Nokian Renkaat Oyj

Major Shareholding Notification • Mar 12, 2020

Disclosure 380681

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release March 12, 2020, at 4:00 p.m. Nokian Tyres has received an announcement from BlackRock, Inc. on March 11, 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 fell below the level of 5% of the share capital in Nokian Tyres plc, as result of share transactions concluded on March 10, 2020. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has decreased to 6,924,500 shares, corresponding to 4.98% of Nokian Tyres’ shares and voting rights. BlackRock, Inc. and its funds held on deal date a total of 8,131,631 Nokian Tyres’ shares representing 5.85% of company’s 138,921,750 shares and voting rights. Total positions of BlackRock, Inc. and its funds subject to the notification: % of % of shares and Total Total shares and voting rights of number of voting through financial both shares rights instruments (total in % and voting (total of B) (A+B) rights of of A) issuer Resulting 4.98% 0.86% 5.85% 138,921,750 situation on the date on which threshold was crossed or reached Positions of 5.02% 0.37% 5.39% 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 Number of shares % of shares and % of shares of of and voting rights voting rights and voting shares ISIN shares rights code and voting rights Direct Indirect (SMA 9:6 Direct (SMA Indirect (SMA (SMA and 9:7) 9:5) 9:6 and 9:7) 9:5) FI0009005318 6,924,500 4.98% SUBTOTAL A 6,924,500 4.98% B: Financial instruments according to SMA 9:6a: Type of Expiration Exercise/ Physical or Number of shares % of shares financial date Conve cash and voting rights and voting instrument rsion settlement rights Period Securities N/A N/A Physical 1,207,131 0.86% Lent SUBTOTAL B 1,207,131 0.86% 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