Nokia - Company Announcement

Settlement of the litigation relating to Nokia's public buy-out offer and squeeze-out for Alcatel-Lucent securities

Nokia Corporation
Stock Exchange Release
December 15, 2016 at 18:30 (CET +1)

Settlement of the litigation relating to Nokia's public buy-out offer and
squeeze-out for Alcatel-Lucent securities

Espoo, Finland - Nokia announced today the settlement of the litigation relating
Nokia's public buy-out offer followed by a squeeze-out (the "Offer") for
Alcatel-Lucent securities.

The plaintiffs withdrew today the complaint they filed before the Paris Court of
Appeal on September 30, 2016 against the clearance decision of the French stock
market authority (Autorité des marchés financiers, "AMF") of September 20, 2016
regarding the Offer. Nokia has agreed to bear the costs of the proceedings. As a
result of this settlement, the earlier commitments made by Nokia as a
precautionary measure to the AMF in connection with its decision to proceed with
the squeeze-out are no longer in force. Consequently, the funds and Alcatel-
Lucent securities deposited into blocked accounts have been released to Nokia
and Nokia no longer has an obligation to maintain the integrity of the entity
Alcatel Lucent S.A.

As announced previously, Nokia owns 100% of Alcatel-Lucent securities since the
implementation of the squeeze-out on November 2, 2016.


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


About Nokia
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Powered by the innovation of Nokia 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. www.nokia.com




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