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Nokia Corporation: Repurchase of own shares on 26.02.2025

1. Nokia repurchased 1,400,000 shares at €4.74 each. 2. Share buyback aims to mitigate dilution from Infinera acquisition shares. 3. Total buyback program targets 150 million shares and €900 million. 4. Nokia holds 259,917,814 treasury shares post-repurchase. 5. The buyback program runs until December 2025.

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FAQ

Why Bullish?

Share buybacks typically indicate confidence in future earnings and share value retention. Historical examples show positive market reactions to similar buyback initiatives.

How important is it?

The buyback reflects a strategic move to enhance shareholder value, which can lead to increased investment interest.

Why Long Term?

The ongoing buyback program will positively affect share availability and pricing over time, akin to previous successful programs in other tech firms.

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Nokia CorporationStock Exchange Release26 February 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 26.02.2025 Espoo, Finland – On 26 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*XHEL1,400,0004.74CEUX--BATE--AQEU--TQEX--Total1,400,0004.74 * 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 26 February 2025 was EUR 6,629,280. After the disclosed transactions, Nokia Corporation holds 259,917,814 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 2025-02-26

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