Giesecke & Devrient and Nokia to provide secure application management services for NFC enabled mobile devices

Munich/Helsinki (ots) -

New global joint venture to allow mobile operators, transport
operators, retailers, banks, credit card companies, and providers
of digital services and media worldwide to offer their services
and applications to consumers' Near Field Communication (NFC)
enabled mobile devices

Giesecke & Devrient (G&D), the world's second largest producer of
smart cards, and Nokia, a world leader in mobile communications,
today announced an agreement with intent to form a joint venture.
Giesecke & Devrient will own 57 and Nokia 43 percent of the new
company. The joint venture will provide services to the NFC ecosystem
by enabling consumer applications, such as credit cards or transport
tickets, to be securely and easily downloaded over-the-air to NFC
enabled mobile devices. Over-the-air management of the consumer
applications is a critical part for the emerging NFC ecosystem, and
the joint venture will work closely together with other stakeholders
when bringing these services to the market. The joint venture is
expected to commence operations in the fourth quarter 2006.

"With the new platform and the services running on it, we are
combining two technologies of the future - cellular phones and
secure, contactless smart card technology," said Dr. Karsten
Ottenberg, CEO and Chairman of the Management Board of G&D. "Giesecke
& Devrient believes that the secure chip management platform offers
vast potential for new global markets. And we enjoy a solid first
mover advantage."

"NFC holds great promise for new and intuitive mobile services for
consumers. Nokia is committed to bring open solutions to the market
enabling the NFC ecosystem creation," said Dieter May, Vice President
and Head of Nokia Ventures Organization. “The new company will play
an important role, as its services will be available to all
stakeholders looking to introduce NFC enabled mobile services to
their customers in an easy-to-use and secure way.”

OTA Platform
The joint venture will implement and operate a secure and
versatile service platform to manage the over-the-air transactions
with consumers' NFC enabled devices. The service platform will be
operated in a white-label mode with in-built interfaces to the IT
systems of the actual service providers, such as banks issuing credit
cards. The over-the-air services will be offered to all parties in
the NFC ecosystem, where mobile operators and other service providers
are exploring the opportunities to cooperate in launching new
services to consumers.

Open to all ecosystem stakeholders
The new company's services will be available and open to any NFC
enabled devices from all vendors. Company's global scale, neutrality
and openness are corner stones for cost efficient services benefiting
all stakeholders in the NFC ecosystem. The company service offering
will also help to harmonize the way how the applications are
provisioned to consumers, thus preventing the fragmentation of the
related NFC services.

Consumer experience
Once an application, for example a credit card, has been securely
provisioned to the NFC enabled phone, customers can pay by simply
waving their phone at a point-of-sale reader. This convenient, fast
transaction comes courtesy of the phone's built-in NFC technology. It
imbues mobile phones with the functionality found in standard
contactless smart cards that are used worldwide in credit cards and
tickets for public transit systems.

In addition to being compatible with existing contactless card
acceptance infrastructure, an NFC enabled phone provides other
benefits to consumers, such as capability to view transactions and
data on the phone display and to buy tickets directly to the phone
anywhere anytime. An NFC phone can also be used to access services by
simply touching with the phone a service poster embedded with an RFID
chip.

NFC leadership
Nokia, a founder member of the NFC Forum, has been actively
involved in the NFC ecosystem development and related first projects
for three years, and G&D is one of the first companies in the world
to provide over-the-air application management solutions for NFC
enabled devices. The new company will be well positioned to provide
its services to the market, leveraging both Nokia's expertise as the
global market leader in mobile phones and G&D's extensive experience
in smart card based solutions and services.

Press information
Giesecke & Devrient and Nokia will host two Press conference calls
today, Tuesday, June 27, 2006 at 1.00pm and 7.00pm Central European
Summer Time to discuss this announcement. The first conference call
is mainly targeted to European and APAC audience, and the second to
Americas. Conference call number: +358 7180 71870, Conference ID:
34071, PIN-code: 142004.

About Giesecke & Devrient:
Giesecke & Devrient (G&D), based in Munich, Germany, is an
international technology group operating subsidiaries and joint
ventures throughout the world. Founded in Leipzig in 1852, G&D began
as a printer of securities, and later specialized in banknote
production. The company has been developing solutions and complete
systems for automatic currency processing since 1970. Today, G&D is
also a technology leader in smart cards, and a solutions provider in
a wide range of fields, including telecommunications, electronic
payments, identification, health, transportation, and IT security
(PKI). In fiscal 2005, the Group employed more than 7,500 people and
generated a revenue of ¤1.24 billion. For more information, visit our
Web site at www.gi-de.com.

About Nokia:
Nokia is a world leader in mobile communications, driving the
growth and sustainability of the broader mobility industry. Nokia
connects people to each other and the information that matters to
them with easy-to-use and innovative products like mobile phones,
devices and solutions for imaging, games, media and businesses. Nokia
provides equipment, solutions and services for network operators and
corporations. Further information is available at www.nokia.com.

It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A)
the timing of product and solution deliveries; B) our ability to
develop, implement and commercialize new products, 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; and G) statements preceded by "believe,"
"expect," "anticipate," "foresee," "target," "estimate," "designed"
or similar expressions are forward-looking statements. Because these
statements 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
extent of the growth of the mobile communications industry, as well
as the growth and profitability of the new market segments within
that industry which we target; 2) the availability of new products
and services by network operators and other market participants; 3)
our ability to identify key market trends and to respond timely and
successfully to the needs of our customers; 4) the impact of changes
in technology and our ability to develop or otherwise acquire complex
technologies as required by the market, with full rights needed to
use; 5) competitiveness of our product portfolio; 6) timely and
successful commercialization of new advanced products and solutions;
7) price erosion and cost management; 8) the intensity of competition
in the mobile communications industry and our ability to maintain or
improve our market position and respond to changes in the competitive
landscape; 9) our ability to manage efficiently our manufacturing and
logistics, as well as to ensure the quality, safety, security and
timely delivery of our products and solutions; 10) inventory
management risks resulting from shifts in market demand; 11) our
ability to source quality components without interruption and at
acceptable prices; 12) our success in collaboration arrangements
relating to development of technologies or new products and
solutions; 13) the success, financial condition and performance of
our collaboration partners, suppliers and customers; 14) any
disruption to information technology systems and networks that our
operations rely on; 15) our ability to protect the complex
technologies that we or others develop or that we license from claims
that we have infringed third parties' intellectual property rights,
as well as our unrestricted use on commercially acceptable terms of
certain technologies in our products and solution offerings; 16)
general economic conditions globally and, in particular, economic or
political turmoil in emerging market countries where we do business;
17) developments under large, multi-year contracts or in relation to
major customers; 18) exchange rate fluctuations, including, in
particular, fluctuations between the euro, which is our reporting
currency, and the US dollar, the Chinese yuan, the UK pound sterling
and the Japanese yen; 19) the management of our customer financing
exposure; 20) our ability to recruit, retain and develop
appropriately skilled employees; and 21) the impact of changes in
government policies, laws or regulations; as well as 22) the risk
factors specified on pages 12 - 22 of the company's annual report on
Form 20-F for the year ended December 31, 2005 under "Item 3.D Risk
Factors."

Originaltext: Giesecke & Devrient GmbH
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Contact:
Giesecke & Devrient GmbH
Andrea Bockholt, Pressesprecherin
Prinzregentenstraße 159, D-81607 München
Telefon: +49 89 41 19-2422, Fax: -2020
E-mail: andrea.bockholt@gi-de.com

Nokia
Communications
Tel. +358 7180 34900
E-mail: press.office@nokia.com

Nokia Ventures Organization
Communications
Tel +358 7180 45792