September 25, 2001

Nokia invests in VoiceAge
Telecommunications pioneer to support VoiceAge's
growth over the next four years

Montreal, Tuesday September 25th 2001 — VoiceAge Corporation of Montréal announced today that Nokia (NYSE:NOK), the Finland-based multinational, has extended its relationship by becoming a minority stakeholder in the equity of VoiceAge. In addition to investment considerations, the agreement comprises knowledge and technology sharing, which should significantly increase business opportunities and support VoiceAge's accelerated growth over the next four years. Currently, VoiceAge expects to expand its workforce by 40% by the end of 2001 to ensure it will be able to meet the demand for its voice and multimedia compression products.

Commenting on the agreement, Sylvain Desjardins, President of VoiceAge, said: "First and foremost, we were seeking a company whose partnership would bring a value-added dimension and would be a compatible fit. We were looking for the optimal match that would enable VoiceAge to swiftly derive tangible benefits. We are delighted with this partnership agreement, essentially because Nokia brings to the table the required elements to ensure our solutions get an additional boost in key markets around the world."

Petri Haavisto, Vice President, Application Technologies, Nokia Mobile Phones, said his company's association with VoiceAge is a natural fit. "We have had a long and productive relationship with the research and development team of VoiceAge, resulting in many speech coding technologies, such as the GSM EFR and AMR codecs that have become industry standards," he remarked. "The two companies have unique synergies, and we are eager to continue this prolific cooperation to support optimal network convergence for the needs of the next generation of communication."

About VoiceAge

VoiceAge Corporation develops narrowband and wideband low bit-rate audio and multimedia compression solutions for wireless 2G, 2.5G, 3G, and voice-over-packet networks. As experienced daily by hundreds of millions of users worldwide, VoiceAge's standard and proprietary solutions, built on the world-renowned ACELP® technology, ensure unsurpassed multimedia experience. VoiceAge was founded in 1999 and is headquartered in Montreal, Canada. VoiceAge, SPOTxde and ACELP are trademarks of VoiceAge Corporation. For more information about VoiceAge, visit www.voiceage.com.