Nokian Renkaat Oyj

Major Shareholding Notification • Mar 2, 2016

Disclosure 330898

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release 2 March 2016 at 1:20 p.m. Nokian Tyres has received an announcement from Sprucegrove Investment Management Ltd. on 26 February 2016 and a revised announcement on 1 March 2016, according to which the holdings of the mutual funds managed by Sprucegrove Investment Management Ltd. fell below level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on 25 February 2016. According to Nokian Tyres, the holdings of the funds have fallen below the level of 5% already previously due to Nokian Tyres increasing its total number of shares during 2015. Total positions of Sprucegrove Investment Management Ltd. and its funds subject to the notification: +----------------+----------+------------------+-----+-------------+ | |% of |% of shares and |Total|Total number | | |shares and|voting rights |of |of shares and| | |voting |through |both | voting | | |rights |financial |in % |rights of | | |(total |instruments (total|(A+B)|issuer | | |of A) |of B) | | | +----------------+----------+------------------+-----+-------------+ |Resulting |Below 5% |Below 5% |Below|6,661,350 | |situation on the| | |5% | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+-------------+ |Positions of |5,04 % |0,0 % |5.04%| | |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 and|% of shares and| |of shares |and voting rights|and voting rights|voting rights|voting rights| | ISIN code | | | | | +------------+-----------------+-----------------+---------------+-------------- -+ | |Direct (SMA 9:5) |Indirect |Direct (SMA |Indirect | | | | (SMA 9:6 and |9:5) | (SMA 9:6 and | | | |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 |Number of|% of shares and| |financial | date | Conversio|or |shares | voting rights| | instrumen| |n Period | cash | and | | |t | | |settlement|voting | | | | | | |rights | | +-----------+----------+-----------+----------+---------+---------------+ |Securities |N/A |N/A |Physical |Below 5% |Below 5% | |Lent | | | | | | +-----------+----------+-----------+----------+---------+---------------+ |CFD |N/A |N/A |Cash |Below 5% |Below 5% | +-----------+----------+-----------+----------+---------+---------------+ |Total |N/A |N/A |Cash |Below 5% |Below 5% | |Return | | | | | | |Swap | | | | | | +-----------+----------+-----------+----------+---------+---------------+ |SUBTOTAL | | | |Below 5% |Below 5% | |B | | | | | | +-----------+----------+-----------+----------+---------+---------------+ Nokian Tyres plc Antti-Jussi Tähtinen Vice President, Marketing and Communications Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com Nokian Tyres is the only tyre manufacturer in the world that focuses on customer needs in northern conditions. The company 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