NOKIA HAS FILED A PRELIMINARY DRAFT OF ITS REGISTRATION STATEMENT ON FORM F-4 WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION RELATING TO THE PROPOSED PUBLIC EXCHANGE OFFER TO ACQUIRE ALCATEL-LUCENT

Nokia Corporation
Stock Exchange Release
August 14, 2015 at 19:15 (CET +1)

NOKIA HAS FILED A PRELIMINARY DRAFT OF ITS REGISTRATION STATEMENT ON FORM F-4 WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION RELATING TO THE PROPOSED PUBLIC EXCHANGE OFFER TO ACQUIRE ALCATEL-LUCENT

The information contained in the draft registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission on August 14, 2015 is preliminary and incomplete and the registration statement is subject to future amendments and changes before becoming effective. Please note that the statements in the registration statement on Form F-4 are presented as of the date of commencement of the proposed public exchange offer. Nokia may not complete the exchange offer and issue its securities referred to in Form F-4 until the Form F-4 registration statement filed with the U.S. Securities and Exchange Commission has become effective.

Espoo, Finland - Nokia has today filed its preliminary draft of a registration statement on Form F-4 (the "Form F-4") with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed public exchange offer to acquire Alcatel-Lucent. As announced on April 15, 2015, Nokia intends to acquire all of the equity securities issued by Alcatel-Lucent through a public exchange offer in France and in the United States whereby Alcatel-Lucent securities will be exchanged for Nokia shares or Nokia American depositary shares (the "Exchange Offer"). The Exchange Offer is comprised of a U.S. exchange offer (the "U.S. Offer") and a French exchange offer (the "French Offer"). The U.S. Offer would be made pursuant to a registration statement on Form F-4, the preliminary draft of which was filed with the SEC today, to all U.S. holders of outstanding Alcatel-Lucent ordinary shares, all U.S. holders of outstanding Alcatel-Lucent convertible bonds ("OCEANEs") and all holders of outstanding Alcatel-Lucent American depositary shares, wherever located. The French Offer would be made pursuant to the separate French offer documentation to be filed with the French Financial Market Regulator (Autorité des marchés financiers) and made available to holders of Alcatel-Lucent ordinary shares and OCEANEs who are located in France (holders of Alcatel-Lucent shares and OCEANEs located outside of France may not participate in the French Offer except if, pursuant to the local laws and regulations applicable to those holders, they are permitted to participate in the French Offer) in due course.