Company: NOKBF
Filing Date: 2025-02-28
Form Type: 6-K
Source: 0001104659-25-018857
Chunk: 3

Company: NOKIA CORP
Filing Date: 2025-02-28
Form: 6-K
Chunk 3
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| Stock exchange release |     | 1 (2) |
| 28 February 2025       |     |       |

Nokia Corporation
Stock Exchange Release
28 February 2025 at 17:00 EET

Changes in Nokia Corporation’s own shares

Espoo, Finland – A total of 127,434,986 Nokia shares (NOKIA)
held by Nokia Corporation were transferred today to Citibank, N.A., the depositary bank for Nokia’s American Depositary Share facility,
for the distribution by Citibank, N.A., in its capacity as Exchange Agent, to such shareholders of Infinera Corporation (“Infinera”)
who have validly elected either share consideration or mixed consideration in connection with the completion of Nokia’s acquisition
of Infinera, in the form of American Depositary Shares. As previously announced by Nokia, Nokia entered into the Agreement and Plan of
Merger on 27 June 2024 among Neptune of America Corporation and Infinera (the “Merger Agreement”).

The directed issuance of shares is based on the resolution of the Board
of Directors on 22 November 2024. The subscription price for the Nokia share (NOKIA) is the closing price of Nokia’s share
(NOKIA) on Nasdaq Helsinki on the date of closing of the merger, on 28 February 2025.

The number of own shares held by Nokia Corporation following the transfer
is 133,882,828.

The rest of the merger consideration will be paid to the shareholders
of Infinera in cash. Nokia has today published a separate press release regarding the completion of the Infinera acquisition.

About Nokia

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

As a B2B technology innovation leader, we are pioneering networks that
sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property
and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem,
our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide
trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications
of