NAVTEQ Completes Its Acquisition of T-Systems Traffic, GmbH

Chicago (ots/PRNewswire) -

- Acquisition Signals Aggressive Expansion of Real-Time NAVTEQ
Traffic to Europe

NAVTEQ, a leading global provider of digital map data for
location-based solutions and vehicle navigation, has completed its
previously announced acquisition of T-Systems Traffic, GmbH
(T-Traffic), a leading provider of traffic services in Germany. The
acquisition marks a significant step in NAVTEQ's program to expand
its traffic offering in Europe.

T-Traffic is a provider of traffic services in Germany, with
approximately 55 employees. The acquisition will enable the launch of
NAVTEQ Traffic(TM), a real-time traffic service already available in
the U.S. and Canada, in Germany which is central to European
navigation because of its large user base and home to many leading
automotive companies. T-Traffic's traffic services include data from
private traffic sources and are already used by major PND and
automotive customers.

NAVTEQ will incorporate T-Traffic extraction and processing
capabilities into its existing capabilities for best-in-class traffic
worldwide. When used together with community and probe based traffic
data sourced from navigation devices and cellular telephones, this
technology will enable rollout of traffic solutions around the world.

"We are committed to an aggressive roll-out of best-in-class
traffic services in Europe," commented John MacLeod, executive vice
president, NAVTEQ Connected Services. "We expect to quickly launch
real-time NAVTEQ Traffic and to expand it throughout Europe. We will
also leverage T-Traffic expertise in the extraction and processing of
probe and community-sourced traffic data and integrate it into
NAVTEQ's global traffic processing system."

About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map
information for automotive navigation systems, mobile navigation
devices, Internet-based mapping applications, and government and
business solutions. NAVTEQ creates the digital maps and map content
that power navigation and location-based services solutions around
the world. The Chicago-based company was founded in 1985 and has
approximately 4,000 employees located in 196 offices and in 43
countries. NAVTEQ is a fully-owned subsidiary of Nokia Corporation.

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.

NAVTEQ, NAVTEQ Traffic and Nokia are trademarks in the U.S. and
other countries. All rights reserved.

It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A)
the timing of product, services and solution deliveries; B) our
ability to develop, implement and commercialize new products,
services, solutions and technologies; C) expectations regarding
market growth, developments and structural changes; D) expectations
regarding our mobile device volume growth, market share, prices and
margins; E) expectations and targets for our results of operations;
F) the outcome of pending and threatened litigation; G) expectations
regarding the successful completion of contemplated acquisitions on a
timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and H) statements preceded by
"believe," "expect," "anticipate," "foresee," "target," "estimate,"
"designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the information
currently available to it. Because they 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 deteriorating global economic
conditions and related financial crisis and their impacts on us, our
customers, suppliers, and collaborative partners; 2) competitiveness
of our product, service and solutions portfolio; 3) the extent of the
growth of the mobile communications industry; 4) the growth and
profitability of the new market segments that we target and our
ability to successfully develop or acquire and market products,
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actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by
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additional violations that may have occurred prior to the transfer,
or ongoing violations that may have occurred after the transfer, of
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functional components and sub-assemblies without interruption and at
acceptable prices; 18) any disruption to information technology
systems and networks that our operations rely on; 19) developments
under large, multi- year contracts or in relation to major customers;
20) economic or political turmoil in emerging market countries where
we do business; 21) our success in collaboration arrangements
relating to development of technologies or new products, services
and solutions; 22) the success, financial condition and performance
of our collaboration partners, suppliers and customers; 23) exchange
rate fluctuations, including, in particular, fluctuations between
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Chinese yuan, the UK pound sterling and the Japanese yen, as well as
certain other currencies; 24) the management of our customer
financing exposure; 25) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile devices
and lawsuits related to them, regardless of merit; 26) unfavorable
outcome of litigations; 27) our ability to recruit, retain and
develop appropriately skilled employees; 28) the impact of changes
in government policies, laws or regulations; and 29) our ability to
effectively and smoothly implement our new organizational structure;
as well as the risk factors specified on pages 10-25 of Nokia's
annual report on Form 20-F for the year ended December 31, 2007
under "Item 3.D Risk Factors." Other unknown or unpredictable
factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those
in the forward-looking statements. Nokia does not undertake any
obligation to update publicly or revise forward-looking statements,
whether as a result of new information, future events or otherwise,
except to the extent legally required.

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ots Originaltext: NAVTEQ Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Jennifer Schuh of NAVTEQ, +1-312-894-3913, jennifer.schuh@navteq.com;
or Bob Richter, +1-212-802-8588, bob@richtermedia.com, for NAVTEQ;
Photo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO