Nokian Renkaat - Company Announcement

NOKIAN TYRES PLC: SHARES SUBSCRIBED WITH OPTION RIGHTS

Nokia, Finland, 2011-05-12 08:00 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc
Stock Exchange Release 12 May 2011 9.00 a.m. 

NOKIAN TYRES PLC: SHARES SUBSCRIBED WITH OPTION RIGHTS

After 24 February 2011 registered new shares a total of 448,867 Nokian Tyres
plc's shares have been subscribed with the 2007A option rights and 175 with the
2007B option rights and 177,790 with the 2007C option rights. These option
rights are attached to the Nokian Tyres plc's Option Programs of 2007. 

New shares have been registered into the Trade Register on 12 May 2011, as of
which date the new shares will establish shareholder rights. 

The share capital will not increase with subscriptions made by 2007 option
rights. The entire subscription price of EUR 8,392,330.41 will be entered in
the invested unrestricted equity reserve. As a result of the share
subscriptions, the number of Nokian Tyres plc shares will increase to
129,475,844 shares. 

The shares will be traded on the NASDAQ OMX Helsinki Ltd together with the old
shares as of 13 May 2011. 

Identifiers of Nokian Tyres plc's share after the registration of new shares:

Trading code: NRE1V
ISIN code: FI0009005318
Number of shares: 129,475,844
Share capital: 25,437,906.00 euros

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

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