Nokia - Company Announcement

Nokia and HTC signed a patent and technology collaboration agreement

All patent litigation between the companies dismissed

Nokia Corporation
Stock Exchange Release
February 10, 2014 at 09:05 (CET +1)

Espoo, Finland - Nokia and HTC have settled all pending patent litigation
between them, and entered into a patent and technology collaboration agreement.
HTC will make payments to Nokia and the collaboration will involve HTC's LTE
patent portfolio, further strengthening Nokia's licensing offering. The
companies will also explore future technology collaboration opportunities. The
full terms of the agreement are confidential. "We are very pleased to have reached a settlement and collaboration agreement
with HTC, which is a long standing licensee for Nokia's standards essential
patents," said Paul Melin, chief intellectual property officer at Nokia. "This
agreement validates Nokia's implementation patents and enables us to focus on
further licensing opportunities.""Nokia has one of the most preeminent patent portfolios in the industry," said
Grace Lei, General Counsel of HTC. "As an industry pioneer in smartphones with
a strong patent portfolio, HTC is pleased to come to this agreement, which will
enable us to stay focused on innovation for consumers."

NOTE: This stock exchange release includes identical information as the release
issued by Nokia as a press release on February 7, 2014. 

FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its business 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)
the planned sale by Nokia of substantially all of Nokia's Devices & Services
business, including Smart Devices and Mobile Phones (referred to below as "Sale
of the D&S Business") pursuant to the Stock and Asset Purchase Agreement, dated
as of September 2, 2013, between Nokia and Microsoft International Holdings
B.V.(referred to below as the "Agreement"); B) the closing of the Sale of the
D&S Business; C) receiving timely, or at all, necessary regulatory approvals
for the Sale of the D&S Business; D) expectations, plans or benefits related to
or caused by the Sale of the D&S Business; E) expectations, plans or benefits
related to Nokia's strategies, including plans for Nokia with respect to its
continuing businesses that will not be divested in connection with the Sale of
the D&S Business; F) expectations, plans or benefits related to changes in
leadership and operational structure; G) expectations and targets regarding our
operational priorities, financial performance or position, results of
operations and use of proceeds from the Sale of the D&S Business; H) the timing
of the deliveries of our products and services; I) our ability to innovate,
develop, execute and commercialize new technologies, products and services; J)
expectations regarding market developments and structural changes; K)
expectations and targets regarding performance, including those related to
market share, prices, net sales and margins of products and services; L)
expectations and targets regarding collaboration and partnering arrangements;
M) the outcome of pending and threatened litigation, regulatory proceedings or
investigations by authorities; N) expectations regarding the successful
completion of restructurings, investments, acquisitions and divestments on a
timely basis and our ability to achieve the financial and operational targets
set in connection with any such restructurings, investments, divestments and
acquisitions, as well as any expected plans and benefits related to or caused
by such transactions; and O) statements preceded by "believe,""expect,""anticipate,""foresee,""sees,""target,""estimate,""designed,""aim","plans,""intends,""focus,""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, including risks and uncertainties that could cause
these differences include, but are not limited to: 1) the inability to close
the Sale of the D&S Business in a timely manner, or at all, for instance due to
the inability or delays in obtaining necessary regulatory approvals for the
Sale of the D&S Business, or the occurrence of any event, change or other
circumstance that could give rise to the termination of the Agreement; 2) the
potential adverse effect on the sales of our mobile devices, business
relationships, operating results and business generally resulting from the
announcement of the Sale of the D&S Business or from the terms that we have
agreed for the Sale of the D&S Business; 3) any negative effect from the
implementation of the Sale of the D&S Business, as we may forego other
competitive alternatives for strategies or partnerships that would benefit our
Devices & Services business and if the Sale of the D&S Business is not closed,
we may have limited options to continue the Devices & Services business or
enter into another transaction on terms favorable to us, or at all; 4) our
ability to effectively and smoothly implement planned changes to our leadership
and operational structure or maintain an efficient interim governance structure
and preserve or hire key personnel; 5) any negative effect from the
implementation of the Sale of the D&S Business, including our internal
reorganization in connection therewith, which will require significant time,
attention and resources of our senior management and others within the company
potentially diverting their attention from other aspects of our business; 6)
disruption and dissatisfaction among employees caused by the plans and
implementation of the Sale of the D&S Business, reducing focus and productivity
in areas of our business; 7) the amount of the costs, fees, expenses and
charges related to or triggered by the Sale of the D&S Business; 8) any
impairments or charges to carrying values of assets or liabilities related to
or triggered by the Sale of the D&S Business; 9) potential adverse effects on
our business, properties or operations caused by us implementing the Sale of
the D&S Business; 10) the initiation or outcome of any legal proceedings,
regulatory proceedings or enforcement matters that may be instituted against us
relating to the Sale of the D&S Business; 11) Nokia Solutions and Networks'
(renamed from Nokia Siemens Networks) also referred to as NSN success in the
mobile broadband infrastructure and related services market and its ability to
effectively, profitably and timely adapt business and operations to the diverse
needs of its customers; 12) NSN's ability to maintain and improve its market
position and respond successfully to changes and competition in the mobile
broadband infrastructure and related services market; 13) NSN's success in
implementing its restructuring plan and reducing its operating expenses and
other costs; 14) NSN's ability to invest in and timely introduce new
competitive products, services, upgrades and technologies; 15) NSN's dependence
on limited number of customers and large, multi-year contracts; 16) NSN's
liquidity and its ability to meet its working capital requirements, including
access to available credit under its financing arrangements and other credit
lines as well as cash at hand; 17) the management of NSN's customer financing
exposure; 18) the success of our HERE strategy, including our ability to
establish a successful location-based platform and extend our location-based
services across devices and operating systems; 19) our ability to protect
numerous patented standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of these
technologies; 20) our ability to maintain the existing sources of intellectual
property related revenue and establish new such sources; 21) 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; 22) our ability to keep momentum and increase our
speed of innovation, product development and execution in order to bring new
innovative and competitive products and location-based or other services to the
market in a timely manner; 23) our ability to effectively and smoothly
implement the planned changes in our operational structure and achieve targeted
efficiencies and reductions in operating expenses and our ability to complete
the planned divestments and acquisition, including obtaining any needed
regulatory approvals; 24) our ability to retain, motivate, develop and recruit
appropriately skilled employees; 25) our dependence on the development of the
mobile and communications industry, including location-based and other services
industries, in numerous diverse markets, as well as on general economic
conditions globally and regionally; 26) our ability to maintain and leverage
our position and strengths, especially if we are unable retain the loyalty of
our mobile operator and distributor customers and consumers as a result of the
implementation of our strategies or other factors; 27) the performance of the
parties we partner and collaborate with and our ability to achieve successful
collaboration or partnering arrangements; 28) our ability to deliver our
products profitably, in line with quality requirements and on time, especially
if the limited number of suppliers we depend on, many of which are
geographically concentrated with a majority based in Asia, fail to deliver
sufficient quantities of fully functional products, components, sub-assemblies,
software and services on favorable terms and in compliance with our supplier
requirements; 29) 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; 30) any actual or even alleged defects
or other quality, safety and security issues in our products; 31) any
inefficiency, malfunction or disruption of a system or network that our
operations rely on; 32) the impact of cybersecurity breach or other factors
leading to an actual or alleged loss, improper disclosure or leakage of any
personal or consumer data collected by us or our partners or subcontractors,
made available to us or stored in or through our products; 33) our ability to
successfully manage the pricing of our products and services and costs related
to our products and services and our operations; 34) the potential complex tax
issues and obligations we may face, including the obligation to pay additional
taxes in various jurisdictions and our actual or anticipated performance, among
other factors, could result in allowances related to deferred tax assets; 35)
exchange rate fluctuations, particularly 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; 36) our ability to protect the
technologies, which we or others develop or which 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 product and services; 37) the impact of economic, regulatory, political or
other development on our sales, manufacturing facilities and assets located in
emerging market countries as well as the impact of regulations against imports
to those countries; 38) the impact of changes in and enforcement of government
policies, technical standards, trade policies, laws or regulations in countries
where our assets are located and where we do business; 39) investigations or
claims by contracting parties in relation to exits from countries, areas or
contractual arrangements; 40) unfavorable outcome of litigation, regulatory
proceedings or investigations by authorities; 41) allegations of possible
health risks from electromagnetic fields generated by base stations and mobile
devices, and the lawsuits and publicity related to them, regardless of merit;
42) whether ongoing or any additional governmental investigations of alleged
violations of law by some former employees of Siemens may involve and affect
the carrier-related assets and employees transferred by Siemens to Nokia
Siemens Networks (renamed Nokia Solutions and Networks); 43) any impairment of
NSN's customer relationships resulting from ongoing or any additional
governmental investigations involving the Siemens carrier-related operations
transferred to Nokia Siemens Networks (renamed Nokia Solutions and Networks),
as well as the risk factors specified on pages 12-47 of Nokia's annual report
on Form 20-F for the year ended December 31, 2012 under Item 3D. "Risk
Factors". Other unknown or unpredictable factors or underlying assumptions
subsequently proven 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. 

About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia's
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit
http://www.nokia.com/about-nokia. 

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com