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Nokia Corporation: Repurchase of own shares on 13.01.2025

1. Nokia repurchased 872,093 shares at €4.34 each on January 13, 2025. 2. A buyback program aims to repurchase 150 million shares by December 2025. 3. Total expenditure for January 13 buybacks was approximately €3.78 million. 4. The buyback offsets dilution from shares issued related to Infinera acquisition.

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FAQ

Why Bullish?

Share buybacks typically signal confidence in the company's future. This could help stabilize or increase share prices, similar to past buybacks boosting Nokia's stock.

How important is it?

This share buyback program directly affects supply and demand for NOK shares. Past buybacks have successfully increased investor confidence.

Why Short Term?

The immediate positive impact from buybacks might be felt quickly. However, long-term effects depend on broader market conditions and company performance.

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Nokia CorporationStock Exchange Release13 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 13.01.2025 Espoo, Finland – On 13 January 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*XHEL872,0934.34CEUX--BATE--AQEU--TQEX--Total872,0934.34 * 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 13 January 2025 was EUR 3,782,267. After the disclosed transactions, Nokia Corporation holds 227,346,987 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. 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 2025-01-13

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