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Nokia Corporation

Stock Exchange Release

30 November 2023 at 9:00 EET

Nokia cancels repurchased shares

Nokia Corporation has today cancelled 78 301 011 Nokia shares held by the company in line with the decision by the Board of Directors. The shares were repurchased under the second EUR 300 million phase of the EUR 600 million buyback program launched in 2022 during the period between 2 January 2023 and 10 November 2023.

The cancellation of the treasury shares was registered with the Finnish Trade Register on 30 November 2023.

The cancellation of the shares does not affect the company's share capital nor total equity.

After the cancellation, the total number of shares and votes in Nokia Corporation is 5 613 496 565. After the cancellation, Nokia Corporation holds 76 437 051 treasury shares.

About Nokia

At 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.

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

Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com https://www.globenewswire.com/Tracker?data=f9twec8vbJALjwIcgfUdPDtfpr6VlKlv8pZWDqJigcqE0PbVGkdCGcAMRwANBO590iBmF0QcruPm0N0a90Oq_nRcY_0WkNVtTDzAa_xogTSFDZ8yhY7PJv80mLy2MOY0

Kaisa Antikainen, Communications Manager

Nokia

Investor Relations

Phone: +358 40 803 4080

Email: investor.relations@nokia.com https://www.globenewswire.com/Tracker?data=DA6IJri3T_j-GaJW2WRqVMyemInkWIqcFoODS6A06Gnx6z3EDBy4T61dTHq3c6zfXcmrGXSrAj_3a5ry_Z3HyrO05RZpcJ76B2X7Fz249yfOygTZaoUqjEp30Z4XL-_5

(END) Dow Jones Newswires

November 30, 2023 02:00 ET (07:00 GMT)

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