Settlement of the litigation relating to Nokia s public buy-out offer and squeeze-out for Alcatel-Lucent securities

Nokia Corporation

Stock Exchange Release

December 15, 2016 at 18:30 (CET +1)

Settlement of the litigation relating to Nokias public buy-out offer and squeeze-out for Alcatel-Lucent securities

Espoo, Finland - Nokia announced today the settlement of the litigation relating Nokias public buy-out offer followed by a squeeze-out (the Offer) for Alcatel-Lucent securities.

The plaintiffs withdrew today the complaint they filed before the Paris Court of Appeal on September 30, 2016 against the clearance decision of the French stock market authority (Autorit des march s financiers, AMF) of September 20, 2016 regarding the Offer. Nokia has agreed to bear the costs of the proceedings. As a result of this settlement, the earlier commitments made by Nokia as a precautionary measure to the AMF in connection with its decision to proceed with the squeeze-out are no longer in force. Consequently, the funds and Alcatel-Lucent securities deposited into blocked accounts have been released to Nokia and Nokia no longer has an obligation to maintain the integrity of the entity Alcatel Lucent S.A.

As announced previously, Nokia owns 100% of Alcatel-Lucent securities since the implementation of the squeeze-out on November 2, 2016.

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