Final result of the subsequent offer period of Nokia Solutions and Networks' tender offer for all the shares and option rights of Comptel

Nokia Corporation
Stock Exchange Release
April 24, 2017 at 12.00 (CET +1)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

Final result of the subsequent offer period of Nokia Solutions and Networks' tender offer for all the shares and option rights of Comptel

Espoo, Finland - The subsequent offer period (the "Subsequent Offer Period") under the recommended public cash tender offer by Nokia Solutions and Networks Oy (the "Offeror"), a wholly-owned indirect subsidiary of Nokia Corporation, to purchase all of the issued and outstanding shares and option rights in Comptel Corporation ("Comptel") that are not owned by Comptel or any of its subsidiaries (the "Tender Offer") commenced on April 4, 2017 and expired on April 19, 2017.

According to the final result of the Subsequent Offer Period, the shares tendered during the Subsequent Offer Period represent approximately 3.99% of all the shares and votes in Comptel (excluding the treasury shares held by Comptel). Together with the shares tendered during the actual offer period and otherwise acquired by the Offeror through market purchases, the shares acquired by the Offeror in connection with the Tender Offer represent approximately 96.95% of all the shares and votes in Comptel (excluding the treasury shares held by Comptel). In addition, approximately 7.09% of Comptel's 2014 option rights have been tendered during the Subsequent Offer Period. Together with the 2014 option rights tendered during the actual offer period, the 2014 option rights tendered in the Tender Offer represent approximately 96.43% of Comptel's 2014 option rights. All of the 2015 options rights of Comptel have been tendered in the Tender Offer.

The offer consideration for the shares and option rights validly tendered during the Subsequent Offer Period will be paid to the shareholders and holders of option rights on or about April 27, 2017 in accordance with the payment procedures described in the terms and conditions of the Tender Offer.

The Offeror's intention is to acquire all the shares and option rights in Comptel. The Offeror has on April 7, 2017 filed an application with the Redemption Committee of the Finland Chamber of Commerce to initiate compulsory redemption proceedings for the remaining Comptel shares under the Finnish Limited Liability Companies Act.