So if you use ovi contacts to sync and backup your contacts, now is a good time to save them locally on you computer.
To download your contacts, just click on the "Learn more" link on your ovi contacts page. on the next page click on the "to export your contacts Click here"
next click download now:
it should download a zip file, you can then extract the .csv file and upload to excel, or even import your contacts to outlook.
yet to confirm if this is just a rebranding exercise that will make the contacts service unavailable for a period of time or they are closing it for good!