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Nokian Tyres plc Stock Exchange Release June 21, 2022 at 10:10 a.m.

Nokian Tyres has received an announcement from Amundi Asset Management on June 20, 2022, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement Amundi Asset Management's and its funds combined direct and indirect holding in Nokian Tyres shares fell below the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on June 16, 2022.

The direct shareholding of Amundi Asset Management and its funds in Nokian Tyres amounted to 4,889,346 shares, corresponding to 3.52% of Nokian Tyres' shares and voting rights, and indirect shareholding in Nokian Tyres amounted to 1,378,300 shares, corresponding to 0.99% of Nokian Tyres' shares and voting rights.

Amundi Asset Management and its funds held on deal date a total of 6,267,646 Nokian Tyres' shares representing 4.51% of the company's 138,921,750 shares and voting rights.

Total positions of person(s) subject to the notification obligation:

+----------------+----------+------------------+-----+----------------------+
| |% 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 |4.51% | |4.51%|138,921,750 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+----------------+----------+------------------+-----+----------------------+
|Positions of |5.84% | |5.84%| |
|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|% of shares |
|of shares |and voting rights|and voting rights|and voting |and voting |
|ISIN code | | |rights |rights |
+------------+-----------------+-----------------+-----------+------------+
| |Direct (SMA 9:5) |Indirect |Direct (SMA|Indirect |
| | |(SMA 9:6 and 9:7)|9:5) |(SMA 9:6 and|
| | | | |9:7) |
+------------+-----------------+-----------------+-----------+------------+
|FI0009005318|4,889,346 |1,378,300 |3.52% |0.99% |
+------------+-----------------+-----------------+-----------+------------+
|SUBTOTAL A |6,267,646 |4.51% |
+------------+-----------------+-----------------+-----------+------------+

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

+----------+----------+----------+----------+-----------------+---------------+
|Type of |Expiration|Exercise/ |Physical |Number of shares |% of shares and|
|financial |date |Conversion|or |and voting rights|voting rights |
|instrument| |Period |cash | | |
| | | |settlement| | |
+----------+----------+----------+----------+-----------------+---------------+
| | | | | | |
+----------+----------+----------+----------+-----------------+---------------+
|SUBTOTAL B| | | | | |
+----------+----------+----------+----------+-----------------+---------------+

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

+------------+-----------+-----------------------------+------------------+
|Name |% of shares|% of shares and voting rights|Total of both in %|
| |and voting |through financial instruments| |
| |rights | | |
+------------+-----------+-----------------------------+------------------+
|Amundi Asset|2.39% | |2.39% |
|Management | | | |
+------------+-----------+-----------------------------+------------------+
|LYXOR FUNDS |0.15% | |0.15% |
|SOLUTIONS | | | |
|S.A. | | | |
+------------+-----------+-----------------------------+------------------+
|CPR AM |0.03% | |0.03% |
+------------+-----------+-----------------------------+------------------+
|Amundi Hong |0.003% | |0.003% |
|-Kong Ltd | | | |
+------------+-----------+-----------------------------+------------------+

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations
Tel. +358 10 401 7327

Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com

Nokian Tyres is the world’s northernmost tyre manufacturer that offers peace of mind in all conditions. Our know-how stems from our Scandinavian roots and values. Sustainable safety and eco-friendliness across the entire life cycle are the goals for our passenger car tyres, truck tyres and heavy tyres. Our group also includes the Vianor chain, specialising in vehicle maintenance and tyre services. In 2017, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki.