Nokia - Company Announcement

Nokia has initiated a review of strategic options for its HERE business

Nokia has initiated a review of strategic options for its HERE business

Nokia Corporation
Stock Exchange Release
April 15, 2015 at 08:05 (CET +1)

Espoo, Finland - Nokia today announces that it has initiated a review of
strategic options, including a potential divestment, for its HERE business. HERE
is a leader in navigation, mapping and location intelligence.

Nokia today also announced a proposed combination with Alcatel-Lucent. The Board
of Directors of Nokia believes this is the right moment to assess the position
of HERE within the proposed new Nokia business.

The strategic review of HERE is on-going and it may or may not result in any
transaction. Any further announcements about HERE will be made as appropriate.


Forward-looking Statements

This press release contains forward-looking statements, such as statements that
relate to a potential combination involving Alcatel-Lucent, assessment of HERE
and a potential transaction involving HERE. Some of these forward-looking
statements can be identified by terms and phrases such as "believe,""would,""will,""may" and similar expressions. These statements are based on current
decisions and plans and currently known factors.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.Risks and uncertainties include: the impact of the potential
combination involving Alcatel-Lucent; the performance of the global economy; the
capacity for growth in navigation, mapping and location intelligence; the effect
of changes in governmental regulations, as well as other risk factors listed
from time to time in Nokia's and Alcatel-Lucent's filings with the U.S.
Securities and Exchange Commission.

About Nokia
Nokia invests in technologies important in a world where billions of devices are
connected. We are focused on three businesses: network infrastructure software,
hardware and services, which we offer through Nokia Networks; location
intelligence, which we provide through HERE; and advanced technology development
and licensing, which we pursue through Nokia Technologies. Each of these
businesses is a leader in its respective field. http://company.nokia.com.

About HERE
HERE, a Nokia company, is a leader in navigation, mapping and location
experiences. We build high-definition (HD) maps and combine them with cloud
technology to enable rich, real-time location experiences in a broad range of
connected devices - from smartphones and tablets to wearables and vehicles.
Leading brands including BMW, Daimler, Microsoft, Samsung and Toyota trust HERE
to provide mapping services for their customers. To learn more, including our
work in the areas of connected and autonomous driving, visit
http://360.here.com.

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


HERE Communications
press@here.com
https://company.here.com/newsroom/contacts/


Brunswick
Tel. +44 207 404 5959
Tel. +49 89 80990250


Investor Enquiries:
Nokia
Investor Relations
Tel. +358 4080 3 4080
Email: investor.relations@nokia.com


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