Nokia - Inside information

Nokia receives decision in patent license arbitration with LG Electronics

Nokia Corporation
Stock Exchange Release
September 18, 2017 at 09:00 (CET +1)

Nokia receives decision in patent license arbitration with LG Electronics

Espoo, Finland - The International Court of Arbitration of the International
Chamber of Commerce has issued its award for the binding arbitration between
Nokia and LG Electronics. The companies had previously agreed that this would
settle the royalty payment obligations for the royalty-bearing smartphone patent
license from Nokia Technologies announced in June 2015.

While details of the arbitration award and license agreement remain
confidential, Nokia will follow its existing practices for disclosing patent
licensing revenue in its quarterly announcements and expects that revenue for
the agreement will be recognized in the third quarter of 2017, including an
element of non-recurring catch-up revenue, with additional revenues expected
during the term of the agreement.

"The use of independent arbitration to resolve differences in patent cases is a
recognized best practice. We believe that this award confirms the quality of
Nokia's patent portfolio," said Maria Varsellona, chief legal officer at Nokia.
"We continue to see potential for additional licensing opportunities in the
mobile communications market and beyond."

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 industry's 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 virtual reality and digital health, we are shaping the future of
technology to transform the human experience. www.nokia.com

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