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Nokian Tyres plc Performance Share Plan; performance period 2017 and realization of performance period 2016

Nokian Tyres plc Stock Exchange Release February 2, 2017 8:00 a.m.

In February 2016, the Board of Directors of Nokian Tyres plc approved the
Performance Share Plan for the Group’s key employees. The plan’s performance
periods are calendar years 2016, 2017 and 2018.

The potential reward from the performance period 2017 will be based on the
Nokian Tyres Group´s Net Sales and Operating Profit. The rewards to be paid on
the basis of the performance period 2017 correspond to an approximate maximum
total of 540,000 Nokian Tyres plc shares including also the proportion to be
paid in cash. During the performance period 2017, the Plan is directed to
approximately 200 key employees, including the members of the Group’s Management
Team.

The potential reward from the performance period 2017 will be paid partly in the
Company’s shares and partly in cash in 2018. The shares paid as reward may not
be transferred during an approximately one-year restriction period established
for the shares. For shares paid on the basis of the performance period 2017, the
restriction period will end on 31 March 2019.

The rewards to be paid in 2017, on the basis of the achievement of the required
performance levels set for the performance criteria of the performance period
2016, correspond to a total of 402,875 Nokian Tyres plc shares including also
the proportion to be paid in cash. The Plan was directed to 182 key employees,
including the members of the Group’s Management Team. The shares paid as reward
may not be transferred during an approximately one-year restriction period
established for the shares. For shares paid on the basis of the performance
period 2016, the restriction period will end on 31 March 2018. The members of
the Group’s Management Team must hold 25% of the received gross shares until the
member’s shareholding in the Company equals the member’s fixed gross annual
salary.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information:

Tarja Kaipio, Vice President, Human Resources, tel. +358 10 401 7268

Distribution: Nasdaq Helsinki, media and www.nokiantyres.com
Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes
and facilitates safe driving in demanding conditions. It supplies innovative
tyres for cars, trucks and special heavy machinery mainly in areas with special
challenges on tyre performance: snow, forests and harsh driving conditions in
different seasons. Nokian Tyres’ product development is consistently aiming
for sustainable solutions for safety and the environment, taking into account
the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre
chain Vianor has  approximately 1,500 outlets in 27 countries. In 2016 Nokian
Tyres had approximately 4,400 employees and net sales of approximately 1,4
billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further
information: www.nokiantyres.com