Nokian Renkaat Oyj

Major Shareholding Notification • Jun 16, 2020

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

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

Nokian Tyres plc Stock Exchange Release June 16, 2020, at 2:00 p.m.

Nokian Tyres has received an announcement from BlackRock, Inc. on June 15, 2020,
in accordance with the Finnish Securities Market Act Chapter 9, Section 5.
According to the announcement BlackRock, Inc.'s indirect holding in Nokian Tyres
shares exceeded the level of 5% of the share capital in Nokian Tyres plc, as a
result of share transactions concluded on June 12, 2020. The indirect
shareholding of BlackRock, Inc. in Nokian Tyres has increased to 7,252,705
shares, corresponding to 5.22% of Nokian Tyres’ shares and voting rights.

BlackRock, Inc. and its funds held on deal date a total of 8,731,400 Nokian
Tyres’ shares representing 6.28% of the company’s 138,921,750 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 |5.22% |1.06% |6.28%|138,921,750 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+----------------+----------+------------------+-----+----------------------+
|Positions of |4.96% |0.94% |5.90%| |
|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| |7,252,705 | |5.22% |
+------------+-----------------+-----------------+-----------+------------+
|SUBTOTAL A | |7,252,705 | |5.22% |
+------------+-----------------+-----------------+-----------+------------+

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| | |
+----------+----------+----------+----------+-----------------+---------------+
|Securities|N/A |N/A |Physical |1,476,695 |1.06% |
|Lent | | | | | |
+----------+----------+----------+----------+-----------------+---------------+
|Depositary|N/A |N/A |Physical |2,000 |0.00% |
|Receipts | | | | | |
+----------+----------+----------+----------+-----------------+---------------+
|SUBTOTAL B| | | |1,478,695 |1.06% |
+----------+----------+----------+----------+-----------------+---------------+

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 develops and manufactures premium tires for people who value safety
and sustainability. Inspired by our Scandinavian heritage, we craft innovative
products for passenger cars, trucks and heavy machinery that give you peace of
mind in all driving conditions. Our Vianor chain provides tire and car services.
In 2019, the company’s net sales were EUR 1.6 billion and it employed some 4,700
people. Nokian Tyres is listed on Nasdaq Helsinki. Further information:
www.nokiantyres.com