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

Threadneedle Asset Management Limited (registered in England and Wales No 573204) has informed that its ownership of Nokian Tyres share capital and voting rights has decreased below 5% on May 28, 2005. Threadneedle Asset Management Limited’s share is now 4,924% of Nokian Tyres share capital figure of 119,373,010.

The ownership more in detail as follows:

- Allied Dunbar International Europe Fund 22,990 shares

- Allied Dunbar Assurance Plc – Zur Assce Adpn European 441,324 shares

- Allied Dunbar Assurance Plc – Zur Assce Adlf European Acc 37,300 shares

- Allied Dunbar Assurance Plc – Zur Assce Adlf Equity Europe Sub 272,910 shares

- Threadneedle Pension Managers Ltd – TPN: European Equities 106,036 shares

- Eagle Star Unit Managers Ltd –Growth Trust 6,060 shares

- Allied Dunbar Assurance Plc – Zur Assce Adpn Equity Europe Sub 673,610 shares

- Crescendo Hedge Funds – TAML Crescendo European Fund 1,150,000 shares

- Eagle Star Staff Pension Scheme – ZFS UK Pension Scheme European Equity 232,546 shares

- American Express Asset Management International Inc – AEF Global Innovation 33,260 shares

- Threadneedle Unitholders – European Growth 585,160 shares

- Threadneedle Unitholders – European Select Growth 1,085,616 shares

- Threadneedle Unitholders – European Smaller Companies Growth 1,194,650 shares

- Threadneedle Unitholders II – Pan European Accelerando Fund 36,380 shares

Nokian Tyres plc

Raila Hietala-Hellman

Vice President, Communications and IR

Distribution: OMX and major media

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