Nokian Renkaat Oyj

Major Shareholding Notification • May 22, 2018

Disclosure 362058

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release May 22, 2018, at 2:45 p.m. Nokian Tyres has received an announcement from BlackRock, Inc. on May 22, 2018, 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 level of 5% as well as the total number of Nokian Tyres shares owned by BlackRock, Inc. and its funds fell below level of 5% of the share capital in Nokian Tyres plc, as result of share transactions concluded on May 21, 2018. 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 |Below 5% |Below 5% |Below |137,277,072 | |situation on the| | |5% | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+------+----------------------+ |Positions of |5.00% |0.00% |5.01% | | |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 and| |of |of |and voting rights|voting rights |voting rights | |shares ISIN |shares| | | | |code |and | | | | | |voting| | | | | |rights| | | | +------------+------+-----------------+---------------+---------------+ | |Direct|Indirect |Direct (SMA |Indirect | | |(SMA |(SMA 9:6 and |9:5) |(SMA 9:6 and | | |9:5) |9:7) | |9:7) | +------------+------+-----------------+---------------+---------------+ |FI0009005318| |Below 5% | |Below 5% | +------------+------+-----------------+---------------+---------------+ |SUBTOTAL A | |Below 5% | |Below 5% | +------------+------+-----------------+---------------+---------------+ B: Financial instruments according to SMA 9:6a: +-----------+----------+----------+-----------+---------+---------------+ |Type of |Expiration|Exercise/ |Physical or|Number of|% of shares and| |financial |date |Conversion|cash |shares |voting rights | |instrument | |Period |settlement |and | | | | | | |voting | | | | | | |rights | | +-----------+----------+----------+-----------+---------+---------------+ |Securities |N/A |N/A |Physical |Below 5% |Below 5% | |Lent | | | | | | +-----------+----------+----------+-----------+---------+---------------+ |SUBTOTAL B | | | |Below 5% |Below 5% | +-----------+----------+----------+-----------+---------+---------------+ Nokian Tyres plc Päivi Antola, tel. +358 10 401 7327 VP, Corporate Communications and Investor Relations Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 26 countries. In 2017 Nokian Tyres had approximately 4,600 employees and net sales of approximately 1,6 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com