitive agreement is reached with the
investor.

"As recently demonstrated by the launch of Microsoft Exchange
ActiveSync on over 40 Nokia S60 phones, Microsoft and Nokia are
committed to working together to deliver great experiences for our
customers", said Terry Myerson, Corporate Vice President, Exchange
Group at Microsoft. "At Microsoft, we look forward to ongoing
collaboration with Nokia to address the tremendous opportunities for
both our companies in unified communications."

"We have been working closely with Nokia to deliver voice and data
mobile business solutions that combine Nokia's best-in-class mobile
devices with Cisco's complete range of unified communications and
wireless networking offerings," said Brett Galloway, Senior Vice
President of the Wireless and Security Technology Group at Cisco.
"We look forward to expanding our collaboration with Nokia to provide
solutions to business customers across the globe."

About Nokia
Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. We
make a wide range of mobile devices with services and software that
enable people to experience music, navigation, video, television,
imaging, games, business mobility and more. Developing and growing
our offering of consumer Internet services, as well as our enterprise
solutions and software, is a key area of focus. We also provide
equipment, solutions and services for communications networks through
Nokia Siemens Networks.


It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A)
the timing of product, services and solution deliveries; B) our
ability to develop, implement and commercialize new products,
services, solutions and technologies; C) expectations regarding
market growth, developments and structural changes; D) expectations
regarding our mobile device volume growth, market share, prices and
margins; E) expectations and targets for our results of operations;
F) the outcome of pending and threatened litigation; G) expectations
regarding the successful completion of contemplated acquisitions on a
timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and H) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate,"
"designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the information
currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results
that we currently expect. Factors that could cause these differences
include, but are not limited to: 1) competitiveness of our product,
service and solutions portfolio; 2) the extent of the growth of the
mobile communications industry and general economic conditions
globally; 3) the growth and profitability of the new market segments
that we target and our ability to successfully develop or acquire and
market products, services and solutions in those segments; 4) our
ability to successfully manage costs; 5) the intensity of competition
in the mobile communications industry and our ability to maintain or
improve our market position or respond successfully to changes in the
competitive landscape; 6) the impact of changes in technology and our
ability to develop or otherwise acquire complex technologies as
required by the market, with full rights needed to use; 7) timely and
successful commercialization of complex technologies as new advanced
products, services and solutions; 8) our ability to protect the
complex technologies, which we or others develop or that we license,
from claims that we have infringed third parties' intellectual
property rights, as well as our unrestricted use on commercially
acceptable terms of certain technologies in our products, services
and solution offerings; 9) our ability to protect numerous Nokia and
Nokia Siemens Networks patented, standardized or proprietary
technologies from third-party infringement or actions to invalidate
the intellectual property rights of these technologies; 10) Nokia
Siemens Networks' ability to achieve the expected benefits and
synergies from its formation to the extent and within the time period
anticipated and to successfully integrate its operations, personnel
and supporting activities; 11) whether, as a result of investigations
into alleged violations of law by some current or former employees of
Siemens AG ("Siemens"), government authorities or others take further
actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by
Siemens to Nokia Siemens Networks, or there may be undetected
additional violations that may have occurred prior to the transfer,
or ongoing violations that may have occurred after the transfer, of
such assets and employees that could result in additional actions by
government authorities; 12) any impairment of Nokia Siemens Networks
customer relationships resulting from the ongoing government
investigations involving the Siemens carrier-related operations
transferred to Nokia Siemens Networks; 13) occurrence of any actual
or even alleged defects or other quality issues in our products,
services and solutions; 14) our ability to manage efficiently our
manufacturing and logistics, as well as to ensure the quality,
safety, security and timely delivery of our products, services and
solutions; 15) inventory management risks resulting from shifts in
market demand; 16) our ability to source sufficient amounts of fully
functional components and sub-assemblies without interruption and at
acceptable prices; 17) any disruption to information technology
systems and networks that our operations rely on; 18) developments
under large, multi-year contracts or in relation to major customers;
19) economic or political turmoil in emerging market countries where
we do business; 20) our success in collaboration arrangements
relating to development of technologies or new products, services and
solutions; 21) the success, financial condition and performance of
our collaboration partners, suppliers and customers; 22) exchange
rate fluctuations, including, in particular, fluctuations between the
euro, which is our reporting currency, and the US dollar, the Chinese
yuan, the UK pound sterling and the Japanese yen, as well as certain
other currencies; 23) the management of our customer financing
exposure; 24) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile devices
and lawsuits related to them, regardless of merit; 25) unfavorable
outcome of litigations; 26) our ability to recruit, retain and
develop appropriately skilled employees; 27) the impact of changes in
government policies, laws or regulations; and 28) our ability to
effectively and smoothly implement our new organizational structure;
as well as the risk factors specified on pages 10-25 of Nokia's
annual report on Form 20-F for the year ended December 31, 2007 under
"Item 3.D Risk Factors." Other unknown or unpredictable factors or
underlying assumptions subsequently proving to be incorrect could
cause actual results to differ materially from those in the
forward-looking statements. Nokia does not undertake any obligation
to update publicly or revise forward-looking statements, whether as a
result of new information, future events or otherwise, except to the
extent legally required.


Media Enquiries:

Nokia
Communications
Tel. [phone]
E-Mail: [e-mail]

Nokia
Communications, Americas
Tel. [phone]
Email: [e-mail]

Industry Analysts only:
Nokia Industry Analyst Relations
[e-mail]

www.nokia.com


 
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NOKIA
P.O. Box 226<br>FIN-00045 NOKIA GROUP   Espoo 

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