Nokia and Matsushita Battery agreement

Nokia and Matsushita. of Japan are in agreement that Matsushita will cover
the direct costs related to the August 14, 2007 product advisory on
Nokia-branded BL-5C batteries.

"Nokia and Matsushita have a long business relationship and the two
companies are cooperating closely together in this situation," said
Masatsugu Kondo, President of Matsushita Battery. "Matsushita Battery has
agreed to cover the direct costs associated with the product advisory,
including, among other things, logistics costs, call center costs, and
replacement battery costs."

"The safety of our customers and the reliability and quality of our
products are our top priorities," said Robert Andersson, head of Nokia
Customer and Market Operations. "We are pleased with the good cooperation
between Nokia and Matsushita. Together we aim to serve consumers in the best
possible manner and minimize the inconvenience this issue could cause
them."