Nokian Renkaat Oyj

Major Shareholding Notification • Mar 11, 2020

Disclosure 380549

Nokian Renkaat - Major shareholder announcements

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

Nokian Tyres plc Stock Exchange Release March 11, 2020, at 11:50 a.m. Nokian Tyres has received an announcement from Sprucegrove Investment Management on March 10, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement Sprucegrove Investment Management’s direct 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 March 9, 2020. The direct shareholding was 6,963,726 shares, representing 5.01% of Nokian Tyres’ 138,921,750 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 |5.01% |n/a |5.01% |138,921,750 | |situation on the|shares and| |shares| | |date on |voting | |and | | |which threshold |rights | |voting| | |was crossed or | | |rights| | |reached | | | | | +----------------+----------+------------------+------+----------------------+ |Positions of |N/A |N/A |N/A | | |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 of|Number of shares |Number of shares |% of shares |% of shares | |shares ISIN |and voting rights|and voting rights|and voting |and voting | |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 |6,963,726 | |5.01% | | | | | |shares and | | | | | |voting rights| | +-------------+-----------------+-----------------+-------------+------------+ |SUBTOTAL A |6,963,726 | |5.01% | | | | | |shares and | | | | | |voting rights| | +-------------+-----------------+-----------------+-------------+------------+ 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 | +----------+----------+----------+----------+-----------------+---------------+ |SUBTOTAL B| | | |n/a |n/a | +----------+----------+----------+----------+-----------------+---------------+ Nokian Tyres plc Päivi Antola, tel. +358 10 401 7327 SVP, Corporate Communications and Investor Relations 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