Nokia lowers Devices & Services first quarter 2012 outlook and provides second quarter 2012 outlook - Seite 3

in the near term and plans to bring new products to market in the second quarter
2012.
- Nokia will accelerate planned cost reductions and will pursue additional
significant structural actions if and when necessary.

"We are continuing to increase the clock speed of the company, " said Stephen
Elop, President and CEO of Nokia. "The change is tangible, and we are proud of
the way Nokia employees are quickly responding to the needs of consumers and
partners."

Nokia will provide full first quarter results and more details when it reports
its first quarter 2012 results on April 19, 2012.

Nokia will be hosting a conference call today at 13:30 UK time (8:30 EST). The
dial-in number for media (listen only - the question and answer session will be
limited to financial analysts and investors only) is [phone]. Conference
ID: 67681834.

The dial-in number for financial analysts and investors is US: [phone].
Conference ID: 67681834. UK: [phone]. Conference ID: 67997871.

A replay of the call will be available soon after the call completion. The
replay number is US: [phone].  Conference ID: 67681834. UK:
[phone]. Conference ID: 67997871.

About Nokia
Nokia is a global leader in mobile communications whose products have become an
integral part of the lives of people around the world. Every day, more than 1.3
billion people use their Nokia to capture and share experiences, access
information, find their way or simply to speak to one another. Nokia´s
technological and design innovations have made its brand one of the most
recognized in the world. For more information, visit http://www.nokia.com/about-
nokia

Forward-looking statements
It should be noted that certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) the expected plans and benefits of our partnership with Microsoft to bring
together complementary assets and expertise to form a global mobile ecosystem
for smartphones; B) the timing and expected benefits of our new strategies,
including expected operational and financial benefits and targets as well as
changes in leadership and operational structure; C) the timing of the deliveries
of our products and services; D) our ability to innovate, develop, execute and
commercialize new technologies, products and services; E) expectations regarding
market developments and structural changes; F) expectations and targets
regarding our industry volumes, market share, prices, net sales and margins of
our products and services; G expectations and targets regarding our operational
priorities and results of operations; H) expectations and targets regarding