Nokian Renkaat Oyj

Major Shareholding Notification • Mar 23, 2023

Disclosure 430511

Nokian Renkaat - Major shareholder announcements

Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act

Nokian Tyres plc Stock Exchange Release March 23, 2023 at 9:50 a.m. Nokian Tyres has received an announcement from Bank of America Corporation on March 22, 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the total holding in Nokian Tyres shares and voting rights owned by Bank of America Corporation fell below the level of 5% of the share capital of Nokian Tyres plc, as a result of share transactions concluded on March 21, 2023. The total holding of Bank of America Corporation in Nokian Tyres amounted to 5,799,846 shares, corresponding to 4.174901% of Nokian Tyres' shares and voting rights. Total positions of Bank of America subject to the notification: +----------------+----------+------------------+---------+-----------+ | |% of |% of shares and |Total of |Total | | |shares and|voting rights |both in %|number of | | |voting |through financial |(A+B) |shares | | |rights |instruments (total| |and voting | | |(total |of B) | |rights of | | |of A) | | |issuer | +----------------+----------+------------------+---------+-----------+ |Resulting |2.517747% |1.657154% |4.174901%|138,921,750| |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+---------+-----------+ |Positions of |2.576416% |2.734651% |5.311067%| | |previous | | | | | |notification | | | | | +----------------+----------+------------------+---------+-----------+ Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: +------------+---------+-----------------+----------------+-----------------+ |Class/type |Number of |% of shares and | |of shares |shares |voting rights | |ISIN code |and | | | |voting | | | |rights | | +------------+---------+-----------------+----------------+-----------------+ | |Direct |Indirect |Direct (SMA 9:5)|Indirect | | |(SMA 9:5)|(SMA 9:6 and 9:7)| |(SMA 9:6 and 9:7)| +------------+---------+-----------------+----------------+-----------------+ |FI0009005318| |3,497,471 | |2.517584% | +------------+---------+-----------------+----------------+-----------------+ |US65528V1070| |227 | |0.000163% | +------------+---------+-----------------+----------------+-----------------+ |Subtotal A |3,497,698 |2.517747% | +------------+---------+-----------------+----------------+-----------------+ B: Financial instruments according to SMA 9:6a: +----------+-----------+----------+----------+---------+-----------+ |Type of |Expiration |Exercise/ |Physical |Number of|% of shares| |financial |date |Conversion|or |shares |and voting | |instrument| |Period |cash |and |rights | | | | |settlement|voting | | | | | | |rights | | +----------+-----------+----------+----------+---------+-----------+ |Right to |n/a |n/a |n/a |509,792 |0.366963% | |Recall | | | | | | +----------+-----------+----------+----------+---------+-----------+ |Swaps |17/04/2023 |n/a |Cash |1,792,356|1.290191% | | |-15/02/2028| | | | | | | | | | | | +----------+-----------+----------+----------+---------+-----------+ | | | |Subtotal B|2,302,148|1.657154% | +----------+-----------+----------+----------+---------+-----------+ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: +--------------------+-----------+-----------------------------+-----+ |Name |% of shares|% of shares and voting rights|Total| | |and voting |through financial instruments|of | | |rights | |both | +--------------------+-----------+-----------------------------+-----+ |Bank of America | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |NB Holdings | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |BofAML Jersey | | | | |Holdings Limited | | | | +--------------------+-----------+-----------------------------+-----+ |BofAML EMEA Holdings| | | | |2 Limited | | | | +--------------------+-----------+-----------------------------+-----+ |ML UK Capital | | | | |Holdings Limited | | | | +--------------------+-----------+-----------------------------+-----+ |Merrill Lynch | | | | |International | | | | +--------------------+-----------+-----------------------------+-----+ | | | | | +--------------------+-----------+-----------------------------+-----+ |Bank of America | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |NB Holdings | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |BAC North America | | | | |Holding Company | | | | +--------------------+-----------+-----------------------------+-----+ |Bank of America, | | | | |National Association| | | | +--------------------+-----------+-----------------------------+-----+ | | | | | +--------------------+-----------+-----------------------------+-----+ |Bank of America | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |NB Holdings | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |BofA Securities, Inc| | | | +--------------------+-----------+-----------------------------+-----+ |Merrill Lynch | | | | |Professional | | | | |Clearing Corp. | | | | +--------------------+-----------+-----------------------------+-----+ | | | | | +--------------------+-----------+-----------------------------+-----+ |Bank of America | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |NB Holdings | | | | |Corporation | | | | +--------------------+-----------+-----------------------------+-----+ |BofA Securities, Inc| | | | +--------------------+-----------+-----------------------------+-----+ Further information: Päivi Antola SVP, Communications, Investor Relations and Brand Tel. +358 10 401 7327, IR@nokiantyres.com Nokian Tyres develops and manufactures premium tires for people who value safety, sustainability and predictability. Our purpose is to empower the world to drive smarter. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2022, our segments net sales totaled EUR 1,350 million. At the end of 2022 we employed some 4,500 professionals. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com.