Nokia to acquire developers, technologies and intellectual property for imaging from Scalado

ESPOO, FINLAND and LUND, SWEDEN -- (Marketwire) -- 06/14/12 -- Acquisition aimed atenhancing imaging experiences for Nokia Lumia devices

Nokia is announcing plans to acquireworld-class imaging specialists as well as all technologies andintellectual propertyfrom Scalado AB.

"Nokia has been working with Scalado for more than ten years and they'vecontributed to many of our leading imaging applications," said Jo Harlow,executive vice president, Smart Devices at Nokia. "This transaction wouldenableus to combine our leadership in camera devices with their expertise inimaging,helping people move beyond taking pictures to capturing moments andemotions andthen reliving them in many different ways."

The Lund site is planned to become a key site for Nokia's imaging softwareforsmartphones, in addition to Nokia's existing locations in Espoo andTampere,Finland.

"This is a great opportunity for many of our people to show theirleadership inimaging and to continue to build its future," said Hkan Persson,chiefexecutive officer of Scalado AB. "Doing this as part of Nokia, already aleaderin mobile imaging, will reinforce the strength of the technologies andcompetences developed at Scalado. We are very excited about thisopportunity,which is a natural next step in our longstanding relationship with Nokia."

The transaction, which is subject to customary closing conditions, isexpectedto close during the third quarter of 2012. The terms of the transaction areconfidential.

About Nokia

Nokia is a global leader in mobile communications whose products havebecome anintegral part of the lives of people around the world. Every day, more than1.3billion people use their Nokia to capture and share experiences, accessinformation, find their way or simply to speak to one another. Nokia'stechnological and design innovations have made its brand one of the mostrecognized in the world. For more information, visithttp://www.nokia.com/about-nokia

Forward Looking Statements

It should be noted that certain statements herein that are not historicalfactsare forward-looking statements, including, without limitation, thoseregarding:A) the expected plans and benefits of our partnership with Microsoft tobringtogether complementary assets and expertise to form a global mobileecosystemfor smartphones; B) the timing and expected benefits of our new strategies,including expected operational and financial benefits and targets as wellaschanges in leadership and operational structure; C) the timing of thedeliveriesof our products and services; D) our ability to innovate, develop, executeandcommercialize new technologies, products and services; E) expectationsregardingmarket developments and structural changes; F) expectations and targetsregarding our industry volumes, market share, prices, net sales and marginsofour products and services; G) expectations and targets regarding ouroperationalpriorities and results of operations; H) expectations and targets regardingcollaboration and partnering arrangements; I) the outcome of pending andthreatened litigation; J) expectations regarding the successful completionofrestructurings, investments, acquisitions and divestments on a timely basisandour ability to achieve the financial and operational targets set inconnectionwith any such restructurings, investments, acquisitions and divestments;and K)statements preceded by "believe," "expect," "anticipate," "foresee,""target,""estimate," "designed," "aim", "plans," "intends," "will" or similarexpressions. These statements are based on management's best assumptionsandbeliefs in light of the information currently available to it. Because theyinvolve risks and uncertainties, actual results may differ materially fromtheresults that we currently expect. Factors that could cause thesedifferencesinclude, but are not limited to: 1) our ability to effectively and timelyimplement planned changes to our operational structure, including theplannedrestructuring measures, and to successfully complete the plannedinvestments,acquisitions and divestments in order to improve our operating model andachievetargeted efficiencies and reductions in operating expenses; 2) our successinthe smartphone market, including our ability to introduce and bring tomarketquantities of attractive, competitively priced Nokia products with WindowsPhonethat are positively differentiated from our competitors' products, bothoutsideand within the Windows Phone ecosystem; 3) our ability to make Nokiaproductswith Windows Phone a competitive choice for consumers, and together withMicrosoft, our success in encouraging and supporting a competitive andprofitable global ecosystem for Windows Phone smartphones that achievessufficient scale, value and attractiveness to all market participants; 4)thedifficulties we experience in having a competitive offering of Symbiandevicesand maintaining the economic viability of the Symbian smartphone platformduringthe transition to Windows Phone as our primary smartphone platform; 5) ourability to realize a return on our investment in next generation devices,platforms and user experiences; 6) our ability to produce attractive andcompetitive feature phones, including devices with more smartphone-likefeatures, in a timely and cost efficient manner with differentiatedhardware,software, localized services and applications; 7) the intensity ofcompetitionin the various markets where we do business and our ability to maintain orimprove our market position or respond successfully to changes in thecompetitive environment; 8) our ability to retain, motivate, develop andrecruitappropriately skilled employees; 9) the success of our Location & Commercestrategy, including our ability to maintain current sources of revenue,providesupport for our Devices & Services business and create new sources ofrevenuefrom our location-based services and commerce assets; 10) our success incollaboration and partnering arrangements with third parties, includingMicrosoft; 11) our ability to increase our speed of innovation, productdevelopment and execution to bring new innovative and competitive mobileproducts and location-based or other services to the market in a timelymanner;12) our dependence on the development of the mobile and communicationsindustry,including location-based and other services industries, in numerous diversemarkets, as well as on general economic conditions globally and regionally;13)our ability to protect numerous patented standardized or proprietarytechnologies from third-party infringement or actions to invalidate theintellectual property rights of these technologies; 14) our ability tomaintainand leverage our traditional strengths in the mobile product market if weareunable to retain the loyalty of our mobile operator and distributorcustomersand consumers as a result of the implementation of our strategies or otherfactors; 15) the success, financial condition and performance of oursuppliers,collaboration partners and customers; 16) our ability to manage efficientlyourmanufacturing and logistics, as well as to ensure the quality, safety,securityand timely delivery of our products and services; 17) our ability to sourcesufficient amounts of fully functional quality components, sub-assemblies,software and services on a timely basis without interruption and onfavorableterms; 18) our ability to manage our inventory and timely adapt our supplytomeet changing demands for our products; 19) any actual or even allegeddefectsor other quality, safety and security issues in our product; 20) the impactof acybersecurity breach or other factors leading to any actual or allegedloss,improper disclosure or leakage of any personal or consumer data collectedby usor our partners or subcontractors, made available to us or stored in orthroughour products; 21) our ability to successfully manage the pricing of ourproductsand costs related to our products and operations; 22) exchange ratefluctuations, including, in particular, fluctuations between the euro,which isour reporting currency, and the US dollar, the Japanese yen and the Chineseyuan, as well as certain other currencies; 23) our ability to protect thetechnologies, which we or others develop or that we license, from claimsthat wehave infringed third parties' intellectual property rights, as well as ourunrestricted use on commercially acceptable terms of certain technologiesin ourproducts and services; 24) the impact of economic, political, regulatory orother developments on our sales, manufacturing facilities and assetslocated inemerging market countries; 25) the impact of changes in governmentpolicies,trade policies, laws or regulations where our assets are located and wherewe dobusiness; 26) the potential complex tax issues and obligations we may incurtopay additional taxes in the various jurisdictions in which we do business;27)any disruption to information technology systems and networks that ouroperations rely on; 28) unfavorable outcome of litigations; 29)allegations ofpossible health risks from electromagnetic fields generated by basestations andmobile products and lawsuits related to them, regardless of merit; 30)NokiaSiemens Networks ability to implement its new strategy and restructuringplaneffectively and in a timely manner to improve its overall competitivenessandprofitability; 31) Nokia Siemens Networks' success in thetelecommunicationsinfrastructure services market and Nokia Siemens Networks' ability toeffectively and profitably adapt its business and operations in a timelymannerto the increasingly diverse service needs of its customers; 32) NokiaSiemensNetworks' ability to maintain or improve its market position or respondsuccessfully to changes in the competitive environment; 33) Nokia SiemensNetworks' liquidity and its ability to meet its working capitalrequirements;34) Nokia Siemens Networks' ability to timely introduce new competitiveproducts, services, upgrades and technologies; 35) Nokia Siemens Networks'ability to execute successfully its strategy for the acquired MotorolaSolutionswireless network infrastructure assets; 36) developments under large,multi-yearcontracts or in relation to major customers in the networks infrastructureandrelated services business; 37) the management of our customer financingexposure, particularly in the networks infrastructure and related servicesbusiness; 38) whether ongoing or any additional governmental investigationsintoalleged violations of law by some former employees of Siemens may involveandaffect the carrier-related assets and employees transferred by Siemens toNokiaSiemens Networks; and 39) any impairment of Nokia Siemens Networks customerrelationships resulting from ongoing or any additional governmentalinvestigations involving the Siemens carrier-related operations transferredtoNokia Siemens Networks, as well as the risk factors specified on pages13-47 ofNokia's annual report on Form 20-F for the year ended December 31, 2011underItem 3D. "Risk Factors." Other unknown or unpredictable factors orunderlyingassumptions subsequently proving to be incorrect could cause actual resultstodiffer materially from those in the forward-looking statements. Nokia doesnotundertake any obligation to publicly update or revise forward-lookingstatements, whether as a result of new information, future events orotherwise,except to the extent legally required.

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Source: NOKIA via Thomson Reuters ONE

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Source: NOKIA