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2015-10-07

NOKIA: Nokia announces planned leadership and organizational structure for combined Nokia and Alcatel-Lucent

Nokia Corporation

Stock Exchange Release
October 7, 2015 at 08:00 (CET +1)

Nokia announces planned leadership and organizational structure for combined
Nokia and Alcatel-Lucent

Espoo, Finland
- Nokia today announced the planned leadership and organizational structure
that it intends to implement after and subject to the successful closing of
the public exchange offer for Alcatel-Lucent securities announced on April
15, 2015. With this transaction, Nokia expects to create an innovation leader
in next generation technology and services for an IP connected world, and to
position the combined company to create the foundation of seamless
connectivity for people and things wherever they are.

"We are making very good progress on being ready to operate as a combined
company when the proposed exchange offer closes," said Rajeev Suri, President
and Chief Executive Officer of Nokia. "After a thorough selection process, I
am pleased to announce the company's future organizational structure and
exceptional leaders who will help chart the next steps in Nokia's
transformation."

After the closing of the exchange offer, the Networks business would be
conducted through four business groups: Mobile Networks, Fixed Networks,
Applications&Analytics and IP/Optical Networks. These business groups would
provide an end-to-end portfolio of products, software and services to enable
the combined company to deliver the next generation of leading networks
solutions and services to customers. Alongside these, Nokia Technologies
would continue to operate as a separate business group. Each business group
would have strategic, operational and financial responsibility for its
portfolio and would be fully accountable for meeting its targets. The four
Networks business groups would have a common Integration and Transformation
Office to drive synergies and to lead integration activities. The business
group leaders would report directly to Nokia's President and Chief Executive
Officer:

* Mobile Networks (MN) would include Nokia's and Alcatel-Lucent's
comprehensive Radio portfolios and most of their converged Core network
portfolios including IMS/VoLTE and Subscriber Data Management, as well as
the associated mobile networks-related Global Services business. This unit
would also include Alcatel-Lucent's Microwave business and all of the
combined company's end-to-end Managed Services business. Through the
combination of these assets, Mobile Networks would provide leading
end-to-end mobile networks solutions for existing and new platforms, as
well as a full suite of professional services and product-attached
services. The designated President of Mobile Networks would be Samih
Elhage, who currently serves as Executive Vice President and Chief
Financial and Operating Officer, Nokia Networks.
* Fixed Networks (FN) would comprise the current Alcatel-Lucent Fixed
Networks business, whose cutting-edge innovation and market position would
be further supported through strong collaboration with the other business
groups. This business group would provide copper and fiber access products
and services to offer customers ultra-broadband end-to-end solutions to
transform their networks, deploying fiber to the most economical point. The
designated President of Fixed Networks would be Federico Guillén, who
currently serves as President of Fixed Networks, Alcatel-Lucent.
* Applications&Analytics (A&A) would combine the Software and Data
Analytics-related operations of both companies. This comprehensive
applications portfolio would include Customer Experience Management, OSS as
distinct from network management such as service fulfilment and assurance,
Policy and Charging, services, Cloud Stacks, management and orchestration,
communication and collaboration, Security Solutions, network intelligence
and analytics, device management and Internet of Things connectivity
management platforms. CloudBand would also be housed in this business
group, which would drive innovation to meet the needs of a convergent,
Cloud-centric future. The designated President of Applications&Analytics
would be Bhaskar Gorti, who currently serves as President of IP Platforms,
Alcatel-Lucent.
* IP/Optical Networks (ION) would combine the current Alcatel-Lucent IP
Routing, Optical Transport and IP video businesses, as well as the software
defined networking (SDN) start-up, Nuage, plus Nokia's IP partner and
Packet Core portfolio. IP/Optical Networks would continue to drive
Alcatel-Lucent's technology leadership, building large scale IP/Optical
infrastructures for both service providers and, increasingly, web-scale and
tech-centric enterprise customers. The designated President of IP/Optical
Networks would be Basil Alwan, who currently serves as President of IP
Routing and Transport, Alcatel-Lucent.
* Nokia Technologies (TECH) would remain as a separate entity with a clear
focus on licensing and the incubation of new technologies. Nokia
Technologies would continue to have its own innovation, product development
and go-to-market operations. Ramzi Haidamus would continue in his current
role as President of Nokia Technologies.

Nokia expects to align its financial reporting under two key areas: Nokia
Technologies and the Networks business. The Networks business would comprise
the business groups of Mobile Networks, Fixed Networks,
Applications&Analytics and IP/Optical Networks. Nokia also expects to provide
selective financial data separately for each of the four Networks business
groups to ensure transparency for investors over the performance of each of
them. Nokia expects to announce further details of the new financial
reporting structure after the closing of the exchange offer.

"Our goal is to position each business group for clear leadership in its
particular market and to create a combined portfolio that provides the scope
and scale our customers expect, underpinned by a strong focus on innovation,
quality and superb execution," explained Suri. "We aim for all our business
groups to be innovation leaders, drawing on the combined company's
unparalleled R&D capabilities to deliver leading products and services for
our customers, and ultimately ensure the company's long-term value creation."

The combined company is expected to have a common sales organization across
the business groups, except for Nokia Technologies. In addition, effective
after the closing of the exchange offer, there would be six additional unit
leaders within the combined company, who would report directly to the
President and CEO:

* Timo Ihamuotila, currently Executive Vice President and Group Chief
Financial Officer, Nokia, would serve asChief Financial Officer (CFO). He
would be responsible for all finance activities and would oversee effective
and systematic performance management, external and internal reporting, and
capital allocation processes. In addition, he would be responsible for
investor relations, the execution of mergers&acquisitions and treasury.
* Ashish Chowdhary, currently Chief Business Officer, Nokia Networks, would
serve asChief Customer Operations Officer (CCOO). He would lead the global
Customer Operations organization, which would be responsible for customer
interactions and sales across all business groups. Customer Operations
would be organized by seven markets globally and act as the single
interface for telecommunication and enterprise customers across all
products and services. Customer Operations would drive strong business
momentum across the business groups and deliver unparalleled customer
service to position Nokia as the world's leading telecom vendor.
* Marc Rouanne, currently Executive Vice President, Mobile Broadband, Nokia
Networks, would serve asChief Innovation&Operating Officer (CIOO). He would
have two primary roles: innovation and operations, and all activities
impacting operative transversal functions would be housed in this unit. He
would drive cutting-edge innovation at internet speed throughout Nokia,
using the power of Bell Labs and FutureWorks to shape Nokia's vision across
the business groups. The CIOO would also drive the combined company's
digital agenda through IT and Cloud in order to create an agile and
collaborative environment for the company's world class engineers. He would
manage quality, information security, manufacturing and supply chain
operations, as well as units like real estate, data centers and
laboratories. The CIOO would be responsible for global procurement, the
end-to-end transformation and integration of the combined company, and
would work with the CFO to drive performance management across the company.

* Hans-Jürgen Bill, currently Executive Vice President, Human Resources,
Nokia, would serve asChief Human Resources Officer (CHRO). He would be
responsible for leadership and talent development, recruitment and all
human resources guidelines, as well as compensation and benefits policies
for the company. Human Resources would play a crucial role in developing a
diverse, international environment and entrepreneurial spirit within the
combined company.
* Kathrin Buvac, currently Vice President, Corporate Strategy, Nokia
Networks, would serve asChief Strategy Officer (CSO). She would be
responsible for setting Nokia's corporate strategy and long-term strategic
direction, market and competitor intelligence, corporate development -
including the prioritization of M&A targets across the company, in
conjunction with the CFO - and strategic partnerships at group level. She
would also steer and integrate the business group strategy and business
development teams, as well as the CIOO innovation team, to ensure
consistent execution of the company's strategy. In line with our vision of
the Programmable World, she would also oversee Nokia's strategy for the
Internet of Things.
* Barry French, currently Chief Marketing Officer and Executive Vice
President, Marketing and Corporate Affairs, Nokia, would serve asChief
Marketing Officer (CMO) and would oversee the Marketing&Corporate Affairs
unit. The responsibilities of the unit would include regional and corporate
marketing, internal and external communications, government relations,
corporate social responsibility, employee health and safety, and
custodianship and management of the Nokia brand. He would also set the
overall direction for the business groups' product marketing.
* Maria Varsellona, currently Executive Vice President and Chief Legal
Officer, Nokia, would serve asChief Legal Officer (CLO). She would be
responsible for overseeing and managing all legal, contracting, corporate
governance, ethics and compliance matters across Nokia globally, as well as
advising the P...

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