NOKIA: Nokia appoints Ramzi Haidamus to head Nokia Technologies and as member of the Nokia Group Leadership Team

NOKIA: Nokia appoints Ramzi Haidamus to head Nokia Technologies and as member
                      of the Nokia Group Leadership Team

Nokia Corporation
Stock exchange release
July 24, 2014 at 12:35 (CET +1)

Espoo, Finland - Nokia today announced the appointment of Ramzi Haidamus, a
technology-licensing expert with proven business leadership skills and a
strong innovation background, as President of Nokia's technologies business
and member of the Group Leadership team, with effect from September 3, 2014.

A trained engineer, Haidamus has spent most of his career with Dolby
Laboratories, which he helped to grow from a USD 72 million private business
into a nearly USD 1 billion thriving public company. During his 17 years with
Dolby, he held a variety of roles, most recently with chief operating
officer-level responsibility. He has led innovation efforts, including those
related to Dolby's technological roadmaps and standards development for DVD
and BluRay. He has experience in nurturing new technologies in an
incubator-like environment and in growing new businesses, including as
President of Via Licensing Corporation, a Dolby subsidiary.

"Ramzi has the perfect blend of technology savvy, business leadership and
innovation experience to head our cutting-edge technologies business," said
Rajeev Suri, President and Chief Executive Officer of Nokia. "With Ramzi at
the head of the world-class Nokia Technologies team and our continuing
investment in advanced research and development, we are well-positioned to
drive the innovation and licensing business needed to move us closer to our
goal of technology leadership in a world where everyone and everything is
connected."

"I am honored to take on this exciting role at Nokia," said Haidamus, incoming
President of Nokia Technologies. "I relish the opportunity to head Nokia's
ground-breaking technologies business with its track record of innovation and
team of hundreds of world-class scientists and engineers. These experts have
driven more than half of Nokia's recent patent filings and are leaders in
fields that are essential for enabling the connected world."

Born in Lebanon, Haidamus moved at the age of 17 to the US, where he completed
his Bachelor's and Master's degrees in electrical engineering at the
University of the Pacific.

Henry Tirri, who has served as acting head of Nokia Technologies business
since its formation on May 1, 2014, will continue in this role until Haidamus
joins on September 3, 2014. From that date, Tirri will step down from the
Group Leadership Team and will become an advisor to Suri on technology issues.

"We are grateful to Henry for all his work for Nokia over the years and for
his willingness to lead the Nokia Technologies team during an important time
of change and transition," said Suri. "Henry has graciously agreed to support
Ramzi as he transitions into the company. Henry has unique insights into the
world of technology, and I am pleased that we will continue to benefit from
his expertise throughout this year and possibly beyond."

A photo of Ramzi Haidamus can be downloaded at: http://nokia.ly/1uhFQTS

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) expectations, plans or benefits related to Nokia's strategies;
B) expectations, plans or benefits related to future performance of Nokia's
continuing businesses Nokia Networks, HERE and Nokia Technologies; C)
expectations, plans or benefits related to changes in leadership and
operational structure; D) expectations regarding market developments, general
economic conditions and structural changes; E) expectations and targets
regarding performance, including those related to market share, prices, net
sales and margins; F) the timing of the deliveries of our products and
services; G) expectations and targets regarding our financial performance,
cost savings and competitiveness, as well as results of operations; H)
expectations and targets regarding collaboration and partnering arrangements;
I) the outcome of pending and threatened litigation, arbitration, disputes,
regulatory proceedings or investigations by authorities; J) expectations
regarding restructurings, investments, uses of proceeds from transactions,
acquisitions and divestments and our ability to achieve the financial and
operational targets set in connection with any such restructurings,
investments, divestments and acquisitions, including any expectations, plans
or benefits related to or caused by the transaction announced on September 3,
2013 where Nokia sold substantially all of the Devices & Services business to
Microsoft on April 25, 2014 ("Sale of the D&S Business"); K) statements
preceded by or including "believe," "expect," "anticipate," "foresee," "sees,"
"target," "estimate," "designed," "aim", "plans," "intends," "focus",
"continue", "project", "should", "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) our ability to execute
our strategies successfully and in a timely manner, and our ability to
successfully adjust our operations; 2) our ability to sustain or improve the
operational and financial performance of our continuing businesses and
correctly identify business opportunities or successfully pursue new business
opportunities; 3) our ability to execute Nokia Networks' strategy and
effectively, profitably and timely adapt its business and operations to the
increasingly diverse needs of its customers and technological developments; 4)
our ability within our Nokia Networks business to effectively and profitably
invest in and timely introduce new competitive high-quality products,
services, upgrades and technologies; 5) our ability to invent new relevant
technologies, products and services, to develop and maintain our intellectual
property portfolio and to maintain the existing sources of intellectual
property related revenue and establish new such sources; 6) our ability to
protect numerous patented standardized or proprietary technologies from
third-party infringement or actions to invalidate the intellectual property
rights of these technologies; 7) our ability within our HERE business to
maintain current sources of revenue, historically derived mainly from the
automotive industry, create new sources of revenue, establish a successful
location-based platform and extend our location-based services across devices
and operating systems; 8) effects of impairments or charges to carrying values
of assets, including goodwill, or liabilities; 9) our dependence on the
development of the mobile and communications industry in numerous diverse
markets, as well as on general economic conditions globally and regionally;
10) Nokia Networks business' dependence on a limited number of customers and
large, multi-year contracts; 11) our ability to retain, motivate, develop and
recruit appropriately skilled employees; 12) the potential complex tax issues
and obligations we may face, including the obligation to pay additional taxes
in various jurisdictions and our actual or anticipated performance, among
other factors, could result in allowances related to deferred tax assets; 13)
our ability to manage our manufacturing, service creation and delivery, and
logistics efficiently and without interruption, especially if the limited
number of suppliers we depend on fail to deliver sufficient quantities of
fully functional products and components or deliver timely services; 14)
potential exposure to contingent liabilities due to the Sale of the D&S
Business and possibility that the agreements we have entered into with
Microsoft may have terms that prove to be unfavorable to us; 15) any
inefficiency, malfunction or disruption of a system or network that our
operations rely on or any impact of a possible cybersecurity breach; 16) our
ability to reach targeted results or improvements by managing and improving
our financial performance, cost savings and competitiveness; 17) management of
Nokia Networks' customer financing exposure; 18) the performance of the
parties we partner and collaborate with, and our ability to achieve successful
collaboration or partnering arrangements; 19) our ability to protect the
technologies, which we develop, license, use or intend to use from claims that
we have infringed third parties' intellectual property rights, as well as,
impact of possible licensing costs, restriction on our usage of certain
technologies, and litigation related to intellectual property rights; 20) the
impact of regulatory, political or other developments on our operations and
sales in those various countries or regions where we do business; 21) exchange
rate fluctuations, particularly between the euro, which is our reporting
currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies; 22) our ability to successfully implement planned
transactions, such as acquisitions, divestments, mergers or joint ventures,
manage unexpected liabilities related thereto and achieve the targeted
benefits; 23) the impact of unfavorable outcome of litigation, arbitration,
contract related disputes or allegations of health hazards associated with our
business, as well as the risk factors specified on pages 12-35 of Nokia's
annual report on Form 20-F for the year ended December 31, 2013 under Item 3D.
"Risk Factors" and in our Interim Report issued on July 24, 2014. 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.

About Nokia
Nokia invests in technologies important in a world where billions of devices
are connected. We are focused on three businesses: network infrastructure
software, hardware and services, which we offer through Nokia Networks;
location intelligence, which we provide through HERE; and advanced technology
development and licensing, which we pursue through Nokia Technologies. Each of
these businesses is a leader in its respective field. http://company.nokia.com

Nokia Technologies develops and licenses cutting-edge innovations that are
powering the next revolution in computing and mobility: a "programmable world"
where intelligent connections bring millions of everyday objects online and
create exciting new possibilities. At the heart of Nokia Technologies is a
world-class research and development program. In partnership with leading
universities around the world, it expands on Nokia's leading role in creating
and shaping fundamental technologies and standards enabling most mobile
computing products and wireless communications used today. Our scientists,
engineers and licensing experts draw deep expertise in areas ranging from
imaging and sensing, wireless connectivity and power management, to advanced
materials and beyond.

Media Enquiries

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

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Source: NOKIA via Globenewswire
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