Nokia appoints Joerg Erlemeier as Chief Operating Officer and member of the Nokia Group Leadership Team

Nokia Corporation

Stock Exchange Release

December 11, 2017 at 09:30 (CET +1)

Nokia appoints Joerg Erlemeier as Chief Operating Officer and member of the Nokia Group Leadership Team

Espoo, Finland - Nokia today announced the appointment of Joerg Erlemeier as Chief Operating Officer (COO) and member of the Group Leadership Team (GLT) with immediate effect. Erlemeier will report to Nokia President and Chief Executive Officer Rajeev Suri. Monika Maurer, who previously held the COO position, will support Erlemeier during a transition period and then leave Nokia to pursue new opportunities outside the company.

I want to thank Monika for her contributions to Nokia, and Alcatel-Lucent before that. I warmly welcome Joerg to the GLT, and look forward to working together to further strengthen our disciplined operating model, said Rajeev Suri.

Erlemeier was most recently Senior Vice President, Nokia Transformation, and holds a Bachelors degree in Engineering (Electronics and Telecommunications) from Fachhochschule Aachen in Germany. He has over 20 years of experience in various leadership positions in Nokia, including heading the Middle East and Africa region; leading Services in Asia-Pacific and Japan and North America; and serving as COO of the Mobile Networks business group.

As a result of this change, Nokias Group Leadership Team will, effective as of December 11, 2017, consist of the following members: Rajeev Suri, Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ashish Chowdhary, Joerg Erlemeier, Barry French, Bhaskar Gorti, Federico Guill n, Gregory Lee, Igor Leprince, Kristian Pullola, Marc Rouanne, Maria Varsellona and Marcus Weldon.

A photo of Joerg Erlemeier can be downloaded at: https://www.nokia.com/en_int/news/media-library/nokia-group-leadership-team

Additional background on all members of the GLT can be found at http://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team

About Nokia

We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industrys most complete, end-to-end portfolio of products, services and licensing.

From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in digital health, we are shaping the future of technology to transform the human experience. www.nokia.com

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FORWARD-LOOKING STATEMENTS

It should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; B) expectations, plans or benefits related to our strategies and growth management; C) expectations, plans or benefits related to future performance of our businesses; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding market developments, general economic conditions and structural changes; F) expectations and targets regarding financial performance, results, operating expenses, taxes, currency exchange rates, hedging, cost savings and competitiveness, as well as results of operations including targeted synergies and those related to market share, prices, net sales, income and margins; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, uses of proceeds from transactions, acquisitions and divestments and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, capital structure optimization efforts, divestments and acquisitions; and L) statements preceded by or including believe, expect, anticipate, foresee, sees, target, estimate, designed, aim, plans, intends, focus, continue, project, should, is to, will or similar expressions. These statements are based on managements 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, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our ability to execute our strategy, sustain or improve the operational and financial performance of our business and correctly identify and successfully pursue business opportunities or growth; 2) our ability to achieve the anticipated benefits, synergies, cost savings and efficiencies of acquisitions, including the acquisition of Alcatel-Lucent, and our ability to implement changes to our organizational and operational structure efficiently; 3) general economic and market conditions and other developments in the economies where we operate; 4) competition and our ability to effectively and profitably compete and

LINK:	http://www.nokia.com/en_int/news/releases/2017/12/11/nokia-appoints-jo...
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