2022-12-02 14:55:00 CET

2022-12-02 14:55:11 CET


REGULATED INFORMATION

English
Nokian Renkaat - Major shareholder announcements

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


Nokian Tyres plc Stock Exchange Release December 2, 2022 at 3:55 p.m.

Nokian Tyres has received an announcement from Société Générale SA (SG SA) on
December 2, 2022, in accordance with the Finnish Securities Market Act Chapter
9, Section 5. According to the announcement, Société Générale SA's total 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 November 30, 2022.

The holdings of Société Générale SA (SG SA) in Nokian Tyres amounted to
6,584,549 shares, corresponding to 4.74% of Nokian Tyres' shares and voting
rights.

Total positions of person(s) subject to the notification obligation:

+----------------+----------+------------------+-----+----------------------+
|                |% 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       |0.61%     |4.13%             |4.74%|138,921,750           |
|situation on the|          |                  |     |                      |
|date on         |          |                  |     |                      |
|which threshold |          |                  |     |                      |
|was crossed or  |          |                  |     |                      |
|reached         |          |                  |     |                      |
+----------------+----------+------------------+-----+----------------------+
|Position of     |0.19%     |4.88%             |5.07%|                      |
|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 |Number of shares |% of shares      |% of shares      |
|of shares   |of     |and voting rights|and voting rights|and voting rights|
|ISIN code   |shares |                 |                 |                 |
|            |and    |                 |                 |                 |
|            |voting |                 |                 |                 |
|            |rights |                 |                 |                 |
+------------+-------+-----------------+-----------------+-----------------+
|            |Direct |Indirect         |Direct (SMA 9:5) |Indirect         |
|            |(SMA   |(SMA 9:6 and 9:7)|                 |(SMA 9:6 and 9:7)|
|            |9:5)   |                 |                 |                 |
+------------+-------+-----------------+-----------------+-----------------+
|FI0009005318|853,517|                 |0.61%            |                 |
+------------+-------+-----------------+-----------------+-----------------+
|Subtotal A  |853,517|                 |0.61%            |                 |
+------------+-------+-----------------+-----------------+-----------------+

B: Financial instruments according to SMA 9:6a:

+---------------+----------+----------+-----------+-----------------+----------
-+
|Type of        |Expiration|Exercise/ |Physical or|Number of shares |% of
shares|
|financial      |date      |Conversion|cash       |and voting rights|and voting
|
|instrument     |          |Period    |settlement |                 |rights
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|Right to recall|N/A       |N/A       |Physical   |223,068          |0.16%
|
|lent securities|          |          |           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|OTC Call Option|03/01/2033|Until     |Cash       |175,186          |0.13%
|
|on Basket      |          |03/01/2033|           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|OTC Call Option|03/01/2033|Until     |Cash       |896,000          |0.64%
|
|               |          |03/01/2033|           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|OTC Put Option |03/01/2033|Until     |Cash       |1,686,400        |1.21%
|
|               |          |03/01/2033|           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|Listed Call    |03/01/2033|Until     |Cash       |1,063,978        |0.77%
|
|Warrant        |          |03/01/2033|           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|Listed Put     |03/01/2033|Until     |Cash       |1,686,400        |1.21%
|
|Warrant        |          |03/01/2033|           |                 |
|
+---------------+----------+----------+-----------+-----------------+----------
-+
|               |          |          |Subtotal B |5,731,032        |4.13%
|
+---------------+----------+----------+-----------+-----------------+----------
-+

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

+---------------+------------------+---------------------+----------------+
|Name           |% of shares       |% of shares and      |Total of both, %|
|               |and voting rights |voting rights through|                |
|               |                  |financial instruments|                |
+---------------+------------------+---------------------+----------------+
|Société        |0.25%             |1.98%                |2.23%           |
|Générale S.A.  |                  |                     |                |
+---------------+------------------+---------------------+----------------+
|Société        |0.00%             |1.98%                |1.98%           |
|Générale       |                  |                     |                |
|Effekten Gmbh  |                  |                     |                |
+---------------+------------------+---------------------+----------------+
|Codéis         |0.53%             |0.00%                |0.53%           |
|Securities S.A.|                  |                     |                |
+---------------+------------------+---------------------+----------------+

Further information:
Päivi Antola
SVP, Communications, Investor Relations and Brand
Tel. +358 10 401 7327, IR@nokiantyres.com

Nokian Tyres develops and manufactures premium tires for people who value
safety, sustainability and predictability. Our purpose is to empower the world
to drive smarter. 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 2021, the company's net sales were EUR 1.7 billion and it employed some 4,900
people. Nokian Tyres is listed on Nasdaq Helsinki. Further information:
www.nokiantyres.com (https://eur04.safelinks.protection.outlook.com/?url=http%3A%
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