Nokian Renkaat - Company Announcement

Statutory negotiations at Nokian Tyres’ Finnish factory ended

Nokia, Finland, 2012-12-17 12:30 CET (GLOBE NEWSWIRE) -- Nokian Tyres plc Stock
Exchange Release 17 December 2012, 1.30 p.m. 

Statutory negotiations at Nokian Tyres' Finnish factory ended

The statutory negotiations at Nokian Tyres plc Finnish factory ended on 17
December 2012. Improving productivity and adjusting production will be executed
mainly with temporary lay-offs; in addition 28 production workers and officials
will be laid off permanently. 

The car tyre production will be cut through lay-offs by not more than 42
production days in 2013. Heavy tyre production will be adjusted accordingly by
decreasing production volumes and cutting production days. 

The Nokian Tyres' Finnish factory has approximately 600 workers and staff in
the car tyre production and 260 people in Nokian Heavy Tyres' operations. 

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Mr. Esa Eronen, VP Production Technology, tel: +358 10 401
7281 and Mr. Jarmo Puputti, Director, Nokian Heavy Tyres Ltd., tel. +358 10 401
7995. 

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