Nokian Renkaat - Major shareholder announcements

NOTICE OF CHANGES IN OWNERSHIP IN COMPLIANCE WITH ARTICLE 10 OF SECTION 2 OF THE SECURITIES MARKET ACTS

Nokian Tyres plc Stock Exchange Announcement May 8, 2008  11.15 am

On 5 May, 2008 Nokian Tyres received an announcement from Grantham, Mayo, Van
Otterloo & Co LLC according to which as a result of a share transaction
concluded on 30 April 2008, their ownership has decreased under the level of 5
% of the voting rights and share capital in Nokian Tyres plc. Grantham, Mayo,
Van Otterloo & Co LLC now holds a total of 6,220,002 Nokian Tyres' share
representing 4,99 % of company's 124.630.700 shares and voting rights. 

Nokian Tyres plc

Raila Hietala-Hellman
Vice President, Corporate Communications 

Distribution: OMX and major media