Nokian Renkaat - Company Announcement

CORRECTION TO THE STOCK EXCHANGE RELEASE: STATUTORY NEGOTIATIONS AT NOKIAN HEAVY TYRES ENDED

Nokia, Finland, 2011-12-12 14:15 CET (GLOBE NEWSWIRE) -- Nokian Tyres plc Stock
Exchange Release 12 Dec 2011 at 3:15 p.m. 

CORRECTION TO THE STOCK EXCHANGE RELEASE: STATUTORY NEGOTIATIONS AT NOKIAN
HEAVY TYRES ENDED 

There was a numerical error in the last sentence of Nokian Tyres stock exchange
release on 12 Dec 2011 at 1:45 p.m. with headline “Statutory Negotiations at
Nokian Heavy Tyres ended”. The corrected sentence is: 

Nokian Heavy Tyres Ltd produced approximately 8% of the Nokian Tyres Group's
Net sales and approximately 5% of the group's Operating result in 1-9/2011. 

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Jarmo Puputti, Director Nokian Heavy Tyres Ltd., tel. +358
10 4017995. 

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