Nokian Renkaat Oyj

Major Shareholding Notification • Oct 29, 2020

Disclosure 388171

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release October 29, 2020, at 9:50 a.m. Nokian Tyres has received an announcement from BlackRock, Inc. on October 28, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement BlackRock, Inc.'s indirect 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 October 27, 2020. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has increased to 7,055,472 shares, corresponding to 5.07% of Nokian Tyres’ shares and voting rights. BlackRock, Inc. and its funds held on deal date a total of 7,245,238 Nokian Tyres’ shares representing 5.21% of the company’s 138,921,750 shares and voting rights. Total positions of BlackRock, Inc. and its funds subject to the notification: +-----------------------------------+------+-----------+------+------------+ | |% of |% of shares|Total |Total number| | |shares|and |of |of shares | | |and |voting |both |and voting | | |voting|rights |in % |rights of | | |rights|through |(A+B) |issuer | | |(total|financial | | | | |of A) |instruments| | | | | |(total | | | | | |of B) | | | +-----------------------------------+------+-----------+------+------------+ |Resulting situation on the date on |5.07% |0.13% |5.21% |138,921,750 | |which threshold was crossed or | | | | | |reached | | | | | +-----------------------------------+------+-----------+------+------------+ |Positions of previous notification |4.90% |0.77% |5.68% | | +-----------------------------------+------+-----------+------+------------+ Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: +-------------+---------+----------+------------------+------------------+ |Class/type of|Number of|Number of |% of shares |% of shares | |shares |shares |shares |and voting rights |and voting rights | |ISIN code |and |and voting| | | | |voting |rights | | | | |rights | | | | +-------------+---------+----------+------------------+------------------+ | |Direct |Indirect |Direct (SMA 9:5) |Indirect | | |(SMA |(SMA 9:6 | |(SMA 9:6 and 9:7) | | |9:5) |and 9:7) | | | +-------------+---------+----------+------------------+------------------+ |FI0009005318 | |7,055,472 | |5.07% | +-------------+---------+----------+------------------+------------------+ |SUBTOTAL A | |7,055,472 | |5.07% | +-------------+---------+----------+------------------+------------------+ B: Financial instruments according to SMA 9:6a: +----------+----------+------------------+----------------+---------+-------+ |Type of |Expiration|Exercise/ |Physical or |Number of|% of | |financial |date |Conversion Period |cash settlement |shares |shares | |instrument| | | |and |and | | | | | |voting |voting | | | | | |rights |rights | +----------+----------+------------------+----------------+---------+-------+ |Securities|N/A |N/A |Physical |180,870 |0.13% | |Lent | | | | | | +----------+----------+------------------+----------------+---------+-------+ |CFD |N/A |N/A |Cash |8,896 |0.00% | +----------+----------+------------------+----------------+---------+-------+ |SUBTOTAL | | | |189,766 |0.13% | |B | | | | | | +----------+----------+------------------+----------------+---------+-------+ Nokian Tyres plc Päivi Antola SVP, Corporate Communications and Investor Relations Tel. +358 10 401 7327 Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. 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 2019, the company’s net sales were EUR 1.6 billion and it employed some 4,700 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com