Nokian Renkaat - Major shareholder announcements

Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act

Nokian Tyres plc Stock Exchange Release November 15, 2017, at 3:55 p.m.

Nokian Tyres has received an announcement from BlackRock, Inc. on November 15,
2017, according to which BlackRock, Inc.'s indirect holding in Nokian Tyres
shares fell below level of 5% of the share capital in Nokian Tyres plc, as a
result of a share transactions concluded on November 14, 2017. The indirect
shareholding of BlackRock, Inc. in Nokian Tyres has decreased to 6,856,776
shares, corresponding to 4.99% of Nokian Tyres’ shares and voting rights.

The mutual funds managed by BlackRock, Inc. held on deal date a total of
7,680,336 Nokian Tyres’ shares representing 5.59% of company’s 137,201,374
shares and voting rights.

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       |4.99%     |0.60%             |5.59% |137,201,374           |
|situation on the|          |                  |      |                      |
|date on         |          |                  |      |                      |
|which threshold |          |                  |      |                      |
|was crossed or  |          |                  |      |                      |
|reached         |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+
|Positions of    |5.20%     |0.30%             |5.50% |                      |
|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 and|% of shares
and|
|of shares   |and voting rights|and voting rights|voting rights  |voting rights
|
|ISIN code   |                 |                 |               |
|
+------------+-----------------+-----------------+---------------+--------------
-+
|            |Direct (SMA 9:5) |Indirect         |Direct (SMA    |Indirect
|
|            |                 |(SMA 9:6 and     |9:5)           |(SMA 9:6 and
|
|            |                 |9:7)             |               |9:7)
|
+------------+-----------------+-----------------+---------------+--------------
-+
|FI0009005318|                 |6,856,776        |               |4.99%
|
+------------+-----------------+-----------------+---------------+--------------
-+
|SUBTOTAL A  |                 |6,856,776        |               |4.99%
|
+------------+-----------------+-----------------+---------------+--------------
-+

B: Financial instruments according to SMA 9:6a:

+-----------+----------+----------+-----------+---------+---------------+
|Type of    |Expiration|Exercise/ |Physical or|Number of|% of shares and|
|financial  |date      |Conversion|cash       |shares   |voting rights  |
|instrument |          |Period    |settlement |and      |               |
|           |          |          |           |voting   |               |
|           |          |          |           |rights   |               |
+-----------+----------+----------+-----------+---------+---------------+
|Securities |N/A       |N/A       |Physical   |636,114  |0.46%          |
|Lent       |          |          |           |         |               |
+-----------+----------+----------+-----------+---------+---------------+
|CFD        |N/A       |N/A       |Cash       |187,446  |0.13%          |
+-----------+----------+----------+-----------+---------+---------------+
|SUBTOTAL B |          |          |           |823,560  |0.60%          |
+-----------+----------+----------+-----------+---------+---------------+

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Distribution: Nasdaq Helsinki Oy, 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