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Nokia has Published Its Nokia in 2024 Annual

Report and Filed Its Annual Report on Form 20-F
for 2024

Nokia has published its Nokia in 2024 Annual Report, which
includes audited financial statements, the annual review by the
Board of Directors, including the Sustainability Statement, Nokia’s
corporate governance statement and the Remuneration Report
for the governing bodies for 2024. Additionally, Nokia has filed its
Annual Report on Form 20-F for 2024 with the U.S. Securities and
Exchange Commission. The Nokia in 2024 Annual Report and the
Annual Report on Form 20-F will be available in PDF format at www.
nokia.com/financials. The corporate governance statement will be
available also at www.nokia.com/about-us/company/leadership-
and-governance and the Remuneration Report at https://www.
nokia.com/about-us/company/leadership-and-governance/
remuneration/. The financial statements are also published in
XHTML format in accordance with the European Single Electronic
Format (ESEF) reporting requirements. In accordance with ESEF
requirements, the consolidated financial statements are marked Sustainability Statement, published as part of the annual review by
with iXBRL tags. The audit firm Deloitte Oy has provided an the Board of Directors, is prepared in accordance with the European
independent auditor’s report on Nokia’s ESEF financial statements Sustainability Reporting Standards (ESRS), the reporting standards
based on a reasonable assurance engagement it has performed referred to in Chapter 7 of the Finnish Accounting Act and Article 8
in accordance with International Standard on Assurance of the EU Taxonomy Regulation and it has been assured by Deloitte
Engagements ISAE 3000. The ESEF financial statements in Finnish Oy which has provided a limited assurance report in accordance
are available in the zip file attached to this release and at https:// with International Standard on Assurance Engagements ISAE 3000
www.nokia.com/about-us/investors/results-reports/. Nokia’s (revised).

Nokia and Honeywell Aerospace Join Canadian Quantum-Secure Networks
Testbed

Nokia and Honeywell Aerospace Technologies are working with
Canadian non-profit group Numana to develop quantum-safe net-
works for enterprises and service providers. A press statement
said the work is focused on quantum-safe networks “in Montre-
al, Canada, and worldwide”. Apparently, quantum communication
is “poised” to have a “profound impact” on Canada. The arrange-
ment is about innovation and collaboration, they said. It is also to
“raise awareness” to accelerate adoption of higher-grade quan-
tum-secure networks. Numana has a quantum networks testbed
facility (called Kirq Quantum Communication Testbed) in Mon-
treal, in Quebec in Canada, for validating new quantum-resistant
and quantum communication technologies. Honeywell Aerospace
Technologies will introduce quantum-secure encryption keys
from space to terrestrial data centers, applications, and networks.
Nokia said it will provide expertise in “post-quantum networking”,
incorporating itsIP routers, optical transport nodes, and quantum
cryptographic technologies, plus “practical experience and proven
success in real-world deployments”. It said it will use the testbed
to “foster collaborative-based innovations” for the “development
of solutions within the broader quantum technology ecosystem”.
A statement said: “The Numana facility will serve as a hub where
enterprises, research institutions, and government agencies can
explore, evaluate, and validate secure networking technologies
in a real-world environment. The arrival of Nokia and Honeywell

21 MARCH-APRIL 2025