Company: NOKBF
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001104659-25-012639
Chunk: 5

Company: NOKIA CORP
Filing Date: 2025-02-13
Form: 6-K
Chunk 5
---
 has informed the Company that
in the event it is elected, the key sustainability partner will be Authorized Public Accountant (KHT) and Authorized Sustainability Auditor
(KRT) Jukka Vattulainen.

19. Authorization to the Board of Directors to resolve to repurchase the Company’s own shares

The Board of Directors proposes that the Annual
General Meeting authorize the Board of Directors to resolve to repurchase a maximum of 530 million shares, which corresponds to less than
10% of the Company’s total number of shares. The repurchases under the authorization are proposed to be carried out by using funds
in the unrestricted equity, as resolved by the Board of Directors, which means that the repurchases will reduce the distributable funds
of the Company.

www.nokia.com

| Stock exchange   
 release          | 5 (9) |
| 13 February 2025 |       |

The price paid for the shares under the authorization
shall be based on the market price of the Nokia shares on the securities markets on the date of the repurchase or a price otherwise formed
in a competitive process. Shares may be repurchased to be cancelled, held to be reissued, transferred further or for other purposes resolved
by the Board of Directors. The Company may enter into derivative, share lending or other arrangements customary in capital market practice.
The shares may be repurchased otherwise than in proportion to the shares held by the shareholders (directed repurchase). The Board shall
resolve on all other matters related to the repurchase of Nokia shares.

It is proposed that the authorization be effective
until 28 October 2026 and terminate the authorization for repurchasing the Company’s shares granted by the Annual General Meeting
on 3 April 2024 to the extent that the Board has not previously resolved to repurchase shares based on such authorization.

20. Authorization to the Board of Directors to resolve to issue shares and special rights entitling to shares

The Board of Directors proposes that the Annual
General Meeting authorize the Board of Directors to resolve to issue in total a maximum of 530 million shares through issuance of shares
or special rights entitling to shares under Chapter 10, Section 1 of the Finnish Companies Act in one or more issues during the effective
period of the authorization. The Board of Directors may issue either new shares or treasury shares held by the Company. The proposed maximum
amount corresponds to less than 10% of the Company’s total number of shares.

Shares and special rights entitling