Nokia - Changes board/management/auditors

Nokia confirms the composition of the Board of Directors and announces the composition of the Board Committees and the new Group Leadership Team

Nokia Corporation
Stock Exchange Release
January 8, 2016 at 18:15 (CET +1)

Nokia  confirms  the  composition  of  the  Board of Directors and announces the
composition of the Board Committees and the new Group Leadership Team

Espoo,  Finland - Nokia today confirms the composition of the Board of Directors
and  announces  the  composition  of  the  Board  Committees  and  the new Group
Leadership  Team  following  the  successful  public exchange offer for Alcatel-
Lucent securities.

Members of the Board of Directors confirmed and Board Committee members elected
In  accordance with the resolutions passed  at the Extraordinary General Meeting
on  December  2, 2015, and  following  the  successful public exchange offer for
Alcatel-Lucent  securities,  Nokia's  Board  of  Directors  consists of ten (10)
members.  The new members of the Board of Directors are Louis R. Hughes, Jean C.
Monty  and Olivier  Piou. Elizabeth  Doherty, who  was a  member of the Board of
Directors  until the successful closing of the exchange offer for Alcatel-Lucent
securities, has stepped down from the Board of Directors.

As previously announced, Risto Siilasmaa continues as the Chairman of the Board.
In  the Board  of Directors'  assembly meeting,  the Board  of Directors elected
Olivier  Piou as Vice Chairman of the Board. The Nokia Board of Directors, for a
term  ending at the close  of the Annual General  Meeting in 2016, comprises the
following members:

  * Risto Siilasmaa (Chairman);
  * Olivier Piou (Vice Chairman);
  * Vivek Badrinath;
  * Bruce Brown;
  * Louis Hughes,
  * Simon Jiang;
  * Jouko Karvinen;
  * Jean Monty;
  * Elisabeth Nelson; and
  * Kari Stadigh.

The  Board of Directors also elected the  members of the Board Committees. Bruce
Brown  was elected as Chairman and Simon Jiang, Olivier Piou and Kari Stadigh as
members  of the Personnel Committee. Jouko  Karvinen was elected as Chairman and
Vivek Badrinath, Louis Hughes, Jean Monty and Elizabeth Nelson as members of the
Audit  Committee. Risto Siilasmaa was elected as Chairman and Bruce Brown, Jouko
Karvinen,  Olivier Piou and Kari Stadigh  as members of the Corporate Governance
and Nomination Committee.

The resumés of the members of the Board of Directors are available at
http://company.nokia.com/en/about-us/corporate-governance/board-of-
directors/meet-the-board.
Nokia Group Leadership Team elected
Following   the  previously  announced  planned  leadership  structure  and  the
successful  public  exchange  offer  for  Alcatel-Lucent securities, Nokia today
announced  the new composition  of its Group  Leadership Team, chaired by Rajeev
Suri.  The Nokia  Group Leadership  Team comprises  the following  thirteen (13)
members;  the President  and Chief  Executive Officer,  five (5)  business group
leaders and seven (7) unit leaders:

  * Rajeev Suri, President and Chief Executive Officer;

  * Samih Elhage, President of Mobile Networks;
  * Federico Guillén, President of Fixed Networks;
  * Basil Alwan, President of IP/Optical Networks;
  * Bhaskar Gorti, President of Applications & Analytics;
  * Ramzi Haidamus, President of Nokia Technologies;

  * Timo Ihamuotila, Chief Financial Officer;
  * Hans-Jürgen Bill, Chief Human Resources Officer;
  * Kathrin Buvac, Chief Strategy Officer;
  * Ashish Chowdhary, Chief Customer Operations Officer;
  * Barry French, Chief Marketing Officer;
  * Marc Rouanne, Chief Innovation & Operating Officer; and
  * Maria Varsellona, Chief Legal Officer.

Further  information  on  the  members  of  the  Nokia  Group Leadership Team is
available at
http://company.nokia.com/en/about-us/corporate-governance/nokia-group-
leadership-team.

Alcatel-Lucent transaction
As  previously announced and following the  successful public exchange offer for
Alcatel-Lucent  securities, Nokia  and Alcatel-Lucent  are proceeding with their
integration plans. The Boards of Directors of Nokia and, after having received a
positive  recommendation by  its Independent  Directors Committee,  the Board of
Directors  of Alcatel-Lucent, have unanimously  approved two services agreements
to  implement such integration plans, which  were entered into between Nokia and
Alcatel-Lucent today.

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. www.nokia.com

ENQUIRIES

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

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

IMPORTANT ADDITIONAL INFORMATION

This stock exchange release relates to the public exchange offer by Nokia to
exchange all of the ordinary shares, American Depositary Shares ("ADSs") and
convertible securities issued by Alcatel Lucent for new ordinary shares and ADSs
of Nokia. This stock exchange release is for informational purposes only and
does not constitute an offer to purchase or exchange, or a solicitation of an
offer to sell or exchange, any ordinary shares, ADSs or convertible securities
of Alcatel Lucent, nor is it a substitute for the Registration Statement on Form
F-4 (Registration No. 333- 206365) (the "Registration Statement"), the Schedule
TO, the Solicitation / Recommendation Statement on Schedule 14D-9 filed with the
SEC, the listing prospectus and listing prospectus supplement of Nokia filed
with the Finnish Financial Supervisory Authority or Nokia's offer document (note
d'information) and Alcatel Lucent's response document (note en réponse) filed
with the Autorité des marchés financiers (the "AMF") (including the letter of
transmittal and related documents and as amended and supplemented from time to
time, the "Exchange Offer Documents"). No offering of securities shall be made
in the United States except by means of a prospectus meeting the requirements of
Section 10 of the U.S. Securities Act of 1933. The exchange offer is being made
only through the Exchange Offer Documents.

The making of the exchange offer to specific persons who are residents in or
nationals or citizens of jurisdictions outside France or the United States or to
custodians, nominees or trustees of such persons (the "Excluded Shareholders")
may be made only in accordance with the laws of the relevant jurisdiction. It is
the responsibility of the Excluded Shareholders wishing to accept an exchange
offer to inform themselves of and ensure compliance with the laws of their
respective jurisdictions in relation to the exchange offer. The tender offer is
being made only through the Exchange Offer Documents.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE EXCHANGE OFFER DOCUMENTS
AND ALL OTHER RELEVANT DOCUMENTS THAT NOKIA OR ALCATEL-LUCENT HAS FILED OR MAY
FILE WITH THE SEC, AMF, NASDAQ HELSINKI OR FINNISH FINANCIAL SUPERVISORY
AUTHORITY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION
THAT INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION
REGARDING THE EXCHANGE OFFER.

The information contained in this stock exchange release must not be published,
released or distributed, directly or indirectly, in any jurisdiction where the
publication, release or distribution of such information is restricted by laws
or regulations. Therefore, persons in such jurisdictions into which these
materials are published, released or distributed must inform themselves about
and comply with such laws or regulations. Nokia and Alcatel Lucent do not accept
any responsibility for any violation by any person of any such restrictions.

The Exchange Offer Documents and other documents referred to above, if filed or
furnished by Nokia or Alcatel Lucent with the SEC, as applicable, are available
free of charge at the SEC's website (www.sec.gov).

Nokia's offer document (note d'information) and Alcatel Lucent's response
document (note en réponse), containing detailed information with regard to the
exchange offer, are available on the websites of the AMF (www.amf-france.org),
Nokia (www.nokia.com) and Alcatel Lucent (www.alcatel-lucent.com).

[HUG#1977661]