Nokian Renkaat Oyj

Share Issue/Capital Change • May 16, 2016

Disclosure 342941

Nokian Renkaat - Total number of voting rights and capital

Nokian Tyres plc: Shares subscribed with option rights

Nokian Tyres plc Stock Exchange Release 16 May 2016, 8.30 a.m. After 22 December 2015 registered new shares a total of 40 Nokian Tyres plc's shares have been subscribed with the 2010C option rights. These option rights are attached to the Nokian Tyres plc's Option Program of 2010. New shares have been registered into the Trade Register on 16 May 2016, as of which date the new shares will establish shareholder rights. The share capital will not increase with subscriptions made by 2010 option rights. The entire subscription price of EUR 1,238.00 will be entered in the invested unrestricted equity reserve. As a result of the share subscriptions, the number of Nokian Tyres plc shares will increase to 134,691,214 shares. The shares will be traded on the Nasdaq Helsinki Ltd together with the old shares as of 17 May 2016. Identifiers of Nokian Tyres plc's share after the registration of new shares: Trading code: NRE1V ISIN code: FI0009005318 Number of shares: 134,691,214 Share capital: 25,437,906.00 euros Nokian Tyres plc Antti-Jussi Tähtinen Vice President, Marketing and Communications Distribution: Nasdaq Helsinki, media, 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 1,475 outlets in 26 countries. In 2015 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