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Nokia Corporation: Repurchase of own shares on 24.01.2025

1. Nokia repurchased 872,093 shares at an average price of €4.40 each. 2. The total cost of the January 24 repurchase was €3,835,814. 3. Nokia's buyback program aims to offset dilution from Infinera share issuance. 4. The program will repurchase 150 million shares by December 2025. 5. Nokia currently holds 231,670,526 treasury shares after buybacks.

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Why Bullish?

Share buybacks can enhance shareholder value by reducing share dilution, similar to past bullish impacts observed in other tech companies like Microsoft and Apple.

How important is it?

The strategic repurchase indication of strong capital management practices is likely to attract investor confidence, similar to previous successful buyback campaigns.

Why Long Term?

The ongoing buyback program suggests a positive long-term outlook, as seen in historical trends affecting stock prices during large repurchase announcements.

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INFINERAMSFTAAPL
Nokia CorporationStock Exchange Release24 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 24.01.2025 Espoo, Finland – On 24 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*XHEL872,0934.40CEUX--BATE--AQEU--TQEX--Total872,0934.40 * 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 24 January 2025 was EUR 3,835,814. After the disclosed transactions, Nokia Corporation holds 231,670,526 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 2025-01-24

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