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2016-02-21

NOKIA: Nokia strengthens security portfolio with planned acquisition of Nakina Systems

Press Release

* The planned acquisition helps Nokia support customers facing increasing
threats coming from 5G networks, Internet of Things , Big Data, Software
Defined Networks and Cloud services
* Nokia also intends to use the planned acquisition to help customers meet
growing regulatory and legal requirements for network security
* Nakina Systems is a Canadian software company specializing in security and
orchestration software for virtual and hybrid networks
* Planned acquisition is expected to close in Q1 2016

February 21, 2016

Espoo, Finland - Nokia plans to acquire Canadian software firm Nakina Systems
("Nakina"), to reinforce its position in security at a time when customers
are bolstering their defenses to cope with the increasing demands of hyper
connectivity, new regulations and emerging technologies. The companies
previously had a five-year partnership where Nokia used Nakina's software in
several customer projects.

Security is an integral part of any network solution. Nakina would provide
Nokia with unique vendor- and technology-agnostic capabilities that allow
operators to administer, control and audit security while simplifying the way
insiders access critical network assets. With the planned acquisition, Nokia
also strengthens its ability to manage privileged identities and isolate
network security vulnerabilities.

These capabilities are important for operators wanting to protect their
networks and avert service interruptions that could damage or degrade
customer experience, cause revenue loss and/or lead to service level
agreement penalties. Nakina's main customers operate some of the world's most
demanding networks and include some of the world's largest global service
providers.

Bhaskar Gorti, President of Applications and Analytics at Nokia, said:
"The planned acquisition of Nakina is another example of the steps we are
taking to build security and privacy into our networks from the beginning. As
seventy percent of all security breaches originate from privileged insiders,
Nakina gives us the ability to address a rapidly increasing threat for our
customers."

Mary O'Neil, CEO of Nakina Systems, said:
"Nakina bridges the security and operational gaps between the promise of cloud
networks and operational realities of running high performance heterogeneous
networks. With this deal, our customers will benefit from Nokia's scale,
leading expertise and investment scope for software and applications."

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.http://nokia.com

About Nakina Systems

Nakina offers a suite of Network Integrity applications for securing and
optimizing physical and virtual networks. Nakina's applications are built
upon a Network Integrity Framework - an open and modular software platform
that abstracts network complexity, normalizes multi-vendor management, and
bridges the physical and virtual worlds for management and orchestration.
Nakina software is proven, trusted and protects the world's largest and most
important networks.https://nakinasystems.com

Media Inquiries

Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com

RISKS AND FORWARD-LOOKING STATEMENTS

It should be noted that Nokia and its businesses 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) Nokia's ability to integrate Alcatel-Lucent into its operations
and achieve the targeted business plans and benefits, including targeted
synergies in relation to the acquisition of Alcatel-Lucent announced on April
15, 2015 and closed in early 2016 ("Acquisition"); B) Nokia's ability to
squeeze out the remaining Alcatel-Lucent shareholders in a timely manner or
at all to achieve full ownership of Alcatel-Lucent; C) expectations, plans or
benefits related to Nokia's strategies; D) expectations, plans or benefits
related to future performance of Nokia's businesses; E) expectations, plans
or benefits related to changes in our management and other leadership,
operational structure and operating model, including the expected
characteristics, business, organizational structure, management and
operations following the Acquisition; F) expectations regarding market
developments, general economic conditions and structural changes; G)
expectations and targets regarding performance, including those related to
market share, prices, net sales, income and margins; H) timing of the
deliveries of our products and services; I) expectations and targets
regarding our financial performance, results, operating expenses, taxes, cost
savings and competitiveness, as well as results of operations, including
targeted synergies; J) expectations and targets regarding collaboration and
partnering arrangements, as well as the expected customer reach of Nokia
following the Acquisition; K) outcome of pending and threatened litigation,
arbitration, disputes, regulatory proceedings or investigations by
authorities; L) 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; and M) 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 the 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 such differences include, but are not limited to: 1) Nokia's
inability to achieve the targeted business and operational benefits and
synergies or disruption caused by the Alcatel-Lucent transaction, including
inability to integrate Alcatel-Lucent into Nokia operations and any negative
effect from the implementation of the combination, for instance due to the
loss of customers, loss of key executives or employees or reduced focus on
day-to-day operations and business, or negative effects caused by delays or
inability to squeeze out the remaining Alcatel-Lucent shareholders; 2) our
ability to identify market trends and business opportunities to select and
execute strategies successfully and in a timely manner, and our ability to
successfully adjust our operations and operating models; 3) our ability to
sustain or improve the operational and financial performance of our
businesses and correctly identify or successfully pursue new business
opportunities; 4) our dependence on general economic and market conditions,
including the capacity for growth in internet and technology usage; 5) our
exposure to regulatory, political or other developments in various countries
or regions; 6) 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; 7) our ability to protect our intellectual
property rights and defend against third-party infringements and claims that
we have infringed third parties' intellectual property rights ("IPR"), as
well as increased licensing costs and restrictions on our ability to use
certain technologies, and litigation related to IPR; 8) the potential complex
tax issues, tax disputes and tax obligations we may face, including the
obligation to pay additional taxes in various jurisdictions and our actual or
anticipated performance, among other factors, which could reduce our ability
to utilize deferred tax assets; 9) our ability to retain, motivate, develop
and recruit appropriately skilled employees, for instance due to possible
disruption caused by the Acquisition and related operational and other
changes; 10) the performance of the parties we partner and collaborate with,
as well as that of our financial counterparties, and our ability to achieve
successful collaboration or partnering arrangements, including any disruption
from the transaction in obtaining or maintaining the contractual
relationships; 11) 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 currencies; 12) the impact of unfavorable
outcome of litigation, arbitration, contract-related disputes or allegations
of health hazards associated with our businesses; 13) any inefficiency,
malfunction or disruption of a system or network that our operations rely on
or any impact of a possible cybersecurity breach; 14) our ability to achieve
targeted benefits from or successfully implement planned transactions, such
as acquisitions, divestments, mergers or joint ventures, and manage
unexpected liabilities related thereto; 15) our ability to manage our
operating expenses and reach targeted results through efforts aimed at
improving our financial performance, for instance through cost savings and
other efforts aimed at increased competitiveness; 16) Nokia's ability to
optimize its capital structure as planned and re-establish our investment
grade credit rating; 17) Nokia's ability to execute its strategy or to
effectively and profitably adapt its business and operations in a timely
manner to the increasingly diverse needs of its customers in the information
technology and communications industries and related services market or to
appropriately adapt to related technological developments; 18) Nokia's
ability to effectively and profitably invest in new competitive high-quality
products, services, upgrades and technologies and bring them to market in a
timely manner; 19) Nokia's dependence on a limited number of customers and
large multi-year agreements and adverse effects as a result of further
operator consolidation; 20) Nokia's ability to manage its manufacturing,
service creation and delivery, as well as our logistics efficiently and
without interruption; 21) Nokia's dependence on a limited number of
suppliers, who may fail to deliver sufficient quantities of fully functional
products and components or deliver timely services meeting it...

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