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Saturday, February 24, 2007

Motorola and Nokia

MOTOROLA

Carl C. Icahn is not afraid to shake things up at big, publicly traded companies. Mr. Icahn takes issue with private equity firms' habit of buying cash-rich companies from public shareholders, piling on debt and selling them later at a profit. Mr. Icahn appears to have at least four proxy battles on tap for this spring, including one with cellphone giant Motorola. His company is now also... looking for other opportunities.

NOKIA PRESS RELEASE

Notification under Chapter 2, Section 10 of the Finnish Securities Market Act: holdings of The Capital Group Companies, Inc. in Nokia Corporation exceeded 10%, February 22, 2007

Espoo, Finland - According to information received by Nokia Corporation, the holdings of The Capital Group Companies, Inc. have exceeded 10% of the share capital of Nokia.

The Capital Group Companies, Inc. is a holding company for several subsidiary companies engaged in investment management activities. As of February 16, 2007, The Capital Group Companies, Inc. and its subsidiaries hold through their clients the total of 410 577 704 Nokia shares consisting of both ADRs and ordinary shares. The holdings correspond to approximately 10.03% of the share capital of Nokia.

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
E-mail: press.office@nokia.com

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