Nokian Renkaat Oyj

Major Shareholding Notification • Nov 3, 2022

Disclosure 414594

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release November 3, 2022 at 3:55 p.m. Nokian Tyres has received an announcement from BlackRock, Inc. on November 3, 2022, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the indirect holding in Nokian Tyres shares owned by BlackRock, Inc. and its funds fell below the level of 5% of the share capital of Nokian Tyres plc, as a result of share transactions concluded on November 2, 2022. Total positions of BlackRock, Inc. and its funds subject to the notification: +----------------+----------+------------------+-----+----------------------+ | |% 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 |4.84% |0.40% |5.24%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Positions of |5.46% |0.33% |5.79%| | |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 |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| |6,728,696 | |4.84% | +------------+-----------------+-----------------+-----------+------------+ |SUBTOTAL A | |6,728,696 | |4.84% | +------------+-----------------+-----------------+-----------+------------+ B: Financial instruments according to SMA 9:6a: +-------------------+----------+----------+----------+-------+------+ |Type of financial |Expiration|Exercise/ |Physical |Number |% of | |instrument |date |Conversion|or |of |shares| | | |Period |cash |shares |and | | | | |settlement|and |voting| | | | | |voting |rights| | | | | |rights | | +-------------------+----------+----------+----------+-------+------+ |American Depository|N/A |N/A |Physical |10,408 |0.00% | |Receipt | | | | | | |(US65528V1070) | | | | | | +-------------------+----------+----------+----------+-------+------+ |Securities Lent |N/A |N/A |Physical |126,507|0.09% | +-------------------+----------+----------+----------+-------+------+ |CFD |N/A |N/A |Cash |421,437|0.30% | +-------------------+----------+----------+----------+-------+------+ |SUBTOTAL B | | | |558,352|0.40% | +-------------------+----------+----------+----------+-------+------+ 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)