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Nokian Tyres plc Stock Exchange Release September 24, 2019, at 10:45 a.m. 

Nokian Tyres has received an announcement from BlackRock, Inc. September 23, 2019, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement BlackRock, Inc.'s total holding in Nokian Tyres shares exceeded the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on September 20, 2019.

BlackRock, Inc. and its funds held on deal date a total of 7,213,467 Nokian Tyres' shares representing a total of 5.19% of company's 138,921,750 shares and voting rights.

Total positions of BlackRock, Inc. and its funds subject to the notification:

+----------------+----------+------------------+-----+----------------------+
| |% 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 |4.90% |0.29% |5.19%|138,921,750 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+----------------+----------+------------------+-----+----------------------+
|Positions of |Below 5% |Below 5% |Below| |
|previous | | |5% | |
|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|Number of shares |% of shares and|% of shares and|
|of |of |and voting rights|voting rights  |voting rights  |
|shares ISIN |shares| | | |
|code |and | | | |
|  |voting| | | |
| |rights| | | |
+------------+------+-----------------+---------------+---------------+
| |Direct|Indirect |Direct (SMA |Indirect |
| |(SMA |(SMA 9:6 and |9:5) |(SMA 9:6 and |
| |9:5) |9:7)  | |9:7)  |
+------------+------+-----------------+---------------+---------------+
|FI0009005318| |6,808,881  | |4.90% |
+------------+------+-----------------+---------------+---------------+
|SUBTOTAL A  | |6,808,881  | |4.90% |
+------------+------+-----------------+---------------+---------------+

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

+-----------+----------+----------+-----------+---------+---------------+
|Type of |Expiration|Exercise/ |Physical or|Number of|% of shares and|
|financial |date  |Conversion|cash |shares |voting rights  |
|instrument | |Period  |settlement |and | |
| | | | |voting | |
| | | | |rights  | |
+-----------+----------+----------+-----------+---------+---------------+
|Securities |N/A |N/A |Physical |404,586 |0.29% |
|Lent | | | | | |
+-----------+----------+----------+-----------+---------+---------------+
|SUBTOTAL B | | | |404,586  |0.29%  |
+-----------+----------+----------+-----------+---------+---------------+

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.