NOTIFICATION UNDER CHAPTER 2, SECTION 10 OF THE SECURITIES MARKETS ACT ON CHANGE OF SHAREHOLDING

Nokian Tyres has been informed that as a result of a share transaction executed today, March 19, 2003, the holdings of Nokia Corporation in Nokian Tyres plc have been reduced from 18.9% to 0% of the voting rights and share capital in Nokian Tyres plc. The share transaction was executed in accordance with the agreement between Nokia Corporation and Bridgestone Europe NV/SA dated February 24, 2003 that was notified under Chapter 2, Section 10, of the Securities Markets Act on February 24, 2003.

Bridgestone Europe NV/SA has informed that its holdings in Nokian Tyres plc has reached 18.9 % of the voting rights and share capital in Nokian Tyres plc.

Nokian Tyres plc

Raila Hietala-Hellman

Vice President, Communications and IR

Distribution: HEX and major media

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