Nokian Renkaat Oyj

Major Shareholding Notification • Jan 5, 2023

Disclosure 416805

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 5, 2023 at 3:20 p.m. Nokian Tyres has received an announcement from Norges Bank (The Central Bank of Norway) on January 5, 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 exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on January 4, 2023. The holdings of Norges Bank (The Central Bank of Norway) in Nokian Tyres amounted to 7,018,427 shares, corresponding to 5.05% 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 |4.99% |0.06% |5.05%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Position of |4.61% |0.33% |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 |% 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|6,434,370| |4.63% | | +------------+---------+-----------------+----------------+-----------------+ |FI0009005318|501,449 | |0.36% | | | | | | | | |(collateral | | | | | |shares) | | | | | +------------+---------+-----------------+----------------+-----------------+ |Subtotal A |6,935,819 |4.99% | +------------+---------+-----------------+----------------+-----------------+ 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 | +--------------+----------+----------+-----------+-----------------+-----------+ |Shares on loan|N/A |At any |Physical |82,608 |0.06% | |(right to | |time | | | | |recall) | | | | | | +--------------+----------+----------+-----------+-----------------+-----------+ | | | |Subtotal B |82,608 |0.06% | +--------------+----------+----------+-----------+-----------------+-----------+ 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 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)