Nokian Renkaat Oyj

Major Shareholding Notification • Jan 25, 2018

Disclosure 357720

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release January 25, 2018, at 3:45 p.m. Nokian Tyres has received an announcement from BlackRock, Inc. on January 25, 2018, according to which BlackRock, Inc.'s indirect holding in Nokian Tyres shares exceeded level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on January 24, 2018. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has increased to 6,934,988 shares, corresponding to 5.05% of Nokian Tyres’ shares and voting rights. The mutual funds managed by BlackRock, Inc. held on deal date a total of 7,528,826 Nokian Tyres’ shares representing 5.48% of company’s 137,266,582 shares and voting rights. 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 |5.05% |0.43% |5.48% |137,266,582 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+------+----------------------+ |Positions of |4.94% |0.48% |5.43% | | |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| |6,934,988 | |5.05% | +------------+------+-----------------+---------------+---------------+ |SUBTOTAL A | |6,934,988 | |5.05% | +------------+------+-----------------+---------------+---------------+ 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 |372,338 |0.27% | |Lent | | | | | | +-----------+----------+----------+-----------+---------+---------------+ |CFD |N/A |N/A |Cash |221,500 |0.16% | +-----------+----------+----------+-----------+---------+---------------+ |SUBTOTAL B | | | |593,838 |0.43% | +-----------+----------+----------+-----------+---------+---------------+ Nokian Tyres plc Antti-Jussi Tähtinen Vice President, Marketing and Communications 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 27 countries. In 2016 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com