Nokia - Financial Calendar

Nokia Corporation updated financial calendar for 2014; Nokia receives an exemption to the publication time of its financial statements and Board’s annual review

Nokia Corporation
Stock Exchange Release
March 24, 2014 at 08:30 (CET +1)

Espoo, Finland - Nokia has received an exemption from the Finnish Financial
Supervisory Authority, in accordance with Chapter 7, Section 18 of the Finnish
Securities Markets Act, for the publication time stipulated in Chapter 7,
Section 5 of the Act. Nokia has been allowed to postpone the publication of its
financial statements and Board's annual review for the year 2013 until the end
of April 2014. Nokia plans to publish the financial statements and Board's
review in April 2014, during week 18, at the same time as it plans to file its
annual report on Form 20-F for 2013 with the US Securities and Exchange
Commission. Accordingly, Nokia provides below an updated financial calendar for
the rest of the year 2014. 

As announced earlier, Nokia's Board of Directors is conducting a strategy
evaluation for Nokia Group between signing and closing of the transaction
announced on September 3, 2013 whereby Nokia will sell substantially all of its
Devices & Services business and license its patents to Microsoft. The
transaction is expected to close in April 2014, subject to regulatory approvals
and other customary closing conditions. 

Nokia applied for the exemption mainly to enhance the possibility of being able
to reflect the closing of the transaction and the outcome of the strategy
evaluation in the financial statements and Board's annual review for the year
2013. 

Planned publication dates for interim reports
- report for Q1 2014: April 29, 2014

- report for Q2 2014 and January-June 2014: July 24, 2014

- report for Q3 2014 and January-September 2014: October 23, 2014

Publication of “Nokia in 2013” and Nokia Form 20-F 2013
Nokia plans to publish its “Nokia in 2013” annual report, which includes the
audited financial statements and the Board's annual review by the end of April
2014 during week 18. 

Nokia plans to file its annual report on Form 20-F for 2013 with the US
Securities and Exchange Commission by the end of April 2014 during week 18. 

Nokia's Annual General Meeting
Nokia's Annual General Meeting 2014 is scheduled to be held on June 17, 2014.
The Nokia Board of Directors will convene the meeting and publish the notice
and related proposals at a later date. 

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, if 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; and H)
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, 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." and risks outlined in our
fourth quarter and full year 2013 results report available for instance at
www.nokia.com/financials. Other unknown or unpredictable factors or underlying
assumptions subsequently proving 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. 



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