Speakers:
Justin Hotard, President and CEO, Nokia
Marco Wirén, CFO, Nokia

For those wishing to ask a question:
We encourage media and analysts who wish to ask a question to pre-register for the conference call using the link below. Participants who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the operator. Participants may pre-register at any time, including up to and after the call start time.

To pre-register:

PLEASE NOTE! If you wish to ask a question on the call, you MUST MUTE the webcast and ONLY USE the participant dial-in during the Q&A session as there is a delay of approximately 15-30 seconds.

The question and answer session will be limited to members of the media and financial analysts only.

For those who do not wish to pre-register, please use the following dial-in numbers and ask for the “ Nokia Conference Call”:

Also, a replay of the call will be available one hour after the call ends and may be accessed until 23 November 2025.

To access the replay using an international dial-in number, please select the link below.

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 the future.

Inquiries:

Nokia Communications
Phone: +358 10 448 4900
Email: ...
Maria Vaismaa, Global Head of External Communications

Nokia
Investor Relations
Phone: +358 931 580 507
Email: ...

FORWARD-LOOKING STATEMENTS
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits, including as a result of the transaction and the partnership with NVIDIA; B) expectations, plans or benefits related to future performance of our businesses, including as a result of the transaction and partnership with NVIDIA, (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers' businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance, results of operations and use of proceeds, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; F) timing of completion of the transaction; and G) any statements preceded by or including“anticipate”,“continue”,“believe”,“envisage”,“expect”,“aim”,“will”,“target”,“may”,“would”,“could“,“see”,“plan”,“ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include(1) the possibility that the conditions to the closing of the transaction are not satisfied, or the occurrence of any event, change or other circumstance that could give rise to a right to terminate the transaction; (2) the possibility that the stock price of Nokia could fluctuate during the pendency of the transaction and may decline if the transaction is not completed; (3) uncertainty as to the timing of completion of the transactions and the ability of each party to consummate the transactions; and (4) those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.