NOTICE OF CHANGES IN OWNERSHIP IN COMPLIANCE WITH ARTICLE 10 OF SECTION 2 OF THE SECURITIES MARKET ACTS

Nokian Tyres plc Stock Exchange Announcement October 16, 2008 5.10 pm

NOTICE OF CHANGES IN OWNERSHIP IN COMPLIANCE WITH ARTICLE 10 OF SECTION 2 OF
THE SECURITIES MARKET ACTS 

Nokian Tyres has today received an announcement according to which the
ownership of Varma Mutual Pension Insurance Company (business identity code
0533297-9) has increased above the level of 5 % of the voting rights and share
capital in Nokian Tyres plc as a result of a share transaction concluded on the
16th of October 2008. Varma Mutual Pension Insurance Company now holds a total
of 6,870,657 Nokian Tyres' shares representing 5.50 % of company's 124,831,190
shares and voting rights. 

Nokian Tyres plc

Raila Hietala-Hellman
Vice President, Corporate Communications 


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