Changes in Nokian Tyres’ Board of Directors and its Committees

Nokian Tyres plc Stock Exchange Release 14 November 2017 3:15 p.m.

The following changes have been made to Nokian Tyres plc’s Board of Directors due to the passing of Deputy Chairman Tapio Kuula.

Nokian Tyres’ Board of Directors continues with six members until the next Annual General meeting that will be held on 10 April 2018. The current members of the Board of Directors are Petteri Walldén (Chairman), Heikki Allonen, Raimo Lind, Veronica Lindholm, Inka Mero and George Rietbergen.

For the remaining term of office, Nokian Tyres’ Board of Directors has elected, from among its members, Raimo Lind as its new Deputy Chairman of the Board and Petteri Walldén (Chairman), Raimo Lind and Veronica Lindholm as members of the Personnel and Remuneration Committee. Raimo Lind (Chairman), Heikki Allonen, Inka Mero and George Rietbergen continue as members of the Audit Committee.

Tapio Kuula (born 1957) served on Nokian Tyres’ Board of Directors from 2015 onward. In 2016, he was elected as Chairman of the Personnel and Remuneration Committee and in 2017 as Deputy Chairman of the Board. Kuula made a prominent career in the energy industry and served as the longstanding President and CEO of Fortum, among other things.

“Tapio Kuula was a highly respected and well-liked expert of the business life. On behalf of our entire company, I want to extend our sincere condolences to his family and offer thanks for the work Tapio Kuula did for the benefit of our company,” says Petteri Walldén, Chairman of the Board of Directors.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

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

Distribution: Nasdaq Helsinki, 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 approximately 1,500 stores in 27 countries. In 2016 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