GZ Bulgaria 1 in B U L G A R I A Guenter ZWICKL Sofia,

GZ Bulgaria 2 NETWORKS COM’S CARRIER as of April 1 st, 2007

GZ Bulgaria 3 Nokia since 1865Siemens since 1847 Pioneering innovators join forces Nokia's first generation of manual radio telephone systems Europe's first digital exchange, the DX 200 World's first GSM call made in Radiolinja's network, supplied by Nokia World's first triple-mode (GSM, EDGE, WCDMA) base station World's first Multimedia Messaging Service Center Industry first commercial end-to-end 3GPP IP Multimedia Subsystem First automatic Telephone exchange Russian long-distance telephony network Completion of the Rhineland telephone cable Construction of Telefunken television set The beginning of data processing The first telephone exchange using the digital electronic switching system EWSD goes into operation Built first UMTS network in Europe Roots in paper, rubber, and cables, in just over 100 years Nokia becomes a powerful industrial conglomerate Founded 1865Founded Industry first live demonstration of Long Term Evolution

GZ Bulgaria 4 Creating a Communications Industry Powerhouse Com Business Mobile Phones, Multimedia & Enterprise Solutions Networks CarrierEnterprise & Others** FY2005 Revenues: € 6.6 Bn Wireless Wireline Services Headcount: approx. 23,000 FY2005 Revenues: € 27.6 BnFY2005 Revenues: € 9.2 Bn* Wireless Wireline Services Headcount: approx. 37,000 FY2005 Revenues: € 3.6 Bn* FY2005 Revenues: € 15.8 Bn Headcount: approx. 60,000 Wireless 78% Wireline Services Wireline 22% *Unaudited calendarised numbers **Including consolidation eleminations Wireless Services 56% 22% 6% 16%

GZ Bulgaria 5 Scale matters… Carrier Business 2006 Revenues (€ Bn) all companies with comparable carrier business revenues * estimated figures ** unaudited calendarised numbers (incl.Redback) (incl. Nortel‘s UTRAN) (w/o.UTRAN) EricssonNokia Siemens Networks** Alcatel - Lucent* Nortel*CiscoHuawei*MotorolaNEC  Overall cost-efficiency  Global reach in services and sales  R&D power for portfolio of new technologies  Global platforms and partners

GZ Bulgaria 6 Worldwide presence and regional focus * Communications infrastructure market size 2006 ** Nokia Siemens Networks Market position based on 2006 combined market positions of Nokia and Siemens (own estimate) West & South Europe € 22Bn, #2 Latin America € 7Bn, #1 North America € 25Bn, #6 China € 9Bn, #3 North East € 7Bn, #1 APAC € 19Bn, #2 Middle East & Africa € 8Bn, #1

GZ Bulgaria 7 #2 in wireless networks #2 in operator services #3 in wireline networks 600 customers in 150 countries 75 of top-100 operators as customers Over 1 billion people connect through our switches Global market position and customer base

GZ Bulgaria 8 A full portfolio to meet customer needs Service Core & Applications Multi-access Cellular, Broadband Fixed & Wireless Services for operators Operations & Business Support Systems IP Networking & Transport

GZ Bulgaria 9 Elements of the proposed portfolio plan Radio Access GSM / EDGE WCDMA / HSPA I-HSPA LTE WiMAX TD-SCDMA Broadband Access DSLAM/MSAN (Multiservice access node) PON/GPON/GEPON Access Switches Metro & Carrier Switches NB / MS Narrowband/Multiservice Operations Support Systems Service Core and Applications IP / Transport Mobile and fixed TDM/soft switching Media Gateway Mobile Packet Core IP Multimedia Subsystem Fixed Mobile Convergence IN / Charging Applications - Mobile TV, IPTV - Messaging, - etc. DWDM NG Metro Microwave IP Connectivity Service Management Network and Element Management Services Consulting & Systems Integration Managed Services Network Implementation Care

GZ Bulgaria 10 Balanced portfolio Culture and values Unique insight Customer focus Innovation Nokia Siemens Networks - Ahead of the pack

GZ Bulgaria 11 Key Structural Terms Start of operations April 1, :50 Joint Venture Operational headquarters in Helsinki, Karaportti Campus Strong presence in Munich Executive Management : CEO, Simon Beresford-Wylie CFO, Peter Schönhofer COO, Mika Vehviläinen CMO, Karl-Christoph Caselitz Consolidation by Nokia, equity accounting by Siemens

Nokia Siemens Networks EOOD is represented by the following 3 Directors (The Board): Guenter ZWICKL Gergana SOKOLOVA Juergen KRAIS NOKIA SIEMENS NETWORKS EOOD Registration Address: 2 Kukush Street, 1309 Sofia

NETWORKS COM’S CARRIER Employees worldwide 60,000 23,000 37,000 BULGARIA Revenues worldwide* B € 15’8 6’6 9’2 BULGARIA** M € ~ 90’0 ~ 20’0 ~ 70’0 * FY 2005, unaudited calendarised numbers ** approx. business volume 2006 contributed to Bulgaria (Direct+idirect), unaudited, calendarized, annualized, informal and with no legal significance in any respect The New Communications Industry Powerhouse

GZ Bulgaria 14 Power generation & distribution Industrial solutions Automatisation Medical Equipment Transportation etc. Cellphones Equipment & Services for Telecom operators

GZ Bulgaria 15 Thank you! Благодаря!