Nokian Renkaat Oyj

Major Shareholding Notification • Feb 10, 2023

Disclosure 428065

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 10, 2023 at 10:05 a.m. Nokian Tyres has received an announcement from Société Générale SA (SG SA) on February 9, 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, Société Générale SA's total holding in Nokian Tyres shares and voting rights fell below the level of 5% of the share capital of Nokian Tyres plc, as a result of share transactions concluded on February 7, 2023. The total holding amounted to 5,385,874 shares, corresponding to 3.88% 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 |0.10% |3.78% |3.88%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Position of |0.56% |4.54% |5.10%| | |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 shares | |of shares |of |and voting rights | |ISIN code |shares | | | |and | | | |voting | | | |rights | | +------------+------+-----------------+----------------+-----------------+ | |Direct|Indirect |Direct (SMA 9:5)|Indirect | | |(SMA |(SMA 9:6 and 9:7)| |(SMA 9:6 and 9:7)| | |9:5) | | | | +------------+------+-----------------+----------------+-----------------+ |FI0009005318|14,218|121,754 |0.01% |0.09% | | | | | | | |Ordinary | | | | | |shares | | | | | +------------+------+-----------------+----------------+-----------------+ |Subtotal A |135,972 |0.10% | +------------+------+-----------------+----------------+-----------------+ B: Financial instruments according to SMA 9:6a: +---------------+----------+----------+-----------+-----------------+---------- -+ |Type of |Expiration|Exercise/ |Physical or|Number of shares |% of shares| |financial |date |Conversion|cash |and voting rights|and voting | |instrument | |Period |settlement | |rights | +---------------+----------+----------+-----------+-----------------+---------- -+ |Right to recall|N/A |N/A |Physical |898,897 |0.65% | |lent securities| | | | | | +---------------+----------+----------+-----------+-----------------+---------- -+ |OTC Call Option|03/01/2033|Until |Cash |278 968 |0.20% | |on Basket | |03/01/2033| | | | +---------------+----------+----------+-----------+-----------------+---------- -+ |OTC Call Option|03/01/2033|Until |Cash |720,000 |0.52% | | | |03/01/2033| | | | +---------------+----------+----------+-----------+-----------------+---------- -+ |OTC Put Option |03/01/2033|Until |Cash |1,186,630 |0.85% | | | |03/01/2033| | | | +---------------+----------+----------+-----------+-----------------+---------- -+ |Listed Call |03/01/2033|Until |Cash |978,777 |0.70% | |Warrant | |03/01/2033| | | | +---------------+----------+----------+-----------+-----------------+---------- -+ |Listed Put |03/01/2033|Until |Cash |1,186,630 |0.85% | |Warrant | |03/01/2033| | | | +---------------+----------+----------+-----------+-----------------+---------- -+ | | | |Subtotal B |5,249,902 |3.78% | +---------------+----------+----------+-----------+-----------------+---------- -+ 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 |Total of both, %| | |and voting rights |voting rights through| | | | |financial instruments| | +---------------+------------------+---------------------+----------------+ |Société |0.01% |2.21% |2.22% | |Générale S.A. | | | | +---------------+------------------+---------------------+----------------+ |Société |0.00% |1.57% |1.57% | |Générale | | | | |Effekten Gmbh | | | | +---------------+------------------+---------------------+----------------+ |Codéis |0.09% |0.00% |0.09% | |Securities S.A.| | | | +---------------+------------------+---------------------+----------------+ 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.