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 3, 2020, at 3:40 p.m.

Nokian Tyres has received an announcement from BlackRock, Inc. on December 2,
2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.
According to the announcement, the total number of Nokian Tyres shares owned by
BlackRock, Inc. and its funds fell below level of 5% of the share capital in
Nokian Tyres plc, as a result of share transactions concluded on December 1,
2020.

Total positions of BlackRock, Inc. and its funds 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       |Below 5%  |Below 5%          |Below|138,921,750           |
|situation on the|          |                  |5%   |                      |
|date on         |          |                  |     |                      |
|which threshold |          |                  |     |                      |
|was crossed or  |          |                  |     |                      |
|reached         |          |                  |     |                      |
+----------------+----------+------------------+-----+----------------------+
|Positions of    |4.94%     |0.77%             |5.71%|                      |
|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 |Number of shares |% of shares|% of shares |
|of shares   |and voting rights|and voting rights|and voting |and voting  |
|ISIN 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|                 |Below 5%         |           |Below 5%    |
+------------+-----------------+-----------------+-----------+------------+
|SUBTOTAL A  |                 |Below 5%         |           |Below 5%    |
+------------+-----------------+-----------------+-----------+------------+

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|                 |               |
+----------+----------+----------+----------+-----------------+---------------+
|Securities|N/A       |N/A       |Physical  |Below 5%         |Below 5%       |
|Lent      |          |          |          |                 |               |
+----------+----------+----------+----------+-----------------+---------------+
|CFD       |N/A       |N/A       |Cash      |Below 5%         |Below 5%       |
+----------+----------+----------+----------+-----------------+---------------+
|SUBTOTAL B|          |          |          |Below 5%         |Below 5%       |
+----------+----------+----------+----------+-----------------+---------------+

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations
Tel. +358 10 401 7327

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