Nokian Tyres has received an announcement from JPMorgan Chase & Co. on June 2, 2022, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the indirect holding and total holding in Nokian Tyres shares owned by the funds and accounts managed by JPMorgan Chase & Co. fell below the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on June 1, 2022.

The indirect shareholding of the funds and accounts managed by JPMorgan Chase & Co. in Nokian Tyres decreased to 3,144,586 shares, corresponding to 2.26% of Nokian Tyres' shares and voting rights. JPMorgan Chase & Co. held on deal date a total of 4,254,058 Nokian Tyres' shares representing 3.06% of the company's 138,921,750 shares and voting rights.

Total positions of person(s) subject to the notification obligation: See full release at:

https://www.nokiantyres.com/company/news-article/nokian-tyres-disclosure-under-chapter-9-section-10-of-the-securities-market-act-227/

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

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