Nokian Renkaat Oyj

Major Shareholding Notification • May 10, 2019

Disclosure 371872

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 10, 2019, at 11:50 a.m. Nokian Tyres has received an announcement from BlackRock, Inc. on May 9, 2019, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement BlackRock, Inc.'s total holding in Nokian Tyres shares reached the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on May 8, 2019. BlackRock, Inc. and its funds held on deal date a total of 6,903,664 Nokian Tyres’ shares representing a total of 5.00% of company’s 138,066,899 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 |4.90% |0.09% |5.00%|138,066,899 | |situation on the| | | | | |date on | | | | | |which threshold | | | | | |was crossed or | | | | | |reached | | | | | +----------------+----------+------------------+-----+----------------------+ |Positions of |Below 5% |Below 5% |Below| | |previous | | |5% | | |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| |6,770,475 | |4.90% | +------------+------+-----------------+---------------+---------------+ |SUBTOTAL A | |6,770,475 | |4.90% | +------------+------+-----------------+---------------+---------------+ 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 |82,057 |0.05% | |Lent | | | | | | +-----------+----------+----------+-----------+---------+---------------+ |CFD |N/A |N/A |Cash |51,132 |0.03% | +-----------+----------+----------+-----------+---------+---------------+ |SUBTOTAL B | | | |133,189 |0.09% | +-----------+----------+----------+-----------+---------+---------------+ Nokian Tyres plc Päivi Antola SVP, Corporate Communications and Investor Relations Tel. +358 10 401 7327 Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com Nokian Tyres is the world’s northernmost tire manufacturer and one of the most sustainable companies in the industry. We offer peace of mind in all conditions by developing high-quality, safe and eco-friendly tires for passenger cars, trucks and heavy machinery. We are especially well known for our innovative winter tires. Our group also includes the Vianor chain, specializing in vehicle maintenance and tire services. In 2018, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,800 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com