Nokian Tyres plc Stock Exchange Release 17 July 2007 3.30 pm NOMURA HAS EXERCISED THE OVER-ALLOTMENT OPTION OF NOKIAN TYRES PLC'S CONVERTIBLE BOND Not for release, publication or distribution directly or indirectly in or into the United States. These materials are not an offer of Securities for sale in the United States. Securities may not be offered or sold into the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. The Joint Lead Manager of Nokian Tyres plc's convertible bonds due 2014 Offering, Nomura International plc has fully exercised the EUR 19.6 million the over-allotment option granted to it by Nokian Tyres Plc. The EUR 19.6 million of additional bonds will solely be used to cover over-allotments. Subsequent to the exercise of the EUR 19.6 over-allotment option the total amount of the convertible bond is EUR 150 million. Nokia, July 17, 2007 Nokian Tyres plc Board of Directors Further information: Anne Leskelä, Vice President, Finance and Control, CFO tel. +358 10 401 7481 or +358 50 570 2481 Distribution: OMX Main Media www.nokiantyres.com This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. Not for release, publication or distribution directly or indirectly in or into the United States. Any offer of the securities described herein will be made by means of an institutional offer. The Offering and the distribution of this Announcement and other information in connection with the Offering in cer-tain jurisdictions may be restricted by law and persons into whose possession any document or other in-formation referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This Announcement is only addressed to and directed at persons outside the United Kingdom and per-sons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as “Relevant Persons”) and must not be acted on or relied on by other persons in the United Kingdom. Any investment or investment activity to which this Announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Stabilisation/FSA
Nomura has exercised the over-allotment option of Nokian Tyres plc's convertible bond
| Source: Nokian Renkaat