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Nokia Corporation: Repurchase of own shares on 02 March

Espoo, Finland – On 02 March 2022 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
XHEL 305,451 4.77
CEUX 16,968 4.79
AQEU 7,922 4.78
TQEX 959 4.79
Total 331,300 4.77

* Rounded to two decimals

On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the current authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in traches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 started on 14 February 2022 and ends by 22 December 2022 with a maximum aggregate purchase price of EUR 300 million.

Total cost of transactions executed on 02 March 2022 was EUR 1,581,062.99. After the disclosed transactions, Nokia Corporation holds 53,500,637 treasury shares.

Details of transactions are included as an appendix to this announcement.

On behalf of Nokia Corporation

BNP Paribas Exane

CT Bureau

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