21 August 2008

Continued growth in investments in key
Internet services areas, 200 Jobs to be Affected

Nokia's Services & Software unit today announced plans to refine parts of its global research and development activities.

While Nokia continues to grow its investments in consumer Internet services, the unit plans to integrate some of our content delivery services into a single service to create a better experience for consumers and to continue increasing investments into key initiatives.

Nokia's Internet services strategy continues unchanged with a focus on key service areas such as music, games, messaging and location based services.

Nokia has started today relevant local employee consultations to discuss these plans. These plans concern approximately 200 employees - approximately half in Finland - working in the Services & Software unit. The aim is to find alternative solutions and work for as many employees as possible within Nokia, at which the company has a good track record from previous years.

"This year we plan to hire more people into the Services & Software unit than the number of affected employees, so we expect that many employees will be able to transition to new jobs within Nokia," said Niklas Savander, Executive Vice President, Services & Software.

"We have made great progress with the initial offering this year and I see great potential going forward as we bring context aware Internet services to people's pockets. These changes will strengthen our offerings and enable us to accelerate the delivery of new Internet experiences to market."