Stephanie Werner appointed Chief Human Resources Officer and a member of the Nokia Group Leadership team as Hans-Jrgen Bill retires

Stephanie Werner appointed Chief Human Resources Officer and a member of the Nokia Group Leadership team as Hans-J rgen Bill retires

Nokia Corporation

Stock Exchange Release

December 12, 2019 at 9.30 (CET +1)

Stephanie Werner appointed Chief Human Resources Officer and a member of the Nokia Group Leadership team as Hans-J rgen Bill retires

Espoo, Finland - Nokia today announced the appointment of Stephanie Werner, as Chief Human Resources Officer, effective January 1, 2020. Hans-J rgen Bill, Nokia's current Chief Human Resources Officer, will retire in May 2020.

Stephanie Werner has been with Nokia since 1998 and has held various HR leadership positions in countries including China, Switzerland, Philippines, USA and Romania. She will be based in Finland.

I am pleased to be able to welcome Stephanie to take the lead on our people strategy during a critical time for Nokia, said Rajeev Suri, President and Chief Executive Officer of Nokia. She will play a key role in enabling our ongoing transformation and building a high-performance culture. I want to thank Hans-J rgen for his many contributions to Nokia and wish him all the best in his retirement. He has played a vital role in leading and renewing Nokia during challenging times.

I am excited to take on the challenge of leading human resources at Nokia, said Stephanie Werner. With the strong Nokia-team, we will continue to implement our people strategy and develop Nokia's culture towards further inclusion and high-performance.

Additional background on all current members of the GLT can be found at https://www.nokia.com/en_int/investors/corporate-governance/group-leadership-team.

About Nokia

We create the technology to connect the world. We develop and deliver the industrys only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 6.1 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.

Through our research teams, including the world-renowned Nokia Bell Labs, we are leading the world to adopt end-to-end 5G networks that are faster, more secure and capable of revolutionizing lives, economies and societies. Nokia adheres to the highest ethical business standards as we create technology with social purpose, quality and integrity. www.nokia.com.

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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. These forward-looking statements reflect Nokias current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies and growth management; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends; C) expectations and targets, and any mathematical analysis derived from such expectations and targets, regarding financial performance, results, the timing of receivables, operating expenses, taxes, currency exchange rates, hedging, cost savings and competitiveness, as well as results of operations including targeted synergies and those related to market share, prices, net sales, income and margins; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding competition within our market; market developments, general economic conditions and structural change globally and in national and regional markets, such as China; F) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services, including our short term and longer term expectations around the rollout of 5G, investment requirements with such rollout, and our ability to capitalize on such rollout; as well as the overall readiness of the 5G ecosystem; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, 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, capital structure optimization efforts, divestments and acquisitions, including our current cost savings program; L) expectations, plans or benefits related to future capital expenditures, temporary incremental expenditures or other R&D expenditures to develop or rollout of software and other new products, including 5G; M) expectation regarding our customers future capital expenditure constraints; and N) statements preceded by or including believe , expect , expectations , commit , anticipate , foresee , see , target , estimate , designed , aim , plan , intend , influence , assumption , focus , co

LINK:	https://www.nokia.com/about-us/news/releases/2019/12/12/stephanie-wern...
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