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Nokia Corporation: Repurchase of own shares on 06.02.2025

1. Nokia repurchased 1,379,268 shares at €4.64 each on February 6, 2025. 2. The buyback program aims to offset dilution from Infinera Corporation shares. 3. Nokia plans to repurchase 150 million shares, costing up to €900 million. 4. Nokia currently holds 240,903,874 treasury shares after the latest buyback. 5. This buyback is part of a broader strategy for financial stability.

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Why Bullish?

The share repurchase indicates confidence in NOK's value, typically supporting share price increase. Historical examples show stock buybacks often boost investor sentiment and stock prices.

How important is it?

The buyback is significant as it impacts supply and signaling to investors. Stock repurchase programs are crucial for shareholder value, indicating a strong cash position and positive outlook.

Why Short Term?

The immediate effect of the buyback will likely be seen quickly, influencing sentiment and price in the short term. Similar past buybacks led to immediate price improvements.

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NOKINFN
Nokia CorporationStock Exchange Release6 February 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 06.02.2025 Espoo, Finland – On 6 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL1,379,2684.64CEUX--BATE--AQEU--TQEX--Total1,379,2684.64 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases 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 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. Total cost of transactions executed on 6 February 2025 was EUR 6,405,596. After the disclosed transactions, Nokia Corporation holds 240,903,874 treasury shares. Details of transactions are included as an appendix to this announcement. On behalf of Nokia Corporation BofA Securities Europe SA About NokiaAt Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: Nokia CommunicationsPhone: +358 10 448 4900Email: press.services@nokia.comMaria Vaismaa, Global Head of External Communications Nokia Investor RelationsPhone: +358 931 580 507Email: investor.relations@nokia.com Daily Report 2025-02-06

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