Nokian Renkaat Oyj

Major Shareholding Notification • Jan 23, 2025

Disclosure 454102

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 23, 2025, at 2:05 p.m. EET Nokian Tyres has received an announcement from Sprucegrove Investment Management on January 22, 2025, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement Sprucegrove Investment Management's indirect holding in Nokian Tyres shares fell below the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on January 21, 2025. The indirect shareholding of Sprucegrove Investment Management in Nokian Tyres has decreased to 4,006,896 shares, corresponding to 2.88% of Nokian Tyres' shares and voting rights. Total positions of Sprucegrove Investment Management's 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% |N/A |2.88%|138,921,750 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Positions of |5.15% |N/A |5.15%| | |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 of shares |Number of shares |% of shares|% of shares | |of shares |and voting rights|and voting rights|and voting |and voting | |ISIN 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|N/A |4,006,896 |N/A |2.88% | +------------+-----------------+-----------------+-----------+------------+ |SUBTOTAL A | |4,006,896 | |2.88% | +------------+-----------------+-----------------+-----------+------------+ B: Financial instruments according to SMA 9:6a: +----------+----------+----------+----------+-----------------+---------------+ |Type of |Expiration|Exercise/ |Physical |Number of shares |% of shares and| |financial |date |Conversion|or |and voting rights|voting rights | |instrument| |Period |cash | | | | | | |settlement| | | +----------+----------+----------+----------+-----------------+---------------+ |N/A |N/A |N/A |N/A |N/A |N/A | |(ISIN:N/A)| | | | | | +----------+----------+----------+----------+-----------------+---------------+ |SUBTOTAL B| | | |N/A |N/A | +----------+----------+----------+----------+-----------------+---------------+ Further information: Päivi Antola SVP, Communications, Investor Relations and Brand Tel. +358 10 401 7327, IR@nokiantyres.com Nokian Tyres' purpose is to make the world safer by reinventing tires, and how they are made, over and over again - a safer place to drive, work and live now and for generations to come. Inspired by our northern heritage, we develop and manufacture premium tires for passenger cars, trucks and heavy machinery with sustainability at the heart of all our operations. Our Vianor chain provides tire and car services. We are some 3,400 people with net sales of EUR 1.2 billion in 2023, and together we lead the journey to smarter driving for people and for businesses. Nokian Tyres is listed on Nasdaq Helsinki. Further information: company.nokiantyres.com (https://eur04.safelinks.protection.outlook.com/?url=http %3A%2F%2Fcompany.nokiantyres.com%2F&data=05%7C02%7Canne.aittoniemi%40nokiantyres. com%7Ceb305a5c1fe2493b437808dd2f2c0da2%7C2293b824c7984957856edf1992afab2e%7C0%7C0 %7C638718588439381260%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjA uMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=umUB CBxz89QuRf%2FIQ%2BqNWWAwo1mUtYix2rtEjdKKQq8%3D&reserved=0)