Nokia appoints Gabriela Styf Sjman as Chief Strategy Officer and member of the Nokia Group Leadership Team

Nokia appoints Gabriela Styf Sj man as Chief Strategy Officer and member of the Nokia Group Leadership Team

Nokia Corporation

Stock Exchange Release

August 22, 2019 at 09:30 (CEST +1)

Nokia appoints Gabriela Styf Sj man as Chief Strategy Officer and member of the Nokia Group Leadership Team

Espoo, Finland - Nokia today announced the appointment of Gabriela Styf Sj man, a proven technology and innovation leader, as Chief Strategy Officer and member of the Group Leadership team, effective December 1, 2019. Gabriela succeeds Kathrin Buvac as Chief Strategy Officer, who continues in the role of President of Nokia Enterprise and member of the Group Leadership Team.

Gabriela joins Nokia from Telia Company in Sweden, where she has held positions including Deputy Head of Global Services and Operations and Head of Group Networks, and most recently Vice President and Head of Group Network Services and Operations. In that role she was responsible for technology strategy, architecture, design, delivery and operations for Fixed and Mobile Networks, as well as strategy execution for 5G Readiness for Telia Company Nordics and Baltics.

We are delighted to welcome Gabriela to Nokia at a pivotal moment in our 5G journey. She brings a wealth of international knowledge and a deep understanding of our industry, its customers and technologies, said Rajeev Suri, President and Chief Executive Officer of Nokia. Her insight will be critical in refining our strategy for the future. I also want to thank Kathrin, who has continued to lead our strategy organization in addition to her role as President of Nokia Enterprise since January this year.

I am excited to join Nokia at such a pivotal time, said Gabriela. With its broad portfolio and innovative technology, Nokia is well positioned to help its customers realize the full potential of 5G, and I look forward to being part of further strengthening Nokia in this 5G journey .

Before joining Telia Company in 2017, Gabriela spent two years with Telecom Italia in Rome as Vice President, Engineering and Telecom Italia Group Labs, following more than ten years at Ericsson in a variety of senior roles in China, Germany and the US.

A true global citizen, Gabriela is multicultural with a Mexican mother and a Swedish father. Having grown up in Mexico, the US, the former Czechoslovakia and Sweden, she studied Basic Law, Political Science and International Relations at the University of Uppsala, Sweden and holds an MBA from Durham University, UK.

Gabriela will be based in Espoo, Finland and will report to President and Chief Executive Officer, Rajeev Suri.

With this appointment, Nokias Group Leadership Team will consist of the following members: Rajeev Suri, Nassib Abou-Khalil, Basil Alwan, Hans-Juergen Bill, Kathrin Buvac, Ricky Corker, Joerg Erlemeier, Barry French, Sanjay Goel, Bhaskar Gorti, Federico Guill n, Jenni Lukander, Sandra Motley, Kristian Pullola, Sri Reddy, Gabriela Styf Sj man, Tommi Uitto and Marcus Weldon.

Additional background on all current members of the GLT can be found at http://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 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 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 and our ability to capitalize on such rollout; and the o

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