August 31, 1999 � Nokia and Deutsche Bank announced today that they have agreed on a cooperation to jointly develop new mobile banking services based on Wireless Application Protocol (WAP). The new WAP protocol enables Internet access with a mobile phone and, among others, mobile banking services.

Nokia will provide its Nokia WAP Server, Nokia 7110 media phones, and consultancy services. WAP-based mobile banking services will enable Deutsche Bank to offer its customers a new online channel for banking. Deutsche Bank is the first universal bank to announce WAP-based mobile banking services in Germany.

The Wireless Application Protocol (WAP) is an open de-facto standard for Internet content and advanced telephony services in digital mobile phones and other wireless terminals. The standard enables manufacturers, network operators, content providers and application developers to offer compatible products and secure services on all digital devices and networks resulting in greater economies of scale and universal access to information. The WAP Forum, which now has over 130 members, has published a global wireless protocol specification for all wireless networks. The WAP-Forum is open to all participants.

About Deutsche Bank

Deutsche Bank Group, headquartered in Frankfurt, Germany, is the world's largest financial services group with total assets exceeding EUR800m. The Group employs more than 90,000 people and is represented in more than sixty countries to serve almost 7 million customers around the world. With 1,400 branches in Germany, over 260 branches in Italy and in Spain and numerous branches in other European countries Deutsche Bank is the biggest bank in the euro currency zone. Deutsche Bank offers all kinds of personal financial services to retail and private customers with its extensive branch network in Europe. Customers can also send orders to the bank by telephone, self-service terminals and home-banking systems, including Internet. The emphasis in the bank's advisory work is on portfolio investment and personal finance. Worldwide, the bank provides strategic private banking services. For more information please visit www.deutsche-bank.de

About Nokia

Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, fixed and IP networks including related services. It also supplies multimedia terminals and computer displays. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion). Headquartered in Finland, Nokia is listed on the New York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges and employs more than 51 000 people.

Nokia Wireless Software Solutions, part of the Nokia Internet Communications unit, focuses on the development of WAP technology and mobile solutions and applications for corporations and service providers, as well as mobile software platforms for software developers and system integrators. Internet: www.nokia.com/corporate/wap

Contact information:

Nokia Wireless Software Solutions
Mr. Veli-Matti Pelho
Nokia Wireless Software Solutions
Professional Services
tel: +358 9 511 21

Deutsche Bank
Corporate Center
Press Department
Klaus Thoma
tel: +49 69 910 33405