· 
Nokia Lumia 720 and Nokia Lumia 520 deliver
high-end Lumia innovation to more affordable price points

· 
Nokia 105 and the Nokia 301 add
aspirational Lumia experiences to mobile phones

· 
HERE expands its reach

· 
Developers gain access to exclusive
Nokia technology

· 
Nokia and Microsoft sharpen focus on
business customers

Barcelona,
Spain – Today at Mobile World Congress, Nokia announced plans to extend high-end
innovations to more people in more markets. Four new devices bring innovation
to new price points, while Nokia’s HERE location suite becomes available for
non-Nokia phones in the Windows Phone ecosystem. Nokia also announced new
developer partnerships that use Nokia expertise in imaging, location and
entertainment to deliver exclusive application experiences. Finally, Nokia and
Microsoft are combining their strength in the enterprise sector to bring more
business customers to Windows Phone.

”The
momentum behind Nokia is gathering pace. The launches today reflect our
commitment to broadening our devices and services portfolio to meet the demands
of people and businesses around the globe,” said Stephen Elop, President and
Chief Executive Officer of Nokia.

”By
offering better experiences at a more affordable price we are reinventing the
battle for affordable mobile devices, and Nokia has to the building blocks to
win.”

<b>Nokia Lumia 720 and Nokia Lumia 520 expand
Nokia’s Windows Phone 8 portfolio</b>

The
Nokia Lumia 720 delivers a high end camera performance at a mid-range price
point. A large f/1.9 aperture and exclusive Carl Zeiss optics are designed to deliver
bright, clear pictures day and night, while the HD-quality, wide-angle front-facing
camera makes taking pictures with friends and video calling more enjoyable. The
sleek and stylish smartphone comes with the latest high-end Nokia Lumia
experiences, including Nokia Music, the HERE location suite, and the option to
add wireless charging with a snap-on wireless charging cover.

The
Nokia Lumia 720 comes in five colors, with an estimated starting price of EUR 249
before taxes and subsidies. Rollout is planned to start in Hong Kong, Vietnam
and Singapore in Q1 2013, before continuing into broader markets in Q2, including
China as well as key markets in Europe, Asia, Africa and India.

The
Nokia Lumia 520 is Nokia’s most affordable Windows Phone 8 smartphone,
delivering experiences normally only found in high-end smartphones, such as the
same digital camera lenses found on the flagship Nokia Lumia 920, Nokia Music
for free music out of the box and even offline, and the HERE location suite. A
four inch super sensitive touchscreen makes for a more responsive and immersive
content experience than can usually be found at this price.

The
Nokia Lumia 520 comes in five colors, with an estimated starting price of EUR 139,
before taxes and subsidies. Roll-out is planned to begin in Q1 2013 in Hong
Kong and Vietnam, before expanding broadly in Q2 to markets in Europe, Asia –
including China and India – Latin America and Africa. The Nokia Lumia 520 is
also planned to roll out in the United States with T-Mobile.

Nokia
also announced that following the launch of the Nokia Lumia 920T by China
Mobile last year, the world’s biggest mobile operator would bring the Nokia
Lumia 720 and the Nokia Lumia 520 to China. Further details on exact
availability will be announced in due course.

Nokia’s
official blog, <a href="http://conversations.nokia.com/?p=113838">Nokia
Conversations</a>,
has additional information on the <a href="http://conversations.nokia.com/?p=113846">Nokia
Lumia 720</a>
and the <a href="http://conversations.nokia.com/?p=113844">Nokia
Lumia 520</a>.

<b>Nokia
105 and the Nokia 301 add aspirational Lumia experiences to mobile phones</b>

Nokia
also unveiled the Nokia 105, its most affordable phone to date, and the Nokia 301,
for more affordable Internet and email access, and camera experiences inspired
by Nokia Lumia smartphones.

The
Nokia 105 is the ideal device for the first-time phone buyer, featuring a bright
color screen with clear menus and essentials like FM radio, multiple alarm
clocks, speaking clock, a dust and splash-proof, pillowed key pad, and a
flashlight. Its durability and up to 35-day battery life also make it ideal for
people seeking a back-up device.

The
Nokia 105 is available in black and cyan for a recommended price of EUR 15. It is
planned to start rolling out in Q1 2013 &nbsp;and
is expected to be gradually expanded to in China, Egypt, India, Indonesia,
Nigeria, Russia, Vietnam and other markets in Africa, Middle East, Asia-Pacific
and Europe.

The
colorful Nokia 301 delivers elegant design and a bold color palette, with a
fast, 3.5G Internet connection and Nokia Xpress Browser preloaded for up to 90
percent more data efficiency. It is the most affordable Nokia device to offer
video streaming and also comes with new smart camera features, inspired by the
digital camera lenses on the Nokia Lumia smartphones.

The
Nokia 301 is available in cyan, black, magenta, yellow and white for a
recommended price of EUR 65. It is planned to start rolling out in Q2 2013 and is
expected to be available in more than 120 countries in Africa, Asia-Pacific,
Europe, India, Middle East and Latin America.

Nokia
Conversations has more on the <a href="http://conversations.nokia.com/?p=113840">Nokia
105</a>
and Nokia 301.

<b>HERE
expands its reach</b>

Nokia
also announced that while HERE, its new brand for location experiences, will
continue to offer first and best experiences on Lumia, HERE Maps, HERE Drive
and HERE Transit would become available for non-Nokia Windows Phone smartphones
in selected markets.

The
new HERE Maps comes with the integration of LiveSightT, Nokia’s set of
augmented-reality technologies. LiveSightT uses ”sight” as a fundamentally new
way to discover and navigate the world, recognizing what people see through
their phone’s camera and layering that view with relevant, place-based
information. LiveSightT also powers Place Tag, a new digital lens introduced
for Lumia today. Combining Nokia’s unique capabilities in location and imaging,
Place Tag adds location stamps to photos with relevant information about
pictured places.

Nokia
Conversations has more on the <a href="http://conversations.nokia.com/?p=113851">HERE
news</a>.

<b>Developers
gain access to exclusive Nokia technology</b>

Nokia
announced that with more than 130 000 applications now available on Windows
Phone, it is opening up its APIs in imaging, location and music to encourage
developers to build unique and innovative application experiences for Lumia.
New apps from Burton, GoPro and FourSquare are already taking advantage of
these opportunities, while Nokia announced a new cooperation with Dreamworks
Animations SKG. The partnership will see Dreamworks developers use Nokia APIs
to deliver rich, interactive entertainment experiences, exclusively for Nokia
devices, starting from the second half &nbsp;2013.

<b>Nokia
and Microsoft sharpen focus on business customers </b>

Finally,
Nokia and Microsoft are sharpening their focus on bringing business customers
from competitor platforms to Windows Phone using the combined strength of
Windows Phone 8 and the popular appeal of Nokia Lumia smartphones. In addition
to announcing recent business wins, Nokia confirmed operators including
Everything Everywhere, Elisa, Orange, Telstra and Vodafone are ranging Nokia
Lumia smartphones as their business hero devices.

<a href="http://www.nokia.com/global/about-nokia/">About
Nokia</a>
Nokia is a global
leader in mobile communications whose products have become an integral part of
the lives of people around the world. Every day, more than 1.3 billion people
use their Nokia to capture and share experiences, access information, find
their way or simply to speak to one another. Nokia’s technological and design
innovations have made its brand one of the most recognized in the world. For
more information, visit http://www.nokia.com/about-nokia.

Check out the current and upcoming MWC 2013 posts at&nbsp;Nokia Conversations[u].[/u]

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<b><i>FORWARD-LOOKING STATEMENTS&nbsp;</i></b><i><i>It should be noted that Nokia and its business is exposed
to various risks and uncertainties and certain statements herein that are not
historical facts are forward-looking statements, including, without limitation,
those regarding: A) the expected plans and benefits of our partnership with
Microsoft to bring together complementary assets and expertise to form a global
mobile ecosystem for smartphones; B) the timing and expected benefits of our
strategies, including expected operational and financial benefits and targets
as well as changes in leadership and operational structure; C) the timing of
the deliveries of our products and services; D) our ability to innovate,
develop, execute and commercialize new technologies, products and services; E)
expectations regarding market developments and structural changes; F)
expectations and targets regarding our industry volumes, market share, prices,
net sales and margins of our products and services; G) expectations and targets
regarding our operational priorities and results of operations; H) expectations
and targets regarding collaboration and partnering arrangements; I) the outcome
of pending and threatened litigation and regulatory proceedings; J)
expectations regarding the successful completion of&nbsp; restructurings,
investments, acquisitions and divestments on a timely basis and our ability to
achieve the financial and operational targets set in connection with any such
restructurings, investments, acquisitions and divestments; and K) statements
preceded by "believe," "expect," "anticipate,"
"foresee," "target," "estimate,"
"designed," "aim", "plans," "intends,"
"will" or similar expressions. These statements are based on
management’s best assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties, actual results
may differ materially from the results that we currently expect. Factors,
including risks and uncertainties, that could cause these differences include,
but are not limited to:&nbsp; 1) our success in the smartphone market,
including our ability to introduce and bring to market quantities of
attractive, competitively priced Nokia products that operate on the&nbsp;
Windows Phone operating system that are positively differentiated from our
competitors’ products, both outside and within the Windows Phone ecosystem; 2)
our ability to make Nokia products that operate on the Windows Phone operating
system a competitive choice for consumers, and together with Microsoft, our
success in encouraging and supporting a competitive and profitable global
ecosystem for Windows Phone products that achieves sufficient scale, value and
attractiveness to all market participants; 3) reduced demand for, and net sales
of, Nokia Lumia products that operate on the Windows Phone 7 operating system
as a result of increasing availability of Nokia Lumia products with the new
Windows Phone 8 operating system; 4) the expected continuing decline of sales
of Symbian devices and the significantly diminishing viability of the Symbian
smartphone platform; 5) our ability to produce attractive and competitive
devices in our Mobile Phones business unit including feature phones and devices
with more smartphone-like features such as full touch devices, in a timely and
cost efficient manner with differentiated hardware, software, localized
services and applications; 6) our ability to effectively and timely implement
planned changes to our operational structure, including the planned
restructuring measures, and to successfully complete the planned investments,
acquisitions and divestments in order to improve our operating model and
achieve targeted efficiencies and reductions in operating expenses as well as
our ability to accurately estimate the related restructuring charges and
restructuring related cash outflows;&nbsp; 7) our future sales performance,
among other factors, may require us to recognize allowances related to excess
component inventory, future purchase commitments and inventory write-offs&nbsp;
in our Devices & Services business;&nbsp; 8) our ability to realize a
return on our investment in next generation devices, platforms and user
experiences; 9) the intensity of competition in the various markets where we do
business and our ability to maintain or improve our market position or respond
successfully to changes in the competitive environment; 10) our ability to
retain, motivate, develop and recruit appropriately skilled employees; 11) the
success of our Location & Commerce strategy, including our ability to
establish a successful location-based platform, extend our location-based&nbsp;
services across devices and operating systems, provide support for our Devices
& Services business and create new sources of revenue from our
location-based services and commerce assets; 12) our actual performance in the
short-term and long-term could be materially different from our forecasts,
which could impact future estimates of recoverable value of our reporting units
and may result in impairment charges; 13) our success in collaboration and
partnering arrangements with third parties, including Microsoft; 14) our
ability to increase our speed of innovation, product development and execution
to bring new innovative and competitive mobile products and location-based or
other services to the market in a timely manner; 15) our dependence on the
development of the mobile and communications industry, including location-based
and other services industries, in numerous diverse markets, as well as on
general economic conditions globally and regionally; 16) our ability to protect
numerous patented standardized or proprietary technologies from third-party
infringement or actions to invalidate the intellectual property rights of these
technologies and our ability to maintain the existing sources of intellectual
property related income or establish new such sources; 17) our ability to
maintain and leverage our traditional strengths in the mobile product market if
we are unable to retain the loyalty of our mobile operator and distributor
customers and consumers as a result of the implementation of our strategies or
other factors; 18) the success, financial condition and performance of our
suppliers, collaboration partners and customers; 19) our ability to manage
efficiently our manufacturing and logistics, as well as to ensure the quality,
safety, security and timely delivery of our products and services; 20) our
ability to source sufficient amounts of fully functional quality components,
sub-assemblies, software and services on a timely basis without interruption
and on favorable terms, particularly as we ramp our new Lumia smartphone
devices; 21) our ability to manage our inventory and timely adapt our supply to
meet changing demands for our products, particularly as we ramp our new Lumia
smartphone devices; 22) any actual or even alleged defects or other quality,
safety and security issues in our products; 23) the impact of a cybersecurity
breach or other factors leading to any actual or alleged loss, improper
disclosure or leakage of any personal or consumer data collected by us or our
partners or subcontractors, made available to us or stored in or through our
products; 24) our ability to successfully manage the pricing of our products
and costs related to our products and operations; 25) exchange rate
fluctuations, including, in particular, fluctuations between the euro, which is
our reporting currency, and the US dollar, the Japanese yen and the Chinese
yuan, as well as certain other currencies; 26) our ability to protect the
technologies, which we or others develop or that we license, from claims that
we have infringed third parties’ intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in
our products and services; 27) the impact of economic, political, regulatory or
other developments on our sales, manufacturing facilities and assets located in
emerging market countries; 28) the impact of changes in government policies,
trade policies, laws or regulations where our assets are located and where we
do business; 29) the potential complex tax issues and obligations we may incur
to pay additional taxes in the various jurisdictions in which we do business
and our actual or anticipated performance, among other factors, could result in
allowances related to deferred tax assets; 30) any disruption to information
technology systems and networks that our operations rely on, which may be for
instance caused by our inability to successfully and smoothly implement our
plans to streamline our IT organization including the transfer of some activities
and employees to strategic partners; 31) unfavorable outcome of litigations and
regulatory proceedings;&nbsp; 32) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile products and
lawsuits related to them, regardless of merit; 33) Nokia Siemens Networks
ability to implement its new strategy and restructuring plan effectively and in
a timely manner to improve its overall competitiveness and profitability; 34)
Nokia Siemens Networks’ success in the mobile broadband and services market and
Nokia Siemens Networks’ ability to effectively and profitably adapt its
business and operations in a timely manner to the increasingly diverse service
needs of its customers; 35) Nokia Siemens Networks’ ability to maintain or
improve its market position or respond successfully to changes in the
competitive environment; 36) Nokia Siemens Networks’ liquidity and its ability
to meet its working capital requirements; 37) Nokia Siemens Networks’ ability
to timely introduce new competitive products, services, upgrades and
technologies; 38) Nokia Siemens Networks’ ability to execute successfully its
strategy for the acquired Motorola Solutions wireless network infrastructure
assets; 39) developments under large, multi-year contracts or in relation to
major customers in the networks infrastructure and related services business;
40) the management of our customer financing exposure, particularly in the
networks infrastructure and related services business; 41) whether ongoing or
any additional governmental investigations into alleged violations of law by
some former employees of Siemens may involve and affect the carrier-related
assets and employees transferred by Siemens to Nokia Siemens Networks; and 42)
any impairment of Nokia Siemens Networks customer relationships resulting from
ongoing or any additional governmental investigations involving the Siemens
carrier-related operations transferred to Nokia Siemens Networks, as well as
the risk factors specified on pages 13-47 of Nokia’s annual report on Form 20-F
for the year ended December 31, 2011 under Item 3D. "Risk Factors."
Other unknown or unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ materially from
those in the forward-looking statements. Nokia does not undertake any
obligation to publicly update or revise forward-looking statements, whether as
a result of new information, future events or otherwise, except to the extent
legally required.</i></i>
<i>

<b>Media Enquiries:</b>

Edvard
Bergström, Communications Scandinavia

Mobil: 070-993
83 11

E-post: edvard.bergstrom@nokia.com

Björn Kullgren,
Product Marketing and Planning Manager

Mobil: +46 70
993 91 05

E-mail: bjorn.kullgren@nokia.com

</i>

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