Own shares can be repurchased on 19.01.2023

Nokia Corporation
Stock Exchange Release
19 January 2023 at 21:00 EET

Nokia Corporation: Purchase of shares 19.01.2023

Espoo, Finland – On 19 January 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

* Rounded to two decimals

On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

The total cost for transactions executed on 19 Jan 2023 was EUR 137,330.50. Nokia Corporation now holds 37,097.278 Treasury shares, after all the transactions disclosed.

An appendix contains details about transactions.

Nokia Corporation

BNP Paribas Exane

Nokia

Nokia is a technology company that makes the world work together.

We are a trusted partner in critical networks and we are committed innovation and technology leadership across fixed, mobile and cloud networks. The award-winning Nokia Bell Labs, which is a leader in long-term research and intellectual property, creates value.

We uphold high standards of integrity, security, and contribute to a world that is more productive, sustainable, inclusive, and secure.

Inquiries:

Nokia
Investor Relations
Phone: +358 40 803 4080
Email: [email protected]

David Mulholland Head of Investor Relations

Attachment