Nokia - Company Announcement

Nokia plans to acquire Withings to accelerate entry into Digital Health

Nokia Corporation
Stock Exchange Release
April 26, 2016 at 9:57 (CET +1)

Nokia plans to acquire Withings to accelerate entry into Digital Health

Espoo, Finland - Nokia has announced plans to acquire Withings S.A., a pioneer
and leader in the connected health revolution with a family of award-winning
digital health products and services to help people all over the world lead
healthier, happier and more productive lives. Withings will be part of our Nokia
Technologies business.

"We have said consistently that digital health was an area of strategic interest
to Nokia, and we are now taking concrete action to tap the opportunity in this
large and important market," said Rajeev Suri, president & CEO of Nokia. "With
this acquisition, Nokia is strengthening its position in the Internet of Things
in a way that leverages the power of our trusted brand, fits with our company
purpose of expanding the human possibilities of the connected world, and puts us
at the heart of a very large addressable market where we can make a meaningful
difference in peoples' lives."

World Health Organization figures show cardiovascular disease as today's number
one cause of death, with more than a billion adults around the world living with
uncontrolled hypertension. Diabetes now affects more than one in twelve adults
worldwide, a four-fold increase since 1980. Healthcare is expected to be one of
the largest vertical markets in the Internet of Things, with analysts
forecasting that mobile health, with a CAGR of 37%, will be the fastest growing
health care segment from 2015-2020.

"Withings shares our vision for the future of digital health and their products
are smart, well designed and already helping people live healthier lives," said
Ramzi Haidamus, president of Nokia Technologies. "Combining their award-winning
products and talented people with the world-class expertise and innovation of
Nokia Technologies uniquely positions us to lead the next wave of innovation in
digital health."

The combination of innovative products from Withings and the Digital Health
business will also ensure the ongoing renewal of Nokia Technologies' world class
IPR portfolio.

Withings was founded by Chairman Eric Carreel and CEO Cedric Hutchings in 2008
and is headquartered in France, with approximately 200 employees across its
locations in Paris, France, Cambridge, US and Hong Kong. Withings' portfolio of
regulated and unregulated products includes activity trackers, weighing scales,
thermometers, blood pressure monitors, home and baby monitors and more, and is
built on a sophisticated digital health platform, providing insights to empower
people to make smarter decisions about the health and wellbeing of themselves
and their families. Withings' own products are complemented by an ecosystem of
more than a hundred compatible apps.

"Since we started Withings, our passion has been in empowering people to track
their lifestyle and improve their health and wellbeing," said Cédric Hutchings,
CEO of Withings. "We're excited to join Nokia to help bring our vision of
connected health to more people around the world."

The Nokia brand continues to be recognized, valued and trusted by consumers,
built on a heritage of beautifully designed, innovative and reliable technology
in the service of people around the world to help real human needs.

The planned transaction values Withings at EUR 170 million and would be settled
in cash and is expected to close in early Q3, 2016 subject to regulatory
approvals and customary closing conditions.

Sources:
World Health Organisation: Diabetes fact sheet; Cardiovascular diseases fact
sheet; Global Health Observatory data.
P&S Market Research, "Global Digital Health Market Size, Share, Development,
Growth and Demand Forecast to 2020." November 2015

About Nokia Technologies
Nokia Technologies is Nokia's advanced technology and licensing business. Formed
in 2014, TECH builds upon our solid foundation of industry-leading licensing and
technology R&D capabilities. By focusing on Digital Health, Digital Media, Brand
Licensing, and Patent Licensing, TECH is expanding the human possibilities of
the ever-evolving world of technology. In 2015, Nokia Technologies launched OZO,
the world's first virtual reality (VR) camera designed for professionals.

About Nokia
Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Bell Labs and Nokia Technologies, the company is at
the forefront of creating and licensing the technologies that are increasingly
at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud and
the Internet of Things. http://nokia.com

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

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


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result of new information, future events or otherwise, except to the extent
legally required.


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