Company: NOKBF
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001104659-25-012639
Chunk: 3

Company: NOKIA CORP
Filing Date: 2025-02-13
Form: 6-K
Chunk 3
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 Board member’s
home location and the location of a meeting and paid for a maximum of seven meetings per term as follows:

| · | EUR 5 000 per meeting requiring intercontinental travel; and |
| · | EUR 2 000 per meeting requiring intracontinental travel.     |

Only one meeting fee is paid if the travel entitling to the fee includes several meetings of the Board and the Committees. Moreover, it is proposed that members of the Board shall be compensated for travel and accommodation expenses as well as other costs directly related to Board and Committee work.

13. Resolution on the number of 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 number of Board members be ten (10). However, should
any number of the candidates proposed by the Board not be available for election to the Board, the proposed number of Board members shall
be decreased accordingly.

14. Election of 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 for a term until the close of the next Annual General
Meeting, the following persons are elected as Board members in an individual election:

| 1)  | Timo                                    
 Ahopelto (current member);              |
| 2)  | Sari                                    
 Baldauf (current member, Chair);        |
| 3)  | Elizabeth                               
 Crain (current member);                 |
| 4)  | Thomas                                  
 Dannenfeldt (current member);           |
| 5)  | Pernille                                
 Erenbjerg (new member candidate);       |
| 6)  | Lisa                                    
 Hook (current member);                  |
| 7)  | Timo                                    
 Ihamuotila (new member candidate);      |
| 8)  | Mike                                    
 McNamara (current member);              |
| 9)  | Thomas Saueressig (current member); and |
| 10) | Kai Öistämö (current member).           |

The biographical details of all Board member candidates are presented on the Company’s website at.

The Corporate Governance and Nomination Committee
has assessed that the proposed Board members enable the efficient functioning of the Board and are qualified both collectively and individually
based on their skills, experience and other personal qualities, taking into account the diversity principles established by the Board
as well as the current and anticipated