Nokian Renkaat - Changes board/management/auditors

Changes in Nokian Tyres’ Board of Directors and its Committees

Nokian Tyres plc Stock Exchange Release 14 November 2017 3:15 p.m.

The following changes have been made to Nokian Tyres plc’s Board of Directors
due to the passing of Deputy Chairman Tapio Kuula.

Nokian Tyres’ Board of Directors continues with six members until the next
Annual General meeting that will be held on 10 April 2018. The current members
of the Board of Directors are Petteri Walldén (Chairman), Heikki Allonen, Raimo
Lind, Veronica Lindholm, Inka Mero and George Rietbergen.

For the remaining term of office, Nokian Tyres’ Board of Directors has elected,
from among its members, Raimo Lind as its new Deputy Chairman of the Board and
Petteri Walldén (Chairman), Raimo Lind and Veronica Lindholm as members of the
Personnel and Remuneration Committee. Raimo Lind (Chairman), Heikki Allonen,
Inka Mero and George Rietbergen continue as members of the Audit Committee.

Tapio Kuula (born 1957) served on Nokian Tyres’ Board of Directors from 2015
onward. In 2016, he was elected as Chairman of the Personnel and Remuneration
Committee and in 2017 as Deputy Chairman of the Board. Kuula made a prominent
career in the energy industry and served as the longstanding President and CEO
of Fortum, among other things.

“Tapio Kuula was a highly respected and well-liked expert of the business life.
On behalf of our entire company, I want to extend our sincere condolences to his
family and offer thanks for the work Tapio Kuula did for the benefit of our
company,” says Petteri Walldén, Chairman of the Board of Directors.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Petteri Walldén, Chairman of the Board, tel. +358 10 401
7476

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 stores 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