Company: NOKBF
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001104659-25-012639
Chunk: 2

Company: NOKIA CORP
Filing Date: 2025-02-13
Form: 6-K
Chunk 2
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uneration Report

The Remuneration Report 2024 will be available on the Company’s website at on week 11 of 2025. The Remuneration Report is presented to the AGM and adopted through an advisory resolution.

11. Presentation and adoption of the Remuneration Policy

The Board of Directors proposes that the Annual General Meeting shall adopt the updated Remuneration Policy. The updated Remuneration Policy is available on the Company’s website at as of today and published as an attachment to this notice. The Remuneration Policy is adopted through an advisory resolution.

12. Resolution on the remuneration of the members of the Board of Directors

On the recommendation of the Corporate Governance
and Nomination Committee, the Board proposes to the Annual General Meeting that the annual fees payable to Board members for a term ending
at the close of the next Annual General Meeting are kept at the current levels:

| · | EUR 440 000 for the Chair of the Board;                                                                                               |
| · | EUR 210 000 for the Vice Chair of the Board;                                                                                          |
| · | EUR 185 000 for each member of the Board;                                                                                             |
| · | EUR 30 000 each for the Chairs of the Audit Committee and the                                                                         
 Personnel Committee and EUR 20 000 for the Chairs of the Technology Committee and the Strategy Committee as an additional annual fee; 
 and                                                                                                                                   |
| · | EUR 15 000 for each member of the Audit Committee and the Personnel                                                                   
 Committee and EUR 10 000 for each member of the Technology Committee and the Strategy Committee as an additional annual fee.          |

The Board proposes that approximately 40%
of the annual fee be paid in Nokia shares. The rest of the annual fee would be paid in cash to cover taxes arising from the remuneration.
The Directors shall retain until the end of their directorship such number of shares that they have received as Board remuneration during
their first three years of service on the Board. If the term of a Board member terminates before the Annual General Meeting of 2026, the
Board has a right to decide upon potential reclaim of the annual fees as it deems appropriate.

www.nokia.com

| Stock exchange   
 release          | 3 (9) |
| 13 February 2025 |       |

In addition, the Board proposes that the meeting
fees for Board and Committee meetings remain at their current level. The meeting fees are based on travel required between the