Nokia Investor Topics: IMS, Convergence & HSDPA

Conference-call and Web-cast March 17th, 2006

Bill Seymour Nokia Investor Relations

1 2006 Nokia

It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product and solution deliveries; B) our ability to develop, implement and commercialize new products, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations and targets for our results of operations; E) the outcome of pending and threatened litigation; and F) statements preceded by believe, expect, anticipate, foresee, target or similar expressions are forward-looking statements. Because these statements involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) the extent of the growth of the mobile communications industry, as well as the growth and profitability of the new market segments within that industry which we target; 2) the availability of new products and services by network operators and other market participants; 3) our ability to identify key market trends and to respond timely and successfully to the needs of our customers; 4) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 5) competitiveness of our product portfolio; 6) timely and successful commercialization of new advanced products and solutions; 7) price erosion and cost management; 8) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position and respond to changes in the competitive landscape; 9) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and solutions; 10) inventory management risks resulting from shifts in market demand; 11) our ability to source quality components without interruption and at acceptable prices; 12) our success in collaboration arrangements relating to development of technologies or new products and solutions; 13) the success, financial condition and performance of our collaboration partners, suppliers and customers; 14) any disruption to information technology systems and networks that our operations rely on; 15) our ability to protect the complex technologies that we or others develop or that we license from claims that we have infringed third parties intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and solution offerings; 16) general economic conditions globally and, in particular, economic or political turmoil in emerging market countries where we do business; 17) developments under large, multi-year contracts or in relation to major customers; 18) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen; 19) the management of our customer financing exposure; 20) our ability to recruit, retain and develop appropriately skilled employees; and 21) the impact of changes in government policies, laws or regulations; as well as 22) the risk factors specified on pages 12-22 of the companys Form 20-F for the year ended December 31, 2005 under Item 3.D Risk Factors.
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Nokia IMS

Mika Vehvilinen SVP GM, Core Networks

3 2006 Nokia

Communication market landscape

Circuit switched

Packet switched

Fixed Mobile

2006 Nokia

Voice goes Mobile and IP

Mobile voice traffic Fixed voice traffic VoIP traffic Rapid Rapid growth growth

VoIP growing VoIP growing

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Source: Nokia

Fixed to Mobile Fixed to Mobile Substitution Substitution

-06 e

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IP Multimedia is turning commercial

Examples of Nokia SIP enabled devices for mobile and fixed networks

2006 Nokia

Multimedia communication networks are being built

Nokia MSC Server System Nokia MSC Server System globally : : globally over 80 customers over 80 customers

Nokia IP Multimedia : :over 80 commercial Nokia IP Multimedia over 80 commercial references references
17 commercial 17 commercial Several Convergence IMS core system Several Convergence IMS core system solution trials with leading references + 18 solution trials with leading references + 18 operators incl. France implementations operators incl. France implementations Telecom, Telecom Italia, in different Telecom, Telecom Italia, in different TeliaSonera, Telemar Oi, commercial stages TeliaSonera, Telemar Oi, commercial stages Elisa, PLDT, Saunalahti Elisa, PLDT, Saunalahti 19 commercial 19 commercial Presence references + Presence references + over 30 over 30 implementations in implementations in different commercial different commercial stages stages
7 2006 Nokia

48 Push toTalk 48 Push toTalk commercial references commercial references

Video Sharing already Video Sharing already in the market with in the market with commercial launches: commercial launches: TMN Portugal, CSL TMN Portugal, CSL Hong Kong, Telecom Hong Kong, Telecom Italia Mobile Italia Mobile

Nokia IMS service/application strategy

Turn-key solution partners
Joint road-mapping Nokia implementation & integration Nokia turn-key delivery Nokia maintenance and support

Nokia developer collaboration

Forum Nokia, currently around 1.9 M members Forum Nokia PRO, since beginning of 2004 Forum Nokia PRO Networks Zone

Nokia SIP Lab

Support for business analysis E2E development and testing environment

Nokia in-house IMS solution IMS core components Mass-market service enablers and applications: Messaging, Push-to-talk, Presence, Video Sharing

2006 Nokia

Nokia strengths
Clear number one in Mobile softswitching
Investment covers important parts of IMS already

Clear number one in IMS deployments

Lead cellular IMS applications: Push to talk, Video Sharing Fixed/convergence trials with leading operators

Industry leading end to end IMS offering

In synch with Nokia device offering for converging networks

Standards based IMS offering

In line with cellular and fixed next generation network standards 3GPP/3GPP2, ETSI TISPAN Seamless service and mobility management between fixed and cellular

2006 Nokia

Nokia High Speed Packet Access (HSPA) Solution

Ari Lehtoranta SVP & GM, Radio Networks

10 2006 Nokia

Nokia has 55 Public 3G References. All poised to go to HSPA

Proximus T-Mobile UK Orange UK 3 UK O2 UK O2 IE 3 IE Vodafone IE O2 DE Orange FR Telefonica SP SFR TIM IT Vodafone Omnitel sunrise GPTC
Orange CH

E-Plus TDC

Suomen 3G

LMT Sonera Elisa FI

3G Infrastructure Services

3 AT Hong Kong CSL 3 HK

Telenor

Vodafone KK

Vodafone SE MobilCom
Elisa Estonia

Taiwan Cellular Corp CHT Taiwan Far East Tone Smart StarHub
Telekom Malaysia

Wataniya Telecom MTC-Vodafone Cellcom TIM Greece Polkomtel Centertel Cosmote Vodafone Hungary Eurotel T-Mobil DE T-Mobile NL One Pannon

WCDMA RAN HSDPA 3G Core WCDMA RAN + 3G Core

11 2006 Nokia

M1 Optus
Vodafone AU

Shared network (RAN + 3G Core)

Vodafone NZ

Nokia High Speed Packet Access Releases

HSPA01 Pilot
9/2005
For piloting HSDPA

02/2006

RAS05

RAS05.1
10/2006

RAS06
2007
HSUPA Peak data rate 1.5Mbps HSDPA phase3 Peak data rate 7.2 Mbps HSDPA Code multiplexing HSDPA Dynamic Resource Allocation Code shared HSDPA scheduler for BTS I-HSPA First release

HSDPA phase2 HSDPA phase1 Peak data rate 1.8Mbps HSDPA Proportional Fair packet scheduler 16 users per BTS Directed RRC Connection HSDPA Serving Cell Change Setup for HSDPA Layer HSDPA+AMR MultiRAB HSDPA phase1 CD Peak data rate 3.6Mbps

In-line with In-line with device device capabilities capabilities

Coexistence Coexistence with R99 with R99

High peak bit rates and HSUPA and I-HSPA. High peak bit rates and HSUPA and I-HSPA. increased speed/ capacity Continued HSDPA speed/ increased speed/ capacity Continued HSDPA speed/ as SW upgrade capacity improvements as SW upgrade capacity improvements

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2006 Nokia

Nokia HSDPA Field Trials show strong results

- Measured application performance matches the theoretical calculations

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Conclusions
Nokia HSPA offers:
Most cost-optimized solution for mobile data services Proven platform to support technology evolution without discontinuity High performance, proven in the field Market leading HSPA-EDGE service continuity Proven solution with 50+ WCDMA and 20+ HSPA references Nokia WCDMA/HSPA functionality is aligned with the roadmaps of core network, OSS, devices and applications

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Q&A

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Thank you.

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2006 Nokia