Change in the composition of the Nokia Group Leadership Team following the completion of the sale of HERE

Espoo, Finland - Following the completion of the sale of HERE to a consortium of leading automotive companies, Sean Fernback is no longer a member of the Nokia Group Leadership Team, effective December 5, 2015. The current members of the Nokia Group Leadership Team are: Rajeev Suri, President and Chief Executive Officer; Timo Ihamuotila, Executive Vice President and Chief Financial Officer; Samih Elhage, Executive Vice President and Chief Financial and Operating Officer of Nokia Networks; and Ramzi Haidamus, President, Nokia Technologies.

As announced on October 7, Nokia intends to implement changes to its leadership and organizational structure after and subject to the successful closing of the public exchange offer for Alcatel-Lucent securities. The planned transaction is expected to close in the first quarter of 2016.