Company: NOKBF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0001104659-25-007369
Chunk: 2

Company: NOKIA CORP
Filing Date: 2025-01-30
Form: 6-K
Chunk 2
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okia.com/agm2025.

The Corporate Governance and Nomination Committee will propose in the assembly meeting of the new Board of Directors after the Annual General Meeting that Sari Baldauf be re-elected as the Chair of the Board and Timo Ihamuotila be elected as the Vice Chair, subject to their election to the Board.

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.                                                                                                                                      |

In line with Nokia’s Corporate Governance Guidelines, 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.

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 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.

www.nokia.com

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