Management shareholding

Share ownership of the Board of Directors and the Nokia Group Leadership Team

The following tables set forth the number of shares and ADSs held by the members of the Board, the President and CEO and the other members of the Group Leadership Team as of 4 May 2026.

Board of Directors

Name

Shares⁽¹⁾

ADSs⁽¹⁾

Timo Ihamuotila (Board Chair)

285 394

Thomas Saueressig (Board Vice Chair)

81 600

Timo Ahopelto

71 360

Elizabeth Crain

75 092

Thomas Dannenfeldt

141 273

Pernille Erenbjerg

25 638

Lisa Hook

85 568

Mike McNamara

49 942

Meredith Whittaker

6 758

Kai Öistämö

85 715

Group Leadership Team

Name

Position

Shares⁽¹⁾

ADSs⁽¹⁾

Justin Hotard

President and Chief Executive Officer

1 015 578

Louise Fisk

Chief Communications & Marketing Officer

66 388

Patrik Hammarén

President of Technology Standards

49 507

Victoria Hanrahan

Chief of Staff to Nokia’s President and CEO

Mikko Hautala

Chief Geopolitical and Government Relations Officer

2 800

David Heard

President of Network Infrastructure

224 356

275 368

Pallavi Mahajan

Chief Technology and AI Officer

Esa Niinimäki

Chief Legal and Administrative Officer

108 065

Konstanty Owczarek

Chief Corporate Development Officer

Kristen Pressner

Chief People Officer

Raghav Sahgal

Chief Customer Officer

660 565

Marco Wirén

Chief Financial Officer

394 157

(1) The number of shares or ADSs includes shares received as executive compensation as well as shares and ADSs acquired through other means. Stock options or other equity awards that are deemed as being beneficially owned under the applicable SEC rules are not included.