Nokia - Changes board/management/auditors

Anssi Vanjoki resigns from Nokia

Nokia Corporation                                                               
Stock Exchange Release                                                          
September 13, 2010 at 9.30 (CET +1)   
Anssi Vanjoki resigns from Nokia    
Espoo, Finland - Nokia announced today that Anssi Vanjoki, Executive Vice       
President and a member of Nokia Group Executive Board has given notice of       
resignation from Nokia. Vanjoki, who currently heads Nokia's Mobile Solutions   
unit, has six months notice period and he will continue in his current tasks for
the time being.         
“I felt the time has come to seek new opportunities in my life,” Anssi Vanjoki  
says. “At the same time, I am one hundred per cent committed to doing my best   
for Nokia until my very last working day. I am also really looking forward to   
this year's Nokia World and sharing news about exciting new devices and         
solutions.”     
About Nokia                                                                     
At Nokia, we are committed to connecting people. We combine advanced            
technology with personalized services that enable people to stay close to what  
matters to them. Every day, more than 1.3 billion people connect to one another 
with a Nokia device - from mobile phones to advanced smartphones and            
high-performance mobile computers. Today, Nokia is integrating its devices with 
innovative services through Ovi (www.ovi.com), including music, maps, apps,     
email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and 
navigation services, while Nokia Siemens Networks provides equipment, services  
and solutions for communications networks globally.     
FORWARD-LOOKING STATEMENTS                                                      
It should be noted that certain statements herein which are not historical
facts are forward-looking statements, including, without limitation, those
regarding: A) the timing of the deliveries of our products and services and
their combinations; B) our ability to develop, implement and commercialize new
technologies, products and services and their combinations; C) expectations
regarding market developments and structural changes; D) expectations and
targets regarding our industry volumes, market share, prices, net sales and
margins of products and services and their combinations; E) expectations and
targets regarding our operational priorities and results of operations; F) the
outcome of pending and threatened litigation; G) expectations regarding the
successful completion of acquisitions or restructurings on a timely basis and
our ability to achieve the financial and operational targets set in connection
with any such acquisition or restructuring; and H) statements preceded by"believe,""expect,""anticipate,""foresee,""target,""estimate,""designed,""plans,""will" or similar expressions. 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) the
competitiveness and quality of our portfolio of products and services and their
combinations; 2) our ability to timely and successfully develop or otherwise
acquire the appropriate technologies and commercialize them as new advanced
products and services and their combinations, including our ability to attract
application developers and content providers to develop applications and
provide content for use in our devices; 3) our ability to effectively, timely
and profitably adapt our business and operations to the requirements of the
converged mobile device market and the services market; 4) the intensity of
competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in
the competitive environment; 5) the 
occurrence of any actual or even alleged defects or other quality, safety or    
security issues in our products and services and their combinations; 6) the     
development of the mobile and fixed communications industry and general economic
conditions globally and regionally; 7) our ability to successfully manage costs;
8) exchange rate fluctuations, including, in particular, fluctuations between   
the euro, which is our reporting currency, and the US dollar, the Japanese yen  
and the Chinese yuan, as well as certain other currencies; 9) the success,      
financial condition and performance of our suppliers, collaboration partners and
customers; 10) our ability to source sufficient amounts of fully functional     
components, sub-assemblies, software, applications and content without          
interruption and at acceptable prices and quality; 11) our success in           
collaboration arrangements with third parties relating to the development of new
technologies, products and services, including applications and content; 12) 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    
services and their combinations; 13) our ability to manage our inventory and    
timely adapt our supply to meet changing demands for our products; 14) 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 services and their            
combinations; 15) our ability to protect numerous Nokia, NAVTEQ and Nokia       
Siemens Networks patented, standardized or proprietary technologies from        
third-party infringement or actions to invalidate the intellectual property     
rights of these technologies; 16) the impact of changes in government policies, 
trade policies, laws or regulations and economic or political turmoil in        
countries where our assets are located and we do business; 17) any disruption to
information technology systems and networks that our operations rely on; 18) our
ability to retain, motivate, develop and recruit appropriately skilled          
employees; 19) unfavorable outcome of litigations; 20) allegations of possible  
health risks from electromagnetic fields generated by base stations and mobile  
devices and lawsuits related to them, regardless of merit; 21) our ability to   
achieve targeted costs reductions and increase profitability in Nokia Siemens   
Networks and to effectively and timely execute related restructuring measures;  
22) developments under large, multi-year contracts or in relation to major      
customers in the networks infrastructure and related services business; 23) the 
management of our customer financing exposure, particularly in the networks     
infrastructure and related services business; 24) whether ongoing or any        
additional governmental investigations into alleged violations of law by some   
former employees of Siemens AG ("Siemens") may involve and affect the           
carrier-related assets and employees transferred by Siemens to Nokia Siemens    
Networks; 25) any impairment of Nokia Siemens Networks customer relationships   
resulting from ongoing or any additional governmental investigations involving  
the Siemens carrier-related operations transferred to Nokia Siemens Networks; as
well as the risk factors specified on pages 11-32 of Nokia's annual report Form 
20-F for the year ended December 31, 2009 under Item 3D. "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      
publicly update 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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