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Nokia Corporation: Repurchase of own shares on 21.03.2025

1. Nokia repurchased 4.2 million shares at €4.92 each across various venues. 2. Share buyback program aims to counteract dilution from Infinera share issuance. 3. Program targets 150 million shares for total cost of up to €900 million. 4. As of this announcement, Nokia holds 190 million treasury shares. 5. The buybacks comply with regulatory standards and shareholder authorizations.

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FAQ

Why Bullish?

Share buybacks can enhance EPS and signal confidence, drawing investor interest. Historically, companies engaging in buybacks often see a rise in share prices.

How important is it?

The buyback demonstrates Nokia's commitment to shareholder value and can attract more investors, influencing market perception.

Why Short Term?

Immediate demand from buybacks can increase stock value quickly. However, the sustained impact depends on market conditions and future financial performance.

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INFIMSFTERIC
Nokia CorporationStock Exchange Release21 March 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 21.03.2025 Espoo, Finland – On 21 March 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*XHEL2,740,2794.92CEUX1,298,3074.91BATE--AQEU--TQEX189,1854.92Total4,227,7714.92 * 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 21 March 2025 was EUR 20,782,877. After the disclosed transactions, Nokia Corporation holds 190,328,538 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 2025-03-21

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