Nokian Renkaat Oyj

Major Shareholding Notification • Jan 27, 2023

Disclosure 417380

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release January 27, 2023 at 9:25 a.m. Nokian Tyres has received an announcement from Société Générale SA (SG SA) on January 26, 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 exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on January 24, 2023. The total holding amounted to 7,078,947 shares, corresponding to 5.10% 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 |0.56% |4.54% |5.10%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Position of |0.16% |4.78% |4.94%| | |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|646,610|121,754 |0.47% |0.09% | |Ordinary | | | | | |shares | | | | | +------------+-------+-----------------+----------------+-----------------+ |Subtotal A |768,364 |0.56% | +------------+-------+-----------------+----------------+-----------------+ B: Financial instruments according to SMA 9:6a: +---------------+----------+----------+----------+-----------------+-----------+ |Type of |Expiration|Exercise/ |Physical |Number of shares |% of shares| |financial |date |Conversion|or cash |and voting rights|and voting | |instrument | |Period |settlement| |rights | +---------------+----------+----------+----------+-----------------+-----------+ |Right to recall|N/A |N/A |Physical |179,306 |0.13% | |lent securities| | | | | | +---------------+----------+----------+----------+-----------------+-----------+ |OTC Call Option|03/01/2033|Until |Cash |401,543 |0.29% | |on Basket | |03/01/2033| | | | +---------------+----------+----------+----------+-----------------+-----------+ |OTC Call Option|03/01/2033|Until |Cash |1,480,000 |1.07% | | | |03/01/2033| | | | +---------------+----------+----------+----------+-----------------+-----------+ |OTC Put Option |03/01/2033|Until |Cash |1,186,400 |0.85% | | | |03/01/2033| | | | +---------------+----------+----------+----------+-----------------+-----------+ |Listed Call |03/01/2033|Until |Cash |1,876,934 |1.35% | |Warrant | |03/01/2033| | | | +---------------+----------+----------+----------+-----------------+-----------+ |Listed Put |03/01/2033|Until |Cash |1,186,400 |0.85% | |Warrant | |03/01/2033| | | | +---------------+----------+----------+----------+-----------------+-----------+ | | | |Subtotal B|6,310,583 |4.54% | +---------------+----------+----------+----------+-----------------+-----------+ 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 |0.47% |2.33% |2.80% | |Générale S.A. | | | | +---------------+------------------+---------------------+----------------+ |Société |0.00% |2.21% |2.21% | |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 2021, the company's net sales were EUR 1.7 billion and it employed some 4,900 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com (https://eur04.safelinks.protection.outlook.com/?url=http%3A% 2F%2Fwww.nokiantyres.com%2F&data=04%7C01%7CAnne.Aittoniemi%40nokiantyres.com%7C60 08b44e6299446045c908d9eaf59fe2%7C2293b824c7984957856edf1992afab2e%7C0%7C0%7C63779 9162931958329%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI 6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=D%2BzognNbQ6ve2pityGWCz9AT%2B46YZWYEdPNkzRcW TtE%3D&reserved=0)