Nokia Corporation
Stock Exchange Release
2 April 2025 at 22:45 EEST

Nokia completes the share buyback program launched in November 2024

Espoo, Finland – Nokia Corporation ("Nokia" or the "Company") has now completed the share buyback program announced on 22 November 2024 the purpose of which was to offset the dilutive effect of the Infinera acquisition. Between 25 November 2024 and 2 April 2025, Nokia repurchased 150,000,000 of its own shares (FI0009000681) at an average price per share of approximately EUR 4.69.

Nokia expects to cancel the acquired shares in April 2025.

The repurchases under the share buyback program reduced the Company’s unrestricted equity by approximately EUR 703 million. Nokia Corporation now holds a total of 220,509,131 treasury shares.

The repurchases were executed otherwise than in proportion to the existing shareholdings of Nokia's shareholders (directed repurchases) through public trading on the regulated market of Nasdaq Helsinki and selected multilateral trading facilities.

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