ESPOO, Finland -- Nokia's activities around establishing Nokia Siemens Networks have progressed to the point where Nokia will now start identifying which employees from its corporate support platforms will transfer to the networks business support platform. Corporate support platforms are centralized Nokia-wide organizations, such as Business Infrastructure, Human Resources, Indirect Sourcing, Nokia Research Center, Corporate Communications and several others, that support Nokia's four business groups.

This process will have no impact on the number of employees and will be carried out in accordance with local requirements.

Following the reorganization, which is due to be completed by November 1, 2006, Nokia will have in place two separate corporate support platforms; one for its device businesses and the other for its networks business. The platform supporting Nokia's networks business is expected to comprise approximately 2 000 employees.

Those employees assigned to the new networks business support platform will transfer to Nokia Siemens Networks once the merger is closed, which is expected to take place by January 1, 2007.

Nokia Corp. (NYSE: NOK)