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2016-02-01

NOKIA: Nokia receives decision in patent license arbitration with Samsung - positive financial impact for Nokia Technologies

Nokia Corporation

Stock Exchange Release
February 1, 2016 at 08:00 (CET +1)

Nokia receives decision in patent license arbitration with Samsung - positive
financial impact for Nokia Technologies

Espoo, Finland - The International Court of Arbitration of the International
Chamber of Commerce has issued its award for the binding arbitration between
Nokia and Samsung. Nokia and Samsung had previously agreed that this would
settle the amount of additional compensation payable to Nokia for the five
year extension of their license agreement covering certain Nokia patents for
the period beginning on January 1, 2014.

This award covers part of the Nokia Technologies patent portfolio until the
end of 2018. Nokia will continue to discuss with Samsung its other relevant
intellectual property portfolios. Nokia has strong intellectual property
assets consisting of intellectual property rights in the separate Nokia
Technologies, Nokia Networks and Alcatel-Lucent portfolios, which include
patents essential for a variety of standardized technologies as well as
relevant implementation patents and proprietary technologies.

Including this award, Nokia expects Nokia Technologies to report net sales of
approximately EUR 400 million in the fourth quarter 2015 and approximately
EUR 1 020 million for the full year 2015. These numbers include catch up
revenue because the award exceeded revenue estimates already recognized with
respect to the period from January 1, 2014 through September 30, 2015.
Consistent with Nokia's outlook, Nokia Technologies net sales for the full
year 2015 are expected to increase year on year, even after excluding amounts
related to the award. Following the award, as of the end of the fourth
quarter 2015, the annualized net sales run rate for Nokia Technologies was
approximately EUR 800 million.

Nokia expects to receive at least approximately EUR 1.3 billion of cash during
years 2016 - 2018 related to its settled and ongoing arbitrations in Nokia
Technologies, including this award. Nokia has also earlier received some
related prepayments.

"The use of independent arbitration to resolve differences in patent cases is
a recognized best practice, and we welcome the additional compensation
payable to Nokia under the extended agreement," said Ramzi Haidamus,
President of Nokia Technologies. "We look forward to further collaboration
with Samsung and others in additional licensing opportunities in the mobile
communications market and beyond."

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

Media Enquiries:

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

FORWARD-LOOKING STATEMENTS

This stock exchange release contains forward-looking statements that reflect
Nokia's current expectations and views of future events and developments.
Some of these forward-looking statements can be identified by terms and
phrases such as "look forward", "expect", "will" and similar expressions.
These forward-looking statements include statements relating to: the impact
that the award will have on Nokia Technologies' financial results, Nokia's
intellectual property portfolios, the future performance of Nokia
Technologies and Nokia's future interactions with Samsung. 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. These forward-looking
statements are based on our beliefs, assumptions and expectations of future
performance, taking into account the information currently available to us.
These statements are only predictions based upon our current expectations and
views of future events and developments. Risks and uncertainties include: the
finalization of Nokia's financial statements in compliance with the relevant
rules and regulations; Nokia's ability to maintain a favorable relationship
with Samsung; and the impact on Nokia of any of the foregoing risks or
forward-looking statements, as well as other risk factors listed from time to
time in Nokia's filings with the U.S. Securities and Exchange Commission (the
"SEC") and the French Autorité des marchés financiers (the "AMF").

The forward-looking statements should be read in conjunction with the other
cautionary statements that are included elsewhere, including the Risk Factors
section of Nokia's most recent annual reports on Form 20-F, reports furnished
on Form 6-K, and any other documents that Nokia or Alcatel Lucent have filed
with the SEC or the AMF. Any forward-looking statements made in this stock
exchange release are qualified in their entirety by these cautionary
statements, and there can be no assurance that the actual results or
developments anticipated by us will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects on,
Nokia's businesses or operations. Except as required by law, we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

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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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