Nokian Tyres has received an announcement from Sprucegrove Investment Management on July 30, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.

According to the announcement Sprucegrove Investment Management's direct 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 July 27, 2020. The direct shareholding of Sprucegrove Investment Management in Nokian Tyres has increased to 7,155,766 shares, corresponding to 5.15% of Nokian Tyres' shares and voting rights.

Total positions of Sprucegrove Investment Management's subject to the notification:

% of shares and voting rights (total of A)	% of shares and voting rights through financial instruments (total of B)	Total of both in % (A+B)	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	5.15%	N/A	5.15%	138,921,750
Position of previous notification	4.92%	N/A	4.92%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights:

Class/type of shares

ISIN code	Number of shares and voting rights	Number of shares and voting rights	% of shares and voting rights	% of shares and voting rights
Direct (SMA 9:5)	Indirect
(SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect

(SMA 9:6 and 9:7)

FI0009005318	7,155,766		5.15%	
SUBTOTAL A	7,155,766		5.15%

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

Type of financial

instrument	Expiration date	Exercise/
Conversion Period	Physical or
cash settlement	Number of shares
and voting rights	% of shares and

voting rights

N/A	N/A	N/A	N/A	N/A	N/A
SUBTOTAL B				N/A	N/A

Nokian Tyres plc

Paivi Antola

SVP, Corporate Communications and Investor Relations

Tel. +358 10 401 7327

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

(C) 2020 Electronic News Publishing, source ENP Newswire