Nokia 2003 Annual Report Download - page 104

above; these services are subject to annual review by the Audit Committee. All other audit, audit-
related, tax and other services must receive a specific pre-approval from the Audit Committee.
The Audit Committee establishes budgeted fee levels annually for each of the four categories of
audit and non-audit services that are pre-approved under the Policy, namely, audit, audit-related,
tax and other services. Requests or applications to provide services that require specific approval
by the Audit Committee are submitted to the Audit Committee by both the external auditor and
the Chief Financial Officer. At each regular meeting of the Audit Committee, the external auditor
provides a report in order for the Audit Committee to review the services that the external auditor
is providing, as well as the status and cost of those services.
During 2003, services provided to Nokia by PricewaterhouseCoopers representing less than 2% of
audit-related fees (equivalent to less than 0.5% of the total fees) were approved by the Audit
Committee pursuant to the de minimis exception to the pre-approval requirement provided by
paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
Not applicable.
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
The following table sets out certain information concerning purchases of Nokia shares by Nokia
Corporation and its affiliates during 2003.
(c) Total Number (d) Maximum
of Shares Number of Shares
Purchased as that May Yet Be
(a) Total Number (b) Average Price Part of Publicly Purchased Under
of Shares Paid per Share Announced Plans the Plans or
Period Purchased(1) (EUR) or Programs(1) Programs
January 1/1/03-1/31/03 .......... 390 000 13.38 0 220 000 000(2)
February 2/1/03-2/28/03 ......... 0 0.00 0 220 000 000(2)
March 3/1/03-3/31/03 ........... 0 0.00 0 225 000 000(3)
April 4/1/03-4/30/03 ............ 11 910 000 15.13 11 500 000 213 500 000(3)
May 5/1/03-5/31/03 ............. 8 500 000 14.96 8 500 000 205 000 000(3)
June 6/1/03-6/30/03 ............. 0 0.00 0 205 000 000(3)
July 7/1/03-7/31/03 ............. 15 200 000 13.23 15 200 000 189 800 000(3)
August 8/1/03-8/31/03 ........... 18 584 450 13.38 18 584 450 171 215 550(3)
September 9/1/03-9/30/03 ........ 0 0.00 0 171 215 550(3)
October 10/1/03-10/31/03 ........ 21 260 000 14.49 21 200 000 150 015 500(3)
November 11/1/03-11/30/03 ...... 19 494 050 15.01 19 494 050 130 521 500(3)
December 12/1/03-12/31/03 ...... 0 0.00 0 130 521 500(3)
Total ......................... 95 338 500 14.30 94 478 500
(1) The difference between the ‘‘Total Number of Shares Purchased’’ and the ‘‘Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs’’ represents repurchases of
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