Nokia acquires MetaCarta Inc.

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Espoo,Finland

– Nokia announced today that it has acquired MetaCartaInc. MetaCarta, based in Cambridge, Massachusetts, is a privately owned companywhich employs over 30 people and has expertise in geographic intelligencesolutions. MetaCarta’s technology will be used in the area of local search inLocation and other services.

About Nokia

At Nokia,we are committed to connecting people. We combine advanced technology withpersonalized services that enable people to stay close to what matters to them.Every day, more than 1.2 billion people connect to one another with a Nokiadevice – from mobile phones to advanced smartphones and high-performance mobilecomputers. Today, Nokia is integrating its devices with innovative servicesthrough Ovi (

www.ovi.com

), including music, maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigationservices, while Nokia Siemens Networks provides equipment, services andsolutions for communications networks globally.

About MetaCarta Inc.

MetaCarta Inc. provides powerfultechnology for finding anything written about any place. MetaCarta uniquetechnology combines geosearch and geotagging capabilities allowing users tofind content about a location in internal and external data stores. MetaCarta’sproducts make data and unstructured content "location-aware" andgeographically relevant for easier organization and quicker action.

FORWARD-LOOKINGSTATEMENTS

It should be notedthat certain statements herein which are not historical facts, including,without limitation, those regarding: A) the timing of product, services andsolution deliveries; B) our ability to develop, implement and commercialize newproducts, services, solutions and technologies; C) our ability to develop andgrow our consumer Internet services business; D) expectations regarding marketdevelopments and structural changes; E) expectations regarding our mobiledevice volumes, market share, prices and margins; F) expectations and targetsfor our results of operations; G) the outcome of pending and threatenedlitigation; H) expectations regarding the successful completion of contemplatedacquisitions on a timely basis and our ability to achieve the set targets uponthe completion of such acquisitions; and I) statements preceded by"believe," "expect," "anticipate,""foresee," "target," "estimate,""designed," "plans," "will" or similarexpressions are forward-looking statements. These statements are based onmanagement's best assumptions and beliefs in light of the information currentlyavailable to it. Because they involve risks and uncertainties, actual resultsmay differ materially from the results that we currently expect. Factors thatcould cause these differences include, but are not limited to: 1) thedeteriorating global economic conditions and related financial crisis and theirimpact on us, our customers and end-users of our products, services andsolutions, our suppliers and collaborative partners; 2) the development of themobile and fixed communications industry, as well as the growth andprofitability of the new market segments that we target and our ability tosuccessfully develop or acquire and market products, services and solutions inthose segments; 3) the intensity of competition in the mobile and fixedcommunications industry and our ability to maintain or improve our marketposition or respond successfully to changes in the competitive landscape; 4)competitiveness of our product, services and solutions portfolio; 5) ourability to successfully manage costs; 6) exchange rate fluctuations, including,in particular, fluctuations between the euro, which is our reporting currency,and the US dollar, the Japanese yen, the Chinese yuan and the UK poundsterling, as well as certain other currencies; 7) the success, financialcondition and performance of our suppliers, collaboration partners andcustomers; 8) our ability to source sufficient amounts of fully functionalcomponents, sub-assemblies, software and content without interruption and atacceptable prices; 9) the impact of changes in technology and our ability todevelop or otherwise acquire and timely and successfully commercialize complextechnologies as required by the market; 10) the occurrence of any actual oreven alleged defects or other quality, safety or security issues in ourproducts, services and solutions; 11) the impact of changes in governmentpolicies, trade policies, laws or regulations or political turmoil in countrieswhere we do business; 12) our success in collaboration arrangements with othersrelating to development of technologies or new products, services andsolutions; 13) our ability to manage efficiently our manufacturing andlogistics, as well as to ensure the quality, safety, security and timelydelivery of our products, services and solutions; 14) inventory managementrisks resulting from shifts in market demand; 15) our ability to protect thecomplex technologies, which we or others develop or that we license, fromclaims that we have infringed third parties' intellectual property rights, aswell as our unrestricted use on commercially acceptable terms of certaintechnologies in our products, services and solutions; 16) our ability toprotect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented,standardized or proprietary technologies from third-party infringement oractions to invalidate the intellectual property rights of these technologies;17) any disruption to information technology systems and networks that ouroperations rely on; 18) developments under large, multi-year contracts or inrelation to major customers; 19) the management of our customer financingexposure; 20) our ability to retain, motivate, develop and recruitappropriately skilled employees; 21) whether, as a result of investigationsinto alleged violations of law by some former employees of Siemens AG("Siemens"), government authorities or others take further actionsagainst Siemens and/or its employees that may involve and affect thecarrier-related assets and employees transferred by Siemens to Nokia SiemensNetworks, or there may be undetected additional violations that may haveoccurred prior to the transfer, or violations that may have occurred after thetransfer, of such assets and employees that could result in additional actionsby government authorities; 22) any impairment of Nokia Siemens Networkscustomer relationships resulting from the ongoing government investigationsinvolving the Siemens carrier-related operations transferred to Nokia SiemensNetworks; 23) unfavorable outcome of litigations; 24) allegations of possiblehealth risks from electromagnetic fields generated by base stations and mobiledevices and lawsuits related to them, regardless of merit; as well as the riskfactors specified on pages 11-28 of Nokia's annual report on Form 20-F for theyear ended December 31, 2008 under Item 3D. "Risk Factors." Otherunknown or unpredictable factors or underlying assumptions subsequently provingto be incorrect could cause actual results to differ materially from those inthe forward-looking statements. Nokia does not undertake any obligation topublicly update or revise forward-looking statements, whether as a result ofnew information, future events or otherwise, except to the extent legallyrequired.

MediaEnquiries:

lang="FR">NokiaCommunications

lang="FR">Tel. +3587180 34900

lang="DE">E-mail:

lang="DE">press.services@nokia.com

lang="DE">

lang="EN-US">www.nokia.com

METACARTA

Ali Smith

SpeakerBox Communications

Tel. +1 703 2877812

Email:

asmith@speakerboxpr.com

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