Following the initial announcement on February 14, 2006, based on joint negotiations and extensive analysis, SANYO and Nokia concluded that it is more beneficial to pursue other options individually for their CDMA handset businesses.

SANYO and Nokia continue to value their long-standing relationship and will leverage this to meet customer and market expectations.

SANYO and Nokia will announce their future plans for their respective CDMA businesses in due course.

About SANYO
SANYO is a leading provider of Environment and Energy-related products, with its ‘Think GAIA’ vision, which aims to create solutions for a sustainable Earth by synergizing SANYO’s core technologies, such as photovoltaic systems, rechargeable batteries, CO2 compressors, HEV battery systems as well as digital cameras, mobile phones, electronic devices and components, etc. For further information, please visit SANYO's web site at http://www.global-sanyo.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.