Nokian Renkaat Oyj

Major Shareholding Notification • Dec 17, 2019

Disclosure 377639

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 17, 2019, at 9:00 a.m. Nokian Tyres has received an announcement from BlackRock, Inc. on December 16, 2019, 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 December 13, 2019. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has increased to 6,976,524 shares, corresponding to 5.02% of Nokian Tyres’ shares and voting rights. BlackRock, Inc. and its funds held on deal date a total of 7,498,827 Nokian Tyres’ shares representing 5.39% 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 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 5.02% 0.37% 5.39% 138,921,750 situation on the date on which threshold was crossed or reached Positions of 4.96% 0.45% 5.41% 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 of Number of shares Number of shares % of shares % of shares shares ISIN and voting rights and voting rights and voting and voting 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 6,976,524 5.02% SUBTOTAL A 6,976,524 5.02% B: Financial instruments according to SMA 9:6a: Type of Expiration Exercise/ Physical Number % of shares and financial date Conversion or of voting rights instrument Period cash shares settlement and voting rights Securities N/A N/A Physical 522,303 0.37% Lent SUBTOTAL B 522,303 0.37% 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 2018, the company’s net sales were EUR 1.6 billion and it employed some 4,800 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com