Nokia has initiated a review of strategic options for its HERE business

Espoo, Finland

April 15, 2015, 12:00 pm CEST

Nokia Corporation

Stock Exchange Release

April 15, 2015 at 08:05 (CET +1)

Nokia today announces that it has initiated a review of strategic options, including a potential divestment, for its HERE business. HERE is a leader in navigation, mapping and location intelligence.

Nokia today also announced a proposed combination with Alcatel-Lucent. The Board of Directors of Nokia believes this is the right moment to assess the position of HERE within the proposed new Nokia business.

The strategic review of HERE is on-going and it may or may not result in any transaction. Any further announcements about HERE will be made as appropriate.

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