Nokian Renkaat - Company Announcement

Share subscription price and market value of Nokian Tyres plc stock options 2013A

Nokia, Finland, 2013-05-07 10:00 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc 
Stock Exchange Release 7 May 2013 at 11 a.m. 

Share subscription price and market value of Nokian Tyres plc stock options
2013A 

The Annual General Meeting of Shareholders decided on 11 April 2013 on issue of
stock options to the Nokian Tyres Group personnel and to a fully owned
subsidiary of the Company. The share subscription price for stock option 2013A
is EUR 32.26 per share (the trade volume weighted average quotation of the
share on NASDAQ OMX Helsinki Ltd. during 1 January-30 April 2013). Each year
dividends and equity returns will be deducted from the share subscription
price. 

A total of 1,150,000 new shares or existing shares held by the Company can be
subscribed for with stock options 2013A. The share subscription period for
stock options 2013A will be 1 May 2015-31 May 2017. 

The theoretical market value of one stock option 2013A is EUR 8.20. The
theoretical market value of the stock options 2013A is EUR 9,430,000 in total.
The theoretical market value of one stock option has been calculated through
the use of Black & Scholes stock option pricing model with the following input
factors: share price EUR 32.00, share subscription price EUR 32.26, risk free
interest rate 0.35%, validity of stock options four years and volatility 32%. 

The terms and conditions of the Stock Options 2013 are available on the
Company's internet pages www.nokiantyres.com. 

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Anne Leskelä, Vice President, CFO & IR, tel. +358 10 401
7481 

Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com