Nokian Renkaat - Company Announcement

SHARES SUBSCRIBED WITH OPTION RIGHTS; NOKIAN TYRES PLC

Nokian Tyres plc Stock Exchange Announcement Nov 17, 2009 10.00 am

SHARES SUBSCRIBED WITH OPTION RIGHTS; NOKIAN TYRES PLC 

After August 20, 2009 registered increase in share capital a total of 300
Nokian Tyres plc's shares have been subscribed with the 2004C option rights and
300 with the 2007A option rights. These option rights are attached to the
Nokian Tyres plc's Option Programs of 2004 and 2007. 

An increase in share capital relating to 2004C option rights and totalling 60
euros was entered into the Trade Register on November 17, 2009. 

The share capital will not increase with subscriptions made by 2007A option
rights. The sum, corresponding to earlier nominal value, will be entered into
the reserve for invested unrestricted equity. 

The shares will be traded on the NASDAQ OMX Helsinki Ltd together with the old
shares as of November 18, 2009. 

Identifiers of Nokian Tyres plc's share after the increase in share capital:  

Trading code: NRE1V
ISIN code: FI0009005318
Number of shares: 124,849,490

After the increase, Nokian Tyres plc's share capital is 24,969,838.00
euros. 

Nokian Tyres plc

Anssi Mäki
Communications Manager

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