Nokia 2006 Annual Report Download - page 129

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 independent auditor and the Chief
Financial Officer. At each regular meeting of the Audit Committee, the independent auditor provides
a report in order for the Audit Committee to review the services that the auditor is providing, as
well as the status and cost of those services.
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 and ADRs by
Nokia Corporation and its affiliates during 2006.
(c) Total Number
of Shares (d) Maximum
Purchased as Number of Shares
Part of Publicly that May Yet Be
(a) Total Number (b) Average Price Announced Purchased Under
of Shares Paid per Share(4) Plans or the Plans or
Period Purchased(3) (EUR) Programs(3) Programs
January 1/1/061/31/06 ****** 0 0 0 182 190 000(1)
February 2/1/062/28/06 ***** 28 700 000 15.80 28 700 000 153 490 000(1)
March 3/1/063/31/06******** 56 180 000 16.49 56 180 000 97 310 000(1)
April 4/1/064/30/06 ********* 3 690 000 18.41 3 290 000 401 710 000(2)
May 5/1/065/31/06 ********* 18 920 000 17.28 18 920 000 382 790 000(2)
June 6/1/066/30/06 ********* 13 390 000 16.10 13 390 000 369 400 000(2)
July 7/1/067/31/06********** 7 060 000 15.47 6 960 000 362 440 000(2)
August 8/1/068/31/06 ******* 22 960 000 15.91 22 960 000 339 480 000(2)
September 9/1/069/30/06 *** 16 090 000 15.35 16 090 000 323 390 000(2)
October 10/1/0610/31/06 **** 8 200 000 15.49 8 200 000 315 190 000(2)
November 11/1/0611/30/06** 25 270 000 15.48 25 270 000 289 920 000(2)
December 12/1/0612/31/06 ** 11 880 000 15.30 11 880 000 278 040 000(2)
Total ********************** 212 340 000 211 840 000
(1) On April 7, 2005, the Annual General Meeting authorized the Board to resolve to repurchase a
maximum of 443.2 million Nokia shares by using funds available for distribution of profits. The
authorization was effective until April 7, 2006.
(2) On March 30, 2006, the Annual General Meeting authorized the Board to resolve to repurchase a
maximum of 405 million Nokia shares by using funds available for distribution of profits. The
authorization is effective until March 30, 2007.
(3) The difference between the ‘‘Total Number of Shares Purchased’’ and the ‘‘Total Number of Shares
Purchased as Part of Publicly Announced Plans and Programs’’ represents repurchases of a total of
500 000 shares in openmarket transactions effected by affiliates of Nokia Corporation to cover the
Group’s obligations in connection with certain employee stock option plans.
(4) When ADRs were purchased the USD price paid was converted into EUR by using the noon buying
rate as of the date of purchase
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