Nokia Corporation has initiated the first phase of its €300M share buyback program, as announced on January 25, 2024. The buyback, starting no earlier than March 20, 2024, and concluding by December 18, 2024, aims to optimize capital structure by reducing capital through the cancellation of the repurchased shares. Funded by the reserve for invested unrestricted equity, the program is authorized to repurchase up to 200 million shares, about 4% of total shares, excluding the U.S. market. The repurchases will be managed by a third-party broker to ensure independence and compliance with EU Market Abuse Regulation.