Nokia reopens public exchange offer for outstanding Alcatel-Lucent securities

Nokia announced on Friday that it has reopened its public exchange offer in France and in the United States (the "Offer") for the outstanding Alcatel-Lucent ordinary shares, American Depositary Shares ("ADSs") and OCEANE convertible bonds not tendered during the initial public exchange offer period.

Rajeev Suri, President and CEO of Nokia, said: "We are delighted with the response so far of the great majority of Alcatel-Lucent investors, who have clearly recognised the value proposition of this combination.

"With the deal closed and the integration of the two companies moving forward from today, we firmly believe that it is in the best interests of any remaining Alcatel-Lucent securities holders to tender their shares, OCEANE convertible bonds or ADSs into the reopened Offer. This ensures they would benefit from our planned capital returns program for Nokia shareholders, as well as from the planned long-term value created through the combination," Suri added.

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