Nokia launches its public exchange offer for all the outstanding shares, American depositary shares and OCEANE convertible bonds of Alcatel-Lucent

Nokia Corporation

Stock Exchange Release

November 18, 2015 at 13:45 (CET +1)

Nokia launches its public exchange offer for all the outstanding shares, American depositary shares and OCEANE convertible bonds of Alcatel-Lucent

Espoo, Finland - Following the clearance decision on Nokias public exchange offer by the French stock market authority (Autorit des March s Financiers, the AMF) on November 12, 2015, Nokia announced today that it has commenced a public exchange offer to exchange all outstanding ordinary shares (the Alcatel-Lucent Shares), American depositary shares (the Alcatel-Lucent ADSs) and OCEANE convertible bonds (the OCEANEs) of Alcatel-Lucent for Nokia shares or Nokia American depositary shares (Nokia ADSs). Nokia believes that the combined company will be better positioned to compete as a world leader in network technologies over the long-term. The boards of directors of both companies unanimously support the proposed combination.

With the launch of this public exchange offer, we are entering the final phase of our proposed acquisition of Alcatel-Lucent in a position of strength and are on track to be ready to operate as one company, said Nokia President and CEO, Rajeev Suri. The strategic logic underpinning the combination grows stronger every day and the combined company is expected to offer a long term value creation opportunity for Alcatel-Lucent shareholders and convertible bondholders. A successful public exchange offer would mark the completion of Nokias transformation to create a new leader in next generation technology and services for an IP connected world.

The financial terms of the public exchange offer are as follows:

0.5500 Nokia share for every Alcatel-Lucent Share tendered into the offer;

LINK:	http://company.nokia.com/en/news/press-releases/2015/11/18/nokia-launc...
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