Nokia 2007 Annual Report Download - page 145

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As described in “Management’s Annual Report on Internal Control Over Financial Reporting” appearing
under Item 15(b), management has excluded the nonintegrated activities from the acquisition of
Siemens AG’s carrierrelated operations from its assessment of internal control over financial reporting
as of December 31, 2007 because it was acquired by the Company in a purchase business combination
during 2007. Therefore, we have also excluded these nonintegrated activities of Siemens AG’s carrier
related operations from our audit of internal control over financial reporting. Siemens AG’s carrier
related operations are a component of the Company’s Nokia Siemens Networks reporting segment
whose total assets and total revenues of nonintegrated activities represent 18% and 12%, respec
tively, of the related consolidated financial statement amounts as of and for the year ended
December 31, 2007.
/s/ PricewaterhouseCoopers Oy
PricewaterhouseCoopers Oy
Espoo, Finland
March 19, 2008
F2