Nokian Renkaat - Company Announcement

Share subscription price and market value of Nokian Tyres plc stock options 2013B

Nokia, Finland, 2014-05-09 11:20 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc 
Stock Exchange Release 9 May 2014 at 12.20 p.m. 

Share subscription price and market value of Nokian Tyres plc stock options
2013B 

The Annual General Meeting of Shareholders decided on 11 April 2013 on issue of
stock options to the Nokian Tyres Group personnel and to a fully owned
subsidiary of the Company. The share subscription price for stock option 2013B
is EUR 29.54 per share (the trade volume weighted average quotation of the
share on NASDAQ OMX Helsinki Ltd. during 1 January - 30 April 2014). Each year
dividends and equity returns will be deducted from the share subscription
price. 

A total of 1,150,000 new shares or existing shares held by the Company can be
subscribed for with stock options 2013B. The share subscription period for
stock options 2013B will be 1 May 2016 - 31 May 2018. 

The theoretical market value of one stock option 2013B is EUR 6.41. The
theoretical market value of the stock options 2013B is EUR 7,371,500 in total.
The theoretical market value of one stock option has been calculated through
the use of Black & Scholes stock option pricing model with the following input
factors: share price EUR 27.76, share subscription price EUR 29.54, risk free
interest rate 0.60%, validity of stock options four years and volatility 31%. 

The terms and conditions of the Stock Options 2013 are available on the
Company's internet pages www.nokiantyres.com. 

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Anne Leskelä, Vice President, CFO & IR, tel. +358 10 401
7481 Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com