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The information contained in this stock exchange release must not be published, released or distributed, directly or indirectly, in any jurisdiction where the publication, release or distribution of such information is restricted by laws or regulations. Nokia now targets to achieve approximately EUR million of operating cost synergies in full year , compared to its earlier target to achieve approximately EUR million of operating cost synergies in full year Each business group would be positioned for clear leadership in its particular market – with exceptional assets and unparalleled capabilities to accelerate industry innovation while creating long-term value for shareholders. A planned two-year, EUR 1. Our three businesses are leaders in their fields: These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements of Section 10 of the U.

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The tender offer is being made only through the Exchange Offer Documents. After the closing of the exchange offer, Nokia’s Networks business would be conducted through four business groups that would provide an end-to-end portfolio of products, software and services: Nokia and Alcatel Lucent do not accept any responsibility for any violation by any person of any such restrictions. Alongside these, Nokia Technologies would continue to operate as a separate business group with a clear focus on licensing and the incubation of new technologies.

The exchange offer is being made only through the Exchange Offer Documents. By combining with Alcatel-Lucent, Nokia expects to create an innovation leader in next generation technology and services for an IP connected world. The new members of the Board of Directors are Louis R.

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The Board of Directors also elected the members of the Board Committees. About Nokia Nokia alcqtel a global leader in the technologies that connect people and things.

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Nokia Networks provides broadband infrastructure, software and services; HERE provides mapping, navigation and location intelligence; and Nokia Technologies provides advanced technology development and licensing.

Nokia Group Leadership Team elected Following the previously announced planned leadership structure and the successful public exchange offer for Alcatel-Lucent securities, Nokia today announced the new composition of its Group Leadership Team, chaired by Rajeev Suri.

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Planned reduction of interest bearing liabilities of the combined company by approximately EUR 2 billion; and. A planned ordinary dividend for of at least EUR 0. No offering of securities shall be made in the Iif States except by means of a prospectus meeting the requirements of Section 10 of the U.

This stock exchange release is for informational comdatta only and does not constitute an offer to purchase or exchange, or a solicitation of an offer to sell or ocmdata, any ordinary shares, ADSs or convertible securities of Alcatel Lucent, nor is it a substitute for the Alatel Statement on Form F-4 Registration No. This program would consist of approximately EUR 4 billion in shareholder distributions and approximately EUR 3 billion of de-leveraging.

The associated restructuring costs are expected to be slightly higher than EUR million, and the related cash outflow is expected to be approximately EUR million.

Securities Act of I believe that our performance, combined with the announcement of a new capital structure optimization program and accelerated synergy target, will give Alcatel-Lucent shareholders confidence in exchanging their securities for shares of Nokia.

Alcatel-Lucent transaction As previously announced and following the successful public exchange offer for Alcatel-Lucent securities, Nokia and Alcatel-Lucent are proceeding with their integration plans. A planned special dividend of EUR 0. Nokia Investor Relations Tel. The Exchange Offer Documents and other documents referred to above, if filed or furnished by Nokia or Alcatel Lucent with the SEC, as applicable, including the preliminary Registration Statement, are or will be available free of charge at the SEC’s website www.

Nokia and Alcatel Lucent do not accept any responsibility for any violation by any person of any such restrictions.

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No offering of securities shall be made in the United States except by means of a prospectus meeting the requirements alcagel Section 10 of the U. Members of the Board of Directors confirmed and Board Committee members elected In accordance with the resolutions passed at the Extraordinary General Meeting on December 2,and following the successful public exchange offer for Alcatel-Lucent securities, Nokia’s Board of Directors consists of ten 10 members.

A planned two-year, EUR 1.

Any forward-looking statements made in this 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, us or our business or operations. Elizabeth Doherty, who was a member of the Board of Alvatel until the successful closing of the exchange offer for Alcatel-Lucent securities, has stepped down from the Board of Directors.

The Boards of Directors of Nokia and, after having received a positive recommendation by its Independent Directors Committee, the Board of Directors comdxta Alcatel-Lucent, have unanimously approved two services agreements to implement such integration plans, which were entered into between Nokia and Alcatel-Lucent today. This target is now subject to the closing of the transaction in the first quarter Further information on the members of the Nokia Group Leadership Team is available at http: Synergy target accelerated to EUR million in On April 15,in conjunction with the announcement of the Alcatel-Lucent transaction, Nokia announced that the combined company would target approximately EUR million of annual operating cost synergies to be achieved on a full year basis in Monty and Olivier Piou.

Therefore, persons in such jurisdictions into which these materials are published, released or distributed must inform themselves about and comply with such laws or regulations.