Press Release

CVS and Nokia Launch Industry's First Camera Phone Marketing Alliance

Agreement Designed to Leverage Digital Imaging Technology and Services Leadership of Both Companies

WOONSOCKET, R.I., June 22 /PRNewswire-FirstCall/ -- CVS/pharmacy (NYSE: CVS)
and Nokia (NYSE: NOK) announced today that they have entered into a 2004
exclusive marketing agreement for the cross-promotion of Nokia's camera-equipped
mobile phones and CVS' in-store camera phone printing technology in a variety of
marketing and advertising programs.

As part of the agreement, the first of its kind in the retail industry, CVS
and Nokia have launched a co-branded Website at http://www.cvsandnokia.com. The
site offers Nokia camera and video phones to CVS customers, who are eligible for
rebate coupons up to $150 on Nokia phone purchases.

The CVS/Nokia agreement marks CVS' latest move to solidify its position as
the national retail leader in digital photo processing. The company is currently
the only national retailer to offer consumers the ability to print photos from
their camera phones, and was the first national retailer to offer chainwide
in-store digital photo printing.

"Being the first retailer to offer wireless camera phone printing using
InfraRed or Bluetooth led us to work with Nokia, a company that is devoted to
being at the leading edge of mobile imaging technology," explained Grant Pill,
Category Manager of Photo Processing at CVS/pharmacy. "Camera phones are the
next generation of digital photography and CVS is committed to ensuring its
customers have an easy way to take part in this revolution."

"Taking pictures with a camera phone is just the beginning. As more people
begin sending, sharing and printing the images that they capture, working with
other imaging leaders, like CVS, becomes increasingly important," said Nigel
Rundstrom, Vice President of Multimedia Sales and Channel Development for Nokia.
"Nokia looks forward to our continuing relationship with CVS as we work together
to create easier and more convenient ways for our customers to print and share
their memories."

Nokia is the largest maker of image capture devices in the world and will
soon offer one megapixel camera phones in the United States, representing a
breakthrough in the overall quality of photos printed from camera phones.

As part of the agreement, CVS and Nokia have launched a joint print
advertising campaign in leading retailing and photo trade magazines. Nokia
camera phone promotions are also featured in CVS' Sunday newspaper circular,
which reaches over 35 million households.

In the future, Nokia will also provide test phones to many CVS locations,
giving customers the opportunity to snap and print trial camera phone photos and
receive information on purchasing Nokia phones.

Last year, camera phones outsold conventional digital cameras for the first
time and in 2004, camera phone sales in America are expected to outsell
conventional digital cameras by 3-1. In 2005, an estimated 70 billion digital
images will be captured and over 60 billion of these images will be captured by
camera phones (Source: The Future Image Mobile Imaging Report.).

About Nokia

Nokia is the world leader in mobile communications, driving the growth and
sustainability of the broader mobility industry. Nokia is dedicated to enhancing
people's lives and productivity by providing easy-to-use and secure products
like mobile phones, and solutions for imaging, games, media, mobile network
operators and businesses. Nokia is a broadly held company with listings on five
major exchanges.