Finland

Espoo, Finland – Nokia today announced the appointment of Esa Niinimäki as Chief Legal Officer and member of the Group Leadership Team, effective January 25, 2023. Esa has worked at Nokia for more than 15 years where he has held multiple positions, most recently Interim Chief Legal Officer. Prior to this role he was Vice President, Deputy Chief Legal Officerand Board Secretary where he defined strong governance practices for Nokia. Esa also served as General Counsel of Nokia’s global services business group, Head of Corporate Legal of NSN and Senior Legal Counsel, Legal and IP, for the IMEA region. Before joining Nokia Esa worked as Group Legal Counsel for Metsä Group and as an associate lawyer at White & Case LLP. “I am delighted to announce the appointment of Esa Niinimäki as Chief Legal Officer. He is a deeply experienced leader who has been an influential contributor to Nokia’s strategy. He has earned the trust and respect of the Group Leadership Team and Board of Directors. Esa has a strong vision for Nokia’s legal function and will ensure it continues to be a strategic partner to the business,” saidPekka Lundmark, President and Chief Executive Officer at Nokia. “Nokia has a strong ethics culture with compliance as a key value, uniting the efforts of the business and legal teams. I am honored to lead this best-in-class legal and compliance function and bemember of the Group Leadership Team as the company continues its strategic transformation,” commented Esa Niinimäki. Esa continues to be based in Finland and report to Nokia’s President and Chief Executive Officer, Pekka Lundmark. Additional background information on all current members of the Group Leadership Team can be found at: www.nokia.com/en_int/investors/corporate-governance/group-leadership-team.   About Esa Niinimäki Born: 1976 Nationality: Finnish Education: Master of Laws, Fordham University – School of Law, New York, 2003 Master’s Degree in Law, University of Helsinki, …

5 January 2023: Espoo, Finland – Nokia today announced that Rolf Werner has joined the company as the Senior Vice President of its European region, reporting directly to Chief Customer Experience Officer, Ricky Corker. Bringing more than 25 years’ business and industry experience, Rolf joins Nokia from Cognizant Technology Solutions, where he was the CEO of Germany, with responsibility for the DACH region. DACH is a top three region for Cognizant Technology, and under his leadership, the company delivered double-digit growth for the region, including the acquisition of ESG Mobility. During his career, Rolf has held senior positions at Fujitsu, Global Logic, and T-Systems, where he led the turnaround of T-Systems’ French organization, across the whole organizational framework. Heading Nokia’s Europe Region, Rolf will help drive Nokia’s already significant growth and market share. In addition, he will deepen Nokia’s relationships with key European customers and support the company’s growth ambitions into new market segments. Nokia will continue to support Europe’s ambitions to be a powerhouse of innovation, globally, and Rolf’s team will guide CSPs and Enterprises as they deploy 5G, fiber broadband and private wireless. Ricky Corker, Chief Customer Experience Officer of Nokia, said: “I am thrilled to welcome Rolf to the company. Having a broad experience across the industry, gained in software, service providers and in many other areas, means that Rolf will be able to help guide Nokia’s European organization through the next stage of our corporate development.” Rolf Werner, Senior Vice President Europe at Nokia, said: “This is an excellent time to join Nokia. It is clear that Nokia has an excellent opportunity to seize the market as one of very few companies that can offer solutions to its customers across the full range of technologies available in the industry.” Nokia is supplying 5G and many other technologies across its portfolio to major service providers …

Three-year partnership agreement to help protect biodiversity in the Baltic Sea for future generations. The John Nurminen Foundation has been working to save the Baltic Sea and its heritage since 1992. The partnership will explore the potential role of digital technology to monitor and help restore a healthy ecosystem in the Baltic Sea. 14 December 2022: Espoo, Finland – Nokia has today announced a new collaboration with the John Nurminen Foundation to protect the Baltic Sea and support the regeneration of a healthy biodiverse ecosystem. This activity is in line with Nokia’s recently announced enhanced Environmental, Social and Governance (ESG) strategy, as well as a broader longstanding commitment to advancing the role of technology in combatting climate change and minimizing environmental impacts. Nokia has committed to a three-year collaboration with the John Nurminen Foundation at a time when the Baltic Sea faces innumerable challenges. As a shallow inland sea, discharges of nitrogen and phosphorous from the surrounding area risk damaging eutrophication*, affecting oxygen levels and biodiversity within the local environment. Climate change can affect this cycle even further. The John Nurminen Foundation has been working since 1992 on improving understanding of the Baltic Sea and highlighting the risks that it faces, running a series of projects to improve the quality of the water, reducing the nutrient load, and associated environmental problems like eutrophication and nature loss. Nokia is focused on the role its products play in solving some of the world's most pressing challenges, using connectivity and digitalization to restore stalled productivity, provide inclusive access to opportunity and relieve pressure on the environment and natural ecosystems. 5G, sensors, analytics and other advanced technologies will play an increasingly critical role in supporting the conservation and sustainability of our natural environment by providing …

Companies to deliver first prototype with embedded 4.9G/LTE and 5G network measurement software within an unmanned aerial vehicle (UAV). It will use QualiPoc software from Rohde & Schwarz integrated in Nokia Drone Networks, which includes the Digital Automation Cloud private wireless network and MX Industrial Edge. The solution reduces drone weight and power consumption resulting in increased flight times for CSP public and enterprise private wireless networks measurement activities. 13 December 2022: Espoo, Finland – Nokia today announced it has signed a Memorandum of Understanding (MoU) with leading network measurement technology provider, Rohde & Schwarz, to embed QualiPoc 4.9G/LTE and 5G network measurement capabilities into the Nokia Drone Networks platform. This first software-embedded solution of its kind will expand the use cases for drones to provide communication service providers (CPS), private wireless partners and enterprises with deeper knowledge around their wireless network coverage and performance for more efficient utilization.   Nokia and Rohde & Schwarz will jointly work on a prototype that integrates mobile network measurement and troubleshooting QualiPoc capabilities using QualiPoc software from Rohde & Schwarz, embedded directly into the Nokia drone, connected to the MX Industrial Edge (MXIE) over the Digital Automated Cloud (DAC). This will enable early trials for customers such as port authorities or in the mining industry to collect data and measure the outdoor or underground network experience and quality in real time.   Currently this information can be accessed by using a QualiPoc Android empowered smartphone device attached to a drone as payload. With a software-embedded solution, Nokia and Rohde & Schwarz aim at reducing the drone weight for these activities, resulting in lower power consumption and longer flight times, for more efficient and sustainable …

Espoo, Finland – In line with the announcement on 3 February 2022, the Board of Directors of Nokia Corporation ("Nokia" or the "Company") has today decided to launch the second EUR 300 million phase of the share buyback program that aims to return up to EUR 600 million of cash to its shareholders in tranches over a period of two years. Repurchases are expected to resume in earlyJanuary. The first phase of the share buyback program with a maximum aggregate purchase price of EUR 300 million was initiated on 14 February 2022 and it was completed on 11 November 2022. The main terms of the second phase of the share buyback program: The aggregate purchase price of all Nokia shares to be acquired shall not exceed EUR 300 million. The repurchases will start at the earliest on 2 January 2023 and end at the latest by 21 December 2023. The purpose of the repurchases is to optimize Nokia's capital structure through the reduction of capital. The repurchased shares will be cancelled accordingly. The repurchases will be fundedusing funds in the reserve for invested unrestricted equity and the repurchases will reduce total unrestricted equity. The repurchases are based on the authorization granted by Nokia's Annual General Meeting on 5 April 2022. The maximum number of shares that can be repurchased under the secondphase of the program is 275 000 000 shares corresponding to approximately 5% of the total number of shares in Nokia. The shares will be acquired through public trading on the regulated market of Nasdaq Helsinki and selected multilateral trading facilities. No repurchases will be made in the United States. Nokia has appointed a third-party broker as the lead-manager for the second phase of the buyback program. The lead-manager will make trading decisions independently of and withoutinfluence from Nokia. The repurchases will be carried out in accordance with the so-called safe harbour rules referred to in Article 5 of the EU Market Abuse Regulation (EU …