Nokian Renkaat - Company Announcement

Correction to release: Nokian Tyres applies for listing of stock options 2010A

Nokia, Finland, 2012-04-23 09:50 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc
Stock Exchange Release 23 April, 2012 10:50 a.m. 

Correction to release: Nokian Tyres applies for listing of stock options 2010A

Nokian Tyres published a stock exchange release on 20 April 2012 at 10 a.m.
with a headline “Nokian Tyres applies for listing of stock options 2010A”. The
share subscription price in that release was incorrect. The right subscription
price is EUR 16.29. 

The corrected text:

Nokian Tyres plc applies for listing of stock option rights 2010A of Nokian
Tyres plc Stock Options 2010 program on NASDAQ OMX Helsinki to commence on 2
May 2012. 

A total of 1,320,000 stock options 2010A were issued.

Each stock option 2010A entitles its holder to subscribe for one share of
Nokian Tyres plc at a subscription price of EUR 16.29. The share subscription
period is from 2 May 2012 to 31 May 2014. 

As a result of the exercise of the outstanding stock options 2010A, the number
of the Nokian Tyres plc shares may increase by a maximum of 1,320,000 new
shares. 

Evli Bank Plc acts as a subscription place for share subscriptions with Nokian
Tyres plc 2010 stock options. 

The shares subscribed for under stock options 2010A during 2012 will be
registered into the Finnish Trade Register and listed on NASDAQ OMX Helsinki on
the following target dates: 

Share subscription     Entry into the Trade register    New shares tradable on  
 deadline               on or about                      or about               
26.7.2012              21.8.2012                        22.8.2012               
17.10.2012             12.11.2012                       13.11.2012              
20.11.2012             17.12.2012                       18.12.2012              

Shares will establish shareholders rights as of the date of share registration.

The terms and conditions of Nokian Tyres plc stock options 2010 with additional
information are available on the company's website www.nokiantyres.com. 

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

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