Changes in Nokia Corporation's own shares

Nokia CorporationStock Exchange Release13 July 2022 at 16.15 EEST

Changes in Nokia Corporation's own sharesEspoo, Finland – A total of 175 261 Nokia shares (NOKIA) held by the company were today transferred 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 3 February 2022.

The number of own shares held by Nokia Corporation following the transfer is 72 784 100.

About NokiaAt Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

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Inquiries:

NokiaCommunicationsPhone: +358 10 448 4900Email: [email protected]Maria Vaismaa, Global Head of Public Relations

NokiaInvestor RelationsPhone: +358 40 803 4080Email: [email protected]

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