Nokia - Company Announcement

Nokia receives decision in patent license arbitration with Samsung - positive financial impact for Nokia Technologies

Nokia Corporation
Stock Exchange Release
February 1, 2016 at 08:00 (CET +1)

Nokia receives decision in patent license arbitration with Samsung - positive
financial impact for Nokia Technologies

Espoo, Finland - The International Court of Arbitration of the International
Chamber of Commerce has issued its award for the binding arbitration between
Nokia and Samsung. Nokia and Samsung had previously agreed that this would
settle the amount of additional compensation payable to Nokia for the five year
extension of their license agreement covering certain Nokia patents for the
period beginning on January 1, 2014.

This award covers part of the Nokia Technologies patent portfolio until the end
of 2018. Nokia will continue to discuss with Samsung its other relevant
intellectual property portfolios. Nokia has strong intellectual property assets
consisting of intellectual property rights in the separate Nokia Technologies,
Nokia Networks and Alcatel-Lucent portfolios, which include patents essential
for a variety of standardized technologies as well as relevant implementation
patents and proprietary technologies.

Including this award, Nokia expects Nokia Technologies to report net sales of
approximately EUR 400 million in the fourth quarter 2015 and approximately EUR
1 020 million for the full year 2015. These numbers include catch up revenue
because the award exceeded revenue estimates already recognized with respect to
the period from January 1, 2014 through September 30, 2015. Consistent with
Nokia's outlook, Nokia Technologies net sales for the full year 2015 are
expected to increase year on year, even after excluding amounts related to the
award. Following the award, as of the end of the fourth quarter 2015, the
annualized net sales run rate for Nokia Technologies was approximately EUR 800
million.

Nokia expects to receive at least approximately EUR 1.3 billion of cash during
years 2016 - 2018 related to its settled and ongoing arbitrations in Nokia
Technologies, including this award. Nokia has also earlier received some related
prepayments.

"The use of independent arbitration to resolve differences in patent cases is a
recognized best practice, and we welcome the additional compensation payable to
Nokia under the extended agreement," said Ramzi Haidamus, President of Nokia
Technologies. "We look forward to further collaboration with Samsung and others
in additional licensing opportunities in the mobile communications market and
beyond."

About Nokia
Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Bell Labs and Nokia Technologies, the company is at
the forefront of creating and licensing the technologies that are increasingly
at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud and
the Internet of Things. www.nokia.com

Media Enquiries:

Nokia
Communications
Tel. +358 (0) 10 448 4900
Email: press.services@nokia.com

FORWARD-LOOKING STATEMENTS

This stock exchange release contains forward-looking statements that reflect
Nokia's current expectations and views of future events and developments. Some
of these forward-looking statements can be identified by terms and phrases such
as "look forward", "expect", "will" and similar expressions. These forward-
looking statements include statements relating to: the impact that the award
will have on Nokia Technologies' financial results, Nokia's intellectual
property portfolios, the future performance of Nokia Technologies and Nokia's
future interactions with Samsung. These forward-looking statements are subject
to a number of risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from such statements.
These forward-looking statements are based on our beliefs, assumptions and
expectations of future performance, taking into account the information
currently available to us. These statements are only predictions based upon our
current expectations and views of future events and developments. Risks and
uncertainties include: the finalization of Nokia's financial statements in
compliance with the relevant rules and regulations; Nokia's ability to maintain
a favorable relationship with Samsung; and the impact on Nokia of any of the
foregoing risks or forward-looking statements, as well as other risk factors
listed from time to time in Nokia's filings with the U.S. Securities and
Exchange Commission (the "SEC") and the French Autorité des marchés financiers
(the "AMF").

The forward-looking statements should be read in conjunction with the other
cautionary statements that are included elsewhere, including the Risk Factors
section of Nokia's most recent annual reports on Form 20-F, reports furnished on
Form 6-K, and any other documents that Nokia or Alcatel Lucent have filed with
the SEC or the AMF. Any forward-looking statements made in this stock exchange
release are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments anticipated by
us will be realized or, even if substantially realized, that they will have the
expected consequences to, or effects on, Nokia's businesses or operations.
Except as required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.




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