Nokian Renkaat Oyj

Major Shareholding Notification • Dec 13, 2022

Disclosure 415988

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release December 13, 2022 at 10:10 a.m. Nokian Tyres has received an announcement from JPMorgan Chase & Co. on December 12, 2022, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the total holding in Nokian Tyres shares owned by the funds and accounts managed by JPMorgan Chase & Co. exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on December 9, 2022. The holdings of JPMorgan Chase & Co. in Nokian Tyres amounted to 8,007,848 shares, corresponding to 5.76% of Nokian Tyres' shares and voting rights. Total positions of person(s) subject to the notification obligation: +----------------+----------+------------------+---------+-----------+ | |% 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 |2.37% |3.39% |5.76% |138,921,750| |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+---------+-----------+ |Position of |Below |Below |Below | | |previous |minimum |minimum threshold |minimum | | |notification |threshold | |threshold| | +----------------+----------+------------------+---------+-----------+ 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 |Number of shares |% of shares|% of shares | |of shares |and voting rights|and voting rights|and voting |and voting | |ISIN code | | |rights |rights | +------------+-----------------+-----------------+-----------+------------+ | |Direct (SMA 9:5) |Indirect |Direct (SMA|Indirect | | | |(SMA 9:6 and 9:7)|9:5) |(SMA 9:6 and| | | | | |9:7) | +------------+-----------------+-----------------+-----------+------------+ |FI0009005318| |3,294,920 | |2.37% | +------------+-----------------+-----------------+-----------+------------+ |Subtotal A |3,294,920 |2.37% | +------------+-----------------+-----------------+-----------+------------+ 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 | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|23/01/2023|23/01/2023|Cash |431,170 |0.31% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|31/01/2023|31/01/2023|Cash |335,565 |0.24% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|23/03/2023|23/03/2023|Cash |975,063 |0.70% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|15/06/2023|15/06/2023|Cash |665,735 |0.48% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|31/07/2023|31/07/2023|Cash |197,468 |0.14% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|15/08/2023|15/08/2023|Cash |15,296 |0.01% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|04/09/2023|04/09/2023|Cash |22,550 |0.02% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|03/10/2023|03/10/2023|Cash |88,226 |0.06% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|28/11/2023|28/11/2023|Cash |7,681 |0.01% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|11/12/2023|11/12/2023|Cash |29,385 |0.02% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|29/12/2023|29/12/2023|Cash |947 |0.00% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|03/01/2024|03/01/2024|Cash |35,914 |0.03% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|02/02/2024|02/02/2024|Cash |14,152 |0.01% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|27/09/2024|27/09/2024|Cash |715 |0.00% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|17/12/2024|17/12/2024|Cash |1,527,149 |1.10% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|27/04/2026|27/04/2026|Cash |248,781 |0.18% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|02/04/2027|02/04/2027|Cash |80,604 |0.06% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|29/09/2027|29/09/2027|Cash |12,226 |0.01% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ |Cash-settled|18/10/2027|18/10/2027|Cash |24,301 |0.02% | |Equity Swap | | | | | | +------------+----------+----------+-----------+-----------------+-----------+ | | | |Subtotal B |4,712,928 |3.39% | +------------+----------+----------+-----------+-----------------+-----------+ 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 of| | |and voting |through financial instruments|both, % | | |rights | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase & Co.| | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase Bank,| | | | |National Association| | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan | | | | |International | | | | |Finance Limited | | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan Capital | | | | |Holdings Limited | | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan | | | | |Securities plc | | | | +--------------------+-----------+-----------------------------+--------+ | | | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase & Co.| | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase | | | | |Holdings LLC | | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan Broker | | | | |-Dealer Holdings | | | | |Inc. | | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan | | | | |Securities LLC | | | | +--------------------+-----------+-----------------------------+--------+ | | | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase & Co.| | | | +--------------------+-----------+-----------------------------+--------+ |JPMorgan Chase Bank,| | | | |National Association| | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan | | | | |International | | | | |Finance Limited | | | | +--------------------+-----------+-----------------------------+--------+ |J.P. Morgan | | | | |Structured Products | | | | |B.V. | | | | +--------------------+-----------+-----------------------------+--------+ Additional information: Chain of controlled undertakings: JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Capital Holdings Limited (100%) J.P. Morgan Securities plc (100%) JPMorgan Chase & Co. JPMorgan Chase Holdings LLC (100%) J.P. Morgan Broker-Dealer Holdings Inc. (100%) J.P. Morgan Securities LLC (100%) JPMorgan Chase & Co. JPMorgan Chase Bank, National Association (100%) J.P. Morgan International Finance Limited (100%) J.P. Morgan Structured Products B.V. (100%) 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)