Nokian Tyres’ President and CEO to change

Nokian Tyres plc Stock Exchange Release 27 September 2016 09.00 a.m.

Nokian Tyres’ President and CEO Ari Lehtoranta has resigned his position in order to pursue new opportunities outside of Nokian Tyres. He continues in his present position until the end of 2016. Company’s Board of Directors will start the recruitment process to select a new President and CEO for the company.

- I want to thank Ari Lehtoranta for his contribution in leading and developing the Company. Nokian Tyres’ position in the market is strong and the outlook positive. Several significant strategic development projects are under way in the Company. Most important among these has been the increase in sales in the Company’s growth markets Central Europe and North America. Company’s management and personnel are highly skilled, and now we will select a new and best possible CEO for the Company, says Petteri Walldén, Nokian Tyres’ Chairman of the Board of Directors.

- Nokian Tyres is in excellent condition. Our customers are satisfied with our products and services. I am proud of our personnel and their capability. I will continue my work in full until the end of the year. At this point, however, I already want to thank everybody at Nokian Tyres and the Board of Directors for excellent cooperation, says Ari Lehtoranta.

Teleconference on 27 September at 1:00 p.m. EET

Chairman of the Board Petteri Walldén and CEO Ari Lehtoranta will be answering questions in a teleconference that will be arranged today, 27 September at 1:00 p.m. EET.  You can participate in the telephone conference by calling one of the numbers below 5–10 minutes before the scheduled starting time:

FI: +358981710495
UK: +442031940552
SE: +46856642702
US: +18557161597

Nokian Tyres plc
Petteri Walldén
Chairman of the Board of Directors

Further information: Chairman of the Board Petteri Walldén, tel. +358 10 401 7476

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

Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has 1,482 outlets in 26 countries. In 2015 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com