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2015-04-15

NOKIA: Nokia has initiated a review of strategic options for its HERE business

Nokia has initiated a review of strategic options for its HERE business

Nokia Corporation
Stock Exchange Release
April 15, 2015 at 08:05 (CET +1)

Espoo, Finland - Nokia today announces that it has initiated a review of
strategic options, including a potential divestment, for its HERE business.
HERE is a leader in navigation, mapping and location intelligence.

Nokia today also announced a proposed combination with Alcatel-Lucent. The
Board of Directors of Nokia believes this is the right moment to assess the
position of HERE within the proposed new Nokia business.

The strategic review of HERE is on-going and it may or may not result in any
transaction. Any further announcements about HERE will be made as
appropriate.

Forward-looking Statements

This press release contains forward-looking statements, such as statements
that relate to a potential combination involving Alcatel-Lucent, assessment
of HERE and a potential transaction involving HERE. Some of these
forward-looking statements can be identified by terms and phrases such as
"believe," "would," "will," "may" and similar expressions. These statements
are based on current decisions and plans and currently known factors.These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control, which could cause actual
results to differ materially from such statements.Risks and uncertainties
include: the impact of the potential combination involving Alcatel-Lucent;
the performance of the global economy; the capacity for growth in navigation,
mapping and location intelligence; the effect of changes in governmental
regulations, as well as other risk factors listed from time to time in
Nokia's and Alcatel-Lucent's filings with the U.S. Securities and Exchange
Commission.

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.

About HERE

HERE, a Nokia company, is a leader in navigation, mapping and location
experiences. We build high-definition (HD) maps and combine them with cloud
technology to enable rich, real-time location experiences in a broad range of
connected devices - from smartphones and tablets to wearables and vehicles.
Leading brands including BMW, Daimler, Microsoft, Samsung and Toyota trust
HERE to provide mapping services for their customers. To learn more,
including our work in the areas of connected and autonomous driving,
visithttp://360.here.com.
Media
Enquiries
:
Nokia
Communications
Tel. +358 (0) 10 448 4900
Email:press.services@nokia.com

HERE Communications

press@here.com
https://company.here.com/newsroom/contacts/

Brunswick

Tel. +44 207 404 5959
Tel. +49 89 80990250

Investor Enquiries:

Nokia
Investor Relations
Tel. +358 4080 3 4080
Email:investor.relations@nokia.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

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