Nokia - Company Announcement

Nokia informed that Final Award in arbitration with Samsung expected to be provided by the end of January 2016

Nokia Corporation
Stock Exchange Release
December 17, 2015 at 08:00 (CET +1)

Nokia  informed  that Final  Award  in  arbitration  with Samsung expected to be
provided by the end of January 2016

Espoo,  Finland - In November 2013, Nokia  announced the extension of the patent
license  agreement  between  Nokia  and  Samsung  for  five  years  from January
1, 2014, with the parties entering into binding arbitration to settle the amount
of additional compensation payable to Nokia.

The  Secretariat of the International  Court of Arbitration of the International
Chamber  of Commerce has advised that the Final Award is expected to be provided
to the parties by the end of January 2016.

About Nokia
By focusing on the human possibilities of technology, Nokia embraces the
connected world to help people thrive. Our businesses are leaders in their
respective fields: Nokia Networks provides broadband infrastructure, software
and services; and Nokia Technologies provides advanced technology development
and licensing. www.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

RISKS AND FORWARD-LOOKING STATEMENTS
Nokia and its businesses are exposed to various risks and uncertainties. Certain
statements included in this announcement are not historical facts but are
forward-looking statements. These statements include, without limitation,
statements regarding the expected outcome of pending and threatened litigation,
arbitration, disputes, regulatory proceedings or investigations by authorities
and other judicial bodies, as well as statements preceded by or including the
word "expect," and  similar expressions. 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
such differences include, but are not limited to, the outcome of the binding
arbitration with Samsung expected in 2016, as well as the risk factors specified
on pages 74 to 89 of Nokia's latest annual report on Form 20-F under "Operating
and Financial Review and Prospects-Risk factors", in our interim reports issued
on April 30, 2015, July 30, 2015, October 29, 2015 and as disclosed in our
filings with the U.S. Securities and Exchange Commission. 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.


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