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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
October 07, 2008

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.

About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of communications services. The company provides a complete, well-balanced product portfolio of mobile and fixed network infrastructure solutions and addresses the growing demand for services with 20,000 service professionals worldwide. Nokia Siemens Networks is one of the largest telecommunications infrastructure companies with operations in 150 countries. The company is headquartered in Espoo, Finland.

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