Nokian Renkaat Oyj

Major Shareholding Notification • Feb 16, 2023

Disclosure 428364

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release February 16, 2023 at 2:15 p.m. Nokian Tyres has received an announcement from Norges Bank (The Central Bank of Norway) on February 15, 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, Norges Bank's (The Central Bank of Norway) total holding in Nokian Tyres shares and voting rights fell below the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on February 14, 2023. The total holding of Norges Bank (The Central Bank of Norway) in Nokian Tyres amounted to 6,135,556 shares, corresponding to 4.42% of Nokian Tyres' shares and voting rights. Total positions of person(s) subject to the notification obligation: +----------------+----------+------------------+-----+----------------------+ | |% of |% of shares and |Total|Total number of shares| | |shares and|voting rights |of |and voting rights of | | |voting |through financial |both |issuer | | |rights |instruments (total|in % | | | |(total |of B) |(A+B)| | | |of A) | | | | +----------------+----------+------------------+-----+----------------------+ |Resulting |4.28% |0.13% |4.42%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Position of |4.88% |0.13% |5.01%| | |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 voting rights | |of shares |shares | | |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|5,185,431| |3.73% | | +------------+---------+-----------------+----------------+-----------------+ |FI0009005318|765,376 | |0.55% | | |(collateral | | | | | |shares) | | | | | +------------+---------+-----------------+----------------+-----------------+ |Subtotal A |5,950,807 |4.28% | +------------+---------+-----------------+----------------+-----------------+ B: Financial instruments according to SMA 9:6a: +--------------+----------+-----------+-----------+-----------------+----------+ |Type of |Expiration|Exercise/ |Physical or|Number of shares | % of | |financial |date |Conversion |cash |and voting rights|shares and| |instrument | |Period |settlement | |voting | | | | | | |rights | +--------------+----------+-----------+-----------+-----------------+----------+ |Shares on loan|N/A |At any time|Physical |184,749 |0.13% | |(right to | | | | | | |recall) | | | | | | +--------------+----------+-----------+-----------+-----------------+----------+ | | | |Subtotal B |184,749 |0.13% | +--------------+----------+-----------+-----------+-----------------+----------+ Information in relation to the person subject to the notification obligation: Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. 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.