NOKIA PRESS RELEASE October 7, 2008

We have just recieved an ammended press release from Nokia Siemens regarding the change in Nokia Siemens Board of Directors, we have posted it below for you.

Please note: Below is the corrected version of the press release published at October 7, 2008 at 11.15 CET (+ 1): A change in the Nokia Siemens Networks Board of Directors: Siemens Manager Siegfried Russwurm will replace Eduardo Montes

Nokia Corporation
Stock exchange release
October 7, 2008 at 16.45 (CET +1)

Espoo, Finland – Eduardo Montes, 57, executive advisor to the CEO of Siemens AG will resign from the Board of Directors of Nokia Siemens Networks B.V. effective as of October 2008. He will be succeeded by Siegfried Russwurm, 45, Member of the Siemens Managing Board and Head of Corporate Human Resources. Within the Siemens Managing Board, Russwurm has regional responsibility for Europe, CIS and Africa which are key regions for Nokia Siemens Networks.

After the change the Board of Nokia Siemens Networks will consist of the following seven members: Nokia President and CEO, Olli-Pekka Kallasvuo (Chairman of the Nokia Siemens Networks Board); Siemens CFO, Joe Kaeser; Nokia CFO, Rick Simonson; Member of the Siemens Managing Board and Head of Corporate HR, Siegfried Russwurm; Head of Nokia Operational Human Resources, Juha Äkräs; Executive Advisor to the CEO of Siemens AG, Rudi Lamprecht (Vice Chairman of the Nokia Siemens Networks Board) and Executive Vice President, Services and Software, Nokia, Niklas Savander.