Nokia reduces R&D operations in Japan

Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Tokyo, Japan - As part of its global efforts to align its research and development (R&D) operations to be in line with its focused portfolio of future products, Nokia will be reducing its R&D activities in Japan. As previously announced last week, Nokia plans to reduce some of its R&D activities in Finland and Denmark. Today's announcement will impact approximately 220 employees in Japan. The total number would represent slightly more than 1% of Nokia's R&D personnel globally. Nokia will continue its significant sourcing activities in Japan. Japanese manufacturers are important partners who play a critical role in Nokia's global supply-chain strategy and with whom Nokia continues to develop its world-class logistics operations. The Japanese operation of Nokia Siemens Networks, Nokia's network infrastructure business, is not affected by this announcement and continues uninterrupted. Vertu, Nokia's exclusive line of handcrafted mobile phones for the luxury market, will also continue operations in Japan unaffected by today's announcement. About Nokia Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks. Media Enquiries: Nokia Communications Tel: +358 7180 34900 Email: press.services@nokia.com www.nokia.com --- End of Message --- NOKIA P.O. Box 226<br>FIN-00045 NOKIA GROUP Espoo WKN: 870737; ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50; Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;

Companies

Nokia OYJ (0HAF)
UK 100

Latest directors dealings