REG-Changes in Nokia Corporation's own shares

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Nokia Corporation
Stock Exchange Release
16 June 2025 at 15:00 EEST

Changes in Nokia Corporation's own shares

Espoo, Finland – A total of 289 221 Nokia shares (NOKIA) held by the
company were transferred today without consideration to participants of
Nokia's equity-based incentive plans in accordance with the rules of the
plans. The transfer is based on the resolution of the Board of Directors to
issue shares held by the company to settle its commitments to participants of
the plans as announced on 22 November 2024.

The number of own shares held by Nokia Corporation following the transfer is
65 409 825.

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, 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 Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Maria Vaismaa, Global Head of External Communications

Nokia
Investor Relations
Phone: +358 931 580 507 
Email: investor.relations@nokia.com