1 © 2006 Nokia

Bill SeymourNokia Investor Relations

Nokia Investor Topics:IMS, Convergence & HSDPA

Conference-call and Web-castMarch 17th, 2006

2 © 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 company’s Form 20-F for the year ended December 31, 2005 under ‘‘Item 3.D Risk Factors.’’

3 © 2006 Nokia

Mika VehviläinenSVP GM, Core Networks

Nokia IMS

4 © 2006 Nokia

Communication market landscape

MobileFixed

Circuit switched

Packet switched

5 © 2006 Nokia

Voice goes Mobile and IP

Source: Nokia

-03-02-01-00-99-98-97-96-95-94-93 -07 e

-92 -04 -05 -06e

-08 e

Mobile voice traffic

Fixed voice traffic

VoIP traffic

Rapid growthRapid

growth

Fixed to MobileSubstitution

Fixed to MobileSubstitution

VoIP growingVoIP growing

6 © 2006 Nokia

IP Multimedia is turning commercialExamples of Nokia SIP enabled devicesfor mobile… and fixed networks

7 © 2006 Nokia

Multimedia communication networks are being built

Nokia IP Multimedia : over 80 commercial references

Nokia IP Multimedia : over 80 commercial references

Several Convergencesolution trials with leading

operators incl. France Telecom, Telecom Italia, TeliaSonera, Telemar Oi, Elisa, PLDT, Saunalahti

Several Convergencesolution trials with leading

operators incl. France Telecom, Telecom Italia, TeliaSonera, Telemar Oi, Elisa, PLDT, Saunalahti

48 Push toTalkcommercial references

48 Push toTalkcommercial references

17 commercialIMS core systemreferences + 18

implementationsin different

commercial stages

17 commercialIMS core systemreferences + 18

implementationsin different

commercial stages

19 commercialPresence references +

over 30 implementations in

different commercialstages

19 commercialPresence references +

over 30 implementations in

different commercialstages

Video Sharing already in the market with

commercial launches: TMN Portugal, CSL

Hong Kong, Telecom Italia Mobile

Video Sharing already in the market with

commercial launches: TMN Portugal, CSL

Hong Kong, Telecom Italia Mobile

Nokia MSC Server System globally :

over 80 customers

Nokia MSC Server System globally :

over 80 customers

8 © 2006 Nokia

Nokia SIP Lab

•Support for business analysis

•E2E development and testing environment

Nokia IMS service/application strategyTurn-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 in-house IMS solution

IMS core components

Mass-market service enablers and applications: Messaging, Push-to-talk, Presence, Video Sharing…

9 © 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

10 © 2006 Nokia

Nokia High Speed Packet Access (HSPA) Solution

Ari LehtorantaSVP & GM, Radio Networks

11 © 2006 Nokia

TIM GreeceTIM GreeceM1M1

3 HK3 HK

Vodafone KKVodafone KK

StarHubStarHub

Suomen 3GSuomen 3G

WCDMA RAN + 3G Core

HSDPA

TelenorTelenor

SFRSFR

OneOne

OptusOptus

3 UK3 UKOrange UKOrange UK

MobilComMobilCom

T-Mobile UK

T-Mobile UK

T-Mobil DET-Mobil DEVodafone Omnitel

Vodafone Omnitel

Vodafone SEVodafone SE

Hong KongCSL

Hong KongCSL

Shared network (RAN + 3G Core)

ProximusProximus E-PlusE-Plus

O2 UKO2 UK

O2 IEO2 IE

3 AT3 AT

3G Core

Vodafone IEVodafone IE CHT TaiwanCHT Taiwan

Taiwan Cellular Corp

Taiwan Cellular Corp

CellcomCellcom

sunrisesunrise

Orange CHOrange CH

MTC-VodafoneMTC-Vodafone

Telefonica SPTelefonica SP

Orange FROrange FR

O2 DEO2 DE

T-Mobile NLT-Mobile NL

Vodafone AUVodafone AU

Vodafone NZVodafone NZGPTCGPTC

PolkomtelPolkomtelTelekom MalaysiaTelekom Malaysia

CentertelCentertel

Far East ToneFar East Tone

PannonPannon

Vodafone Hungary

Vodafone Hungary

WataniyaTelecom

WataniyaTelecom

Elisa EstoniaElisa Estonia

WCDMA RAN

3 IE3 IE

EurotelEurotel

TDCTDC

SmartSmart

TIM ITTIM IT

CosmoteCosmote

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

Elisa FIElisa FI

3G Infrastructure Services

3G Infrastructure Services

SoneraSonera

12 © 2006 Nokia

Nokia High Speed Packet Access Releases

HSPA01Pilot

9/2005

RAS05 02/2006

RAS06 2007

RAS05.110/2006

In-line withdevice

capabilities

In-line withdevice

capabilities Coexistence with R99

Coexistence with R99

High peak bit rates and increased speed/ capacity

as SW upgrade

High peak bit rates and increased speed/ capacity

as SW upgrade

HSUPA and I-HSPA.Continued HSDPA speed/capacity improvements

HSUPA and I-HSPA.Continued HSDPA speed/capacity improvements

• For piloting• HSDPA

HSDPA phase1• Peak data rate 1.8Mbps• 16 users per BTS• Directed RRC Connection

Setup for HSDPA Layer

HSDPA phase1 CD• Peak data rate 3.6Mbps

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 Proportional Fair

packet scheduler• HSDPA Serving Cell

Change• HSDPA+AMR MultiRAB

13 © 2006 Nokia

Nokia HSDPA Field Trials show strong results- Measured application performance matches the theoretical calculations

14 © 2006 Nokia

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

15 © 2006 Nokia

Q & A

16 © 2006 Nokia

Thank you.