The directed share issue is conditional on the completion of the merger under the merger agreement and the subscription price for the Nokia share will be the closing price of the company's share on Nasdaq Helsinki on the date of completion of the merger under the merger agreement. The Nokia shares will be delivered to the eligible stockholders of Infinera by Nokia's Exchange Agent in the form of American Depositary Shares. To the extent that the newly issued shares would not be needed to settle Nokia's obligations under the merger agreement, the board has resolved on a directed share issuance of up to the total amount of the aforementioned newly issued shares without consideration to participants of Nokia's and Infinera's equity programs. These programs include Nokia LTI Plans 2021-2023 and 2024-2026, Nokia Employee share purchase plan 2024-2026 and 2016 Equity Incentive Plan of Infinera Corporation which will be assumed by Nokia following completion of the merger under the merger agreement.