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 7, 2024, at 3:15 p.m.

Nokian Tyres has received an announcement from Société Générale SA (SG SA) on
May 6, 2024, in accordance with the Finnish Securities Market Act Chapter 9,
Section 5. According to the announcement, Société Générale SA's holding through
financial instruments and total holding in Nokian Tyres shares and voting rights
fell below the level of 5% of the share capital in Nokian Tyres plc, as a result
of share transactions concluded on May 2, 2024.

The holding through financial instruments of Société Générale SA (SG SA) in
Nokian Tyres amounted to 5,347,429 shares, corresponding to 3.85% of Nokian
Tyres' shares and voting rights and total holding amounted to 5,413,686 shares,
corresponding to 3.90% 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       |0.05%     |3.85%             |3.90%|138,921,750           |
|situation on the|          |                  |     |                      |
|date on         |          |                  |     |                      |
|which threshold |          |                  |     |                      |
|was crossed or  |          |                  |     |                      |
|reached         |          |                  |     |                      |
+----------------+----------+------------------+-----+----------------------+
|Position of     |0.00%     |6.11%             |6.11%|                      |
|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                       |
|of shares   |of                      |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|66,257|                 |0.05%           |                 |
|            |      |                 |                |                 |
|Ordinary    |      |                 |                |                 |
|shares      |      |                 |                |                 |
+------------+------+-----------------+----------------+-----------------+
|Subtotal A  |66,257                  |0.05%                             |
+------------+------+-----------------+----------------+-----------------+

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     |
+--------------+----------+----------+-----------+-----------------+-----------+
|Listed Call   |03/01/2033|Until     |Cash       |312,922          |0.23%      |
|Warrant on    |          |03/01/2033|           |                 |           |
|Basket        |          |          |           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|OTC Call      |03/01/2033|Until     |Cash       |319,602          |0.23%      |
|Option on     |          |03/01/2033|           |                 |           |
|Basket        |          |          |           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|OTC Call      |03/01/2033|Until     |Cash       |1,430,000        |1.03%      |
|Option        |          |03/01/2033|           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|OTC Put Option|03/01/2033|Until     |Cash       |910,230          |0.65%      |
|              |          |03/01/2033|           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|Listed Call   |03/01/2033|Until     |Cash       |1,427,450        |1.03%      |
|Warrant       |          |03/01/2033|           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|Listed Put    |03/01/2033|Until     |Cash       |910,230          |0.65%      |
|Warrant       |          |03/01/2033|           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|Contract for  |N/A       |N/A       |Cash       |36,995           |0.03%      |
|differents    |          |          |           |                 |           |
+--------------+----------+----------+-----------+-----------------+-----------+
|              |          |          |Subtotal B |5,347,429        |3.85%      |
+--------------+----------+----------+-----------+-----------------+-----------+

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      |0.05%             |1.93%                |1.98%           |
|Générale S.A.|                  |                     |                |
+-------------+------------------+---------------------+----------------+
|Société      |0.00%             |1.92%                |1.92%           |
|Générale     |                  |                     |                |
|Effekten Gmbh|                  |                     |                |
+-------------+------------------+---------------------+----------------+

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. 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 2023, our net sales totaled EUR 1,174
million. At the end of 2023 we employed over 3,400 professionals. Nokian Tyres
is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com