Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: voting rights of FMR LLC in Nokia Corporation exceeded 5%

On March 5, 2026, Nokia Corporation issued a stock market release announcing that the voting rights of FMR LLC in the company have surpassed the 5% threshold, as mandated by Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). This disclosure was made following a notification received under Chapter 9, Section 5 of the FSMA. The notification revealed that FMR LLC held 5.26% of the shares and 5.05% of the voting rights of Nokia, based on a total of 5,742,239,696 shares, which also equates to the number of votes.

The report detailed FMR LLC's position, indicating that as of the date the threshold was crossed, the entity owned 302,308,805 shares, contributing to 289,732,162 voting rights. Prior notifications indicated that FMR LLC’s ownership was slightly lower at 5.04% and 4.83% for shares and voting rights, respectively.

FMR LLC has a complex structure, managing its holdings through various subsidiary entities, including Fidelity Management & Research Company and FIAM Holdings LLC, among others. This layered ownership aligns with FMR LLC’s reputation as a significant asset management company, emphasizing its active involvement in Nokia's corporate governance.

Nokia itself is positioned as a leading global provider of connectivity solutions, advancing technologies pertinent to the AI era and drawing attention for its pivotal role in enhancing global communication infrastructures. For further inquiries, Nokia Communications may be contacted at +358 10 448 4900, or via email at press.services@nokia.com.

In light of the recent notification under Chapter 9, Section 10 of the Finnish Securities Market Act, which states that FMR LLC's voting rights in Nokia Corporation have surpassed 5%, investors may want to reassess their positions regarding Nokia shares. The announcement, made on March 6, 2026, is indicative of increased institutional interest, which is often a positive sign for market sentiment.

FMR LLC has reported a 5.26% stake in Nokia, up from 5.04% in the last disclosure, suggesting a growing confidence among institutional investors regarding Nokia's future prospects. This rise in voting rights can lead to stronger corporate governance and an alignment with shareholder interests, which often translates into a more proactive management strategy and potentially enhanced shareholder value.

Nokia operates in a critical sector—telecommunications and connectivity—pivotal in the era of AI and digital transformation. As the demand for efficient communication technologies increases, Nokia’s position as a global leader in this sector could bolster its market performance. The company's ongoing initiatives in enhancing its network capabilities may attract further institutional interest, especially as trends indicate a sustained demand for robust connectivity solutions.

For existing shareholders, it may be prudent to hold their positions at this juncture, as institutional backing generally provides price support in turbulent markets. For prospective investors, entering the market could be favorable, especially if the stock experiences short-term volatility following this announcement. Given that Nokia's total shares are approximately 5.7 billion, the movement in institutional ownership—even modest—can significantly impact stock performance over time.

In summary, monitor Nokia closely for further developments and consider the implications of institutional investment trends, which could indicate both confidence in the stock’s potential and opportunities for investment.