Company: NOKBF
Filing Date: 2025-02-13
Form Type: 6-K
Source: 0001104659-25-012639
Chunk: 11

Company: NOKIA CORP
Filing Date: 2025-02-13
Form: 6-K
Chunk 11
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 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 the future.

Inquiries:

Nokia Communications

Phone:+358 10 448 4900

Email: press.services@nokia.com

Maria Vaismaa, Global Head of External Communications

Nokia Investor Relations

Phone:+358 931 580
507

Email: investor.relations@nokia.com

www.nokia.com

| Nokia Corporation   
 Remuneration Policy |

| 1 / 9 Remuneration Policy © 2025 Nokia                                                                       
 Remuneration Policy                                                                                          
 Introduction                                                                                                 
 This Remuneration Policy (the “Policy”) outlines Nokia’s general principles and framework of remuneration    
 of the Board of Directors (the “Board”) and the President and CEO. The Policy has been prepared in           
 accordance with the Finnish Limited Liability Companies Act, Securities Markets Act and the Finnish          
 Corporate Governance Code 2025.                                                                              
 The Policy is submitted to the 2025 Annual General Meeting to be adopted through an advisory vote. The       
 Policy shall be effective for the four-year period from 2025 to 2029, unless earlier presented to the        
 General Meeting for an advisory vote due to proposed changes.                                                
 Our previous Remuneration Policy was adopted by shareholders at the 2024 Annual General Meeting.             
 During 2024, the Personnel Committee (the “Committee”) of the Nokia Board continued to monitor the           
 developments in shareholder expectations and market conditions. Following which, on the recommendation       
 of the Personnel Committee, the Board decided to propose further amendments to the Policy to ensure it       
 supports Nokia’s future growth strategy, to further align with best global market practices, to incentivize  
 longer-term decision making for sustainable shareholder value creation and to help with retention.           
 The key changes to the Policy are as follows:                                                                
 • Clarification that malus provisions shall apply to all the President and CEO’s incentive plans with the    
 same trigger events as for clawback provisions; and                                                          
 • Introduction of the possibility to grant restricted share awards to the President and CEO of up to         
 100% of annual base salary, vesting after a minimum of three years, subject to financial underpins           
 and continued service.                                                                                       
 Our remuneration philosophy