<a href="http://trolltech.com/company/newsroom/announcements/press.2008-01-28.4605718236">http://trolltech.com/company/newsroom/announcements/press.2008-01-28.4605718236</a><br><br><h2 class="subHeader">Trolltech's Qt-based technology facilitate application development for multiple platforms and devices</h2>
<p class="leader"><b>
Espoo, Finland and Oslo, Norway , 28 January - 2008 - Nokia and
Trolltech ASA today announced that they have entered into an agreement
that Nokia will make a public voluntary tender offer to acquire
Trolltech (<a href="http://www.trolltech.com">www.trolltech.com</a>), a company headquartered in Oslo, Norway
and publicly listed on the Oslo Stock Exchange. Trolltech is a
recognized software provider with world-class software development
platforms and frameworks. In addition to the key software assets, its
talented team will play an important role in accelerating the
implementation of Nokia's software strategy. </b></p>
Nokia will offer NOK 16 per share in cash. The board of directors of
Trolltech has unanimously recommended that its shareholders accept
Nokia's Offer. Holders of 35,024,830 shares, representing approximately
66,43 % of Trolltech's issued shares and votes have as of January 27,
2008 irrevocably undertaken to accept the Offer. Haavard Nord,
Vuonislahti Invest AS (controlled by Eirik Chambe-Eng), Teknoinvest and
certain funds managed by Index Ventures are among the shareholders who
have agreed to tender their shares to Nokia. <br><br>The acquisition
of Trolltech will enable Nokia to accelerate its cross-platform
software strategy for mobile devices and desktop applications, and
develop its Internet services business. With Trolltech, Nokia and third
party developers will be able to develop applications that work in the
Internet, across Nokia's device portfolio and on PCs. Nokia's software
strategy for devices is based on cross-platform development
environments, layers of software that run across operating systems,
enabling the development of applications across the Nokia device range.
Examples of current cross-platform layers are Web runtime, Flash, Java
and Open C. <br><br>"The technology landscape evolves and, for Nokia,
software plays a major role in our growth strategy for devices, PCs and
the integration with the Internet. We continue to focus on areas where
we can differentiate and add more value. Common cross-platform layers
on top of our software platforms attract innovation and enable Web 2.0
technologies in the mobile space," said Kai Öistämö, Executive Vice
President, Devices, Nokia. "Trolltech's deep understanding of open
source software and its strong technology assets will enable both Nokia
and others to innovate on our device platforms while reducing
time-to-market. This acquisition will also further increase the
competitiveness of S60 and Series 40."<br><br>Nokia aims to continue
the development of Trolltech's products and support of new and existing
customers. Nokia strives for an open approach to technology that will
encourage and support innovation in the industry, enable fast adoption
of new technologies and advance healthy competition. Nokia embraces
open source technology and will take further the open source
development culture found in Trolltech. <br><br>"Trolltech and Nokia
share the goal of accelerating the adoption of Trolltech's Qt based
technology in the commercial market and in the open source community,"
said Haavard Nord, CEO and founder of Trolltech. Eirik Chambe-Eng,
Chief Troll and co-founder of Trolltech continues "We are thrilled to
join forces with Nokia. The company's innovative culture and resources
will give our employees new and exciting possibilities and fulfill our
vision of "Qt everywhere"."<br><br>Nokia intends to continue to enhance
Trolltech products through active and ongoing development, for both
desktop and mobile. To further stimulate industry innovation based on
Trolltech's products, Nokia plans to continue to license Trolltech
technology under both commercial and open source licenses.<br><br>The
acquisition is subject to customary closing conditions, including
acceptance by shareholders representing more than 90 % of the fully
diluted share capital, and the necessary regulatory approvals. The
complete details of the offer, including all terms and conditions, will
be set forth in an offer document expected to be sent to Trolltech
shareholders within two weeks. The offer is expected to be open for
acceptance for a period of four weeks and to be completed in the second
quarter of 2008. If the conditions to the offer are satisfied or
waived, Nokia will have a legal duty to make a mandatory cash offer for
or compulsory acquisition of the remaining shares. <br><br><strong>About Nokia </strong><br>Nokia
is the world leader in mobility, driving the transformation and growth
of the converging Internet and communications industries. Nokia makes a
wide range of mobile devices and provides people with experiences in
music, navigation, video, television, imaging, games and business
mobility through these devices. Nokia also provides equipment,
solutions and services for communications networks. <a href="http://www.nokia.com">www.nokia.com</a><br><br><strong>About Trolltech</strong><br>Trolltech
provides cross-platform software development frameworks and application
platforms. Trolltech's Qt is used in popular software such as Skype,
Google Earth, Adobe Photoshop Elements, Lucasfilm and by more than 5000
customers worldwide. Trolltech's Qtopia has enabled a new generation of
exciting consumer devices such as mobile handsets, video-phones,
set-top boxes and media players. Trolltech's software has shipped in
more than 10 million devices.<br><br>Trolltech's products enable
companies to easily build and deploy software across a wide range of
operating systems and electronic devices. The company serves desktop
and embedded application providers, as well as consumer electronics and
mobile vendors, who face challenges in delivering user-friendly and
differentiated software. Trolltech enables customers to accelerate
innovation, shorten time to market and increase revenues. Trolltech's
software improves the user experience by increasing the appeal and
quality of customer's applications on desktop and devices. The future
proof Qt software allows developers to code less, create more and
deploy anywhere.<br><br>Trolltech supports open source and commercial
customers. The company has offices in California, U.S.A.; Brisbane,
Australia; Beijing, China; Berlin and Munich, Germany; Oslo, Norway. It
is listed on the Oslo Stock Exchange under the ticker symbol TROLL. For
more information about Trolltech, please visit <a href="http://www.trolltech.com">www.trolltech.com</a>.<br>