2007-05-14 14:30:00 CEST

2007-05-14 14:30:00 CEST


REGULATED INFORMATION

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Nokia - Company Announcement

Nokia increases its second quarter 2007 device market share outlook


Espoo, Finland - Nokia today updated its device market share outlook for the    
second quarter 2007. Nokia now expects its share of the global device market to 
increase sequentially in the second quarter 2007, from its estimated 36% share  
at the end of the first quarter.                                                

This is updated from the outlook Nokia provided in its first quarter 2007       
earnings announcement on April 19, 2007, when the company said it expected its  
device market share in the second quarter 2007 to be approximately at the same  
level sequentially.                                                             

Nokia believes that its device shipments in the second quarter 2007 will be     
positively impacted, as excess device inventory in the market has sufficiently  
cleared. In its first quarter 2007 earnings announcement, Nokia said that it    
believed there had been an impact in the market from the excess inventory of    
certain of its competitors' products in the first quarter. This excess inventory
also temporarily impacted Nokia's visibility into short term market             
developments.                                                                   

Nokia continues to target an increase in its market share in mobile devices for 
the full year 2007.                                                             

Nokia will report its second quarter 2007 results on August 2, 2007.            

It should be noted that certain statements herein which are not historical      
facts, including, without limitation, those regarding: A) the timing of product 
and solution deliveries; B) our ability to develop, implement and commercialize 
new products, 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; and G) 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 portfolio; 2) our ability to identify key market 
trends and to respond timely and successfully to the needs of our customers; 3) 
the extent of the growth of the mobile communications industry, as well as the  
growth and profitability of the new market segments within that industry which  
we target; 4) the availability of new products and services by network operators
and other market participants; 5) our ability to successfully manage costs; 6)  
the intensity of competition in the mobile communications industry and our      
ability to maintain or improve our market position and respond successfully to  
changes in the competitive landscape; 7) 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; 8) timely and successful            
commercialization of complex technologies as new advanced products and          
solutions; 9) 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 and       
solution offerings; 10) our ability to protect numerous Nokia patented,         
standardized, or proprietary technologies from third party infringement or      
actions to invalidate the intellectual property rights of these technologies;   
11) our ability to manage efficiently our manufacturing and logistics, as well  
as to ensure the quality, safety, security and timely delivery of our products  
and solutions; 12) inventory management risks resulting from shifts in market   
demand; 13) our ability to source quality components and sub-assemblies without 
interruption and at acceptable prices; 14) Nokia's and Siemens' ability to      
successfully integrate the operations, personnel and supporting activities of   
their respective businesses as a result of the merger of Nokia's networks       
business and Siemens' carrier-related operations for fixed and mobile networks  
forming Nokia Siemens Networks; 15) whether, as a result of investigations into 
alleged violations of law by some current or former employees of Siemens,       
government authorities or others take 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 occur after the transfer, of such assets and employees that 
could result in additional actions by government authorities; 16) the expense,  
time, attention and resources of Nokia Siemens Networks and our management to   
detect, investigate and resolve any situations related to alleged violations of 
law involving the assets and employees of Siemens carrier-related operations    
transferred to Nokia Siemens Networks; 17) 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; 18) developments under large, multi-year contracts or in
relation to major customers; 19) general economic conditions globally and, in   
particular, 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 and solutions; 21) the success,     
financial condition and performance of our collaboration partners, suppliers and
customers; 22) any disruption to information technology systems and networks    
that our operations rely on; 23) 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; 24) the management of our customer financing  
exposure; 25) allegations of possible health risks from electromagnetic fields  
generated by base stations and mobile devices and lawsuits related to them,     
regardless of merit; 26) unfavorable outcome of litigations; 27) our ability to 
recruit, retain and develop appropriately skilled employees; and 28) the impact 
of changes in government policies, laws or regulations; as well as the risk     
factors specified on pages 12-24 of the company's annual report on Form 20-F for
the year ended December 31, 2006 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. 


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Investor Relations Europe                                                       
Tel. +358 7180 34289                                                            

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Tel. +1 914 368 0555                                                            

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