New York, October 1, 2007—Nokia has agreed to acquire all of the outstanding common stock of NAVTEQ Corporation for $78.00 per share, for an aggregate purchase price of approximately $8.1 billion. The acquisition will be financed through a combination of cash on hand and debt. Shearman & Sterling is representing Nokia in the transaction.

Attorneys included Partners George Casey (NY-MA), Doreen Lilienfeld (NY-ECEB), Peter Lyons (NY-MA), Tina Patel (MP-IP), Bernie Pistillo (NY-TX), Ken Prince (NY-AT) and Matthew Readings (LO-AT), counsel Lisl Dunlop (NY-AT), consultant Christopher Bright (LO-AT), associates Alexandros Aldous (NY-MA), Craig Culbert (NY-MA), Allison Harris (NY-ECEB), Sharon Herman (NY-IP), Antonia Horrocks (LO-AT), Daniel Litowitz (NY-MA), George Milton (LO-AT), Coleen O’Mara (NY-ECEB), Itai Ran (NY-TX), Kevin Roggow (NY-MA), Dicky Tsang (NY-MA), Shirley Wang (NY-IPT) and Brenda Zelin (NY-ECEB), law clerk Amy Kalil (NY-MA), and legal assistant Courtney Mosca (NY-MA).