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Tue March 14 01:15 pm 2006 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release March 14,2006 1.15 p.m.

NOKIAN TYRES BOARD OF DIRECTORS' PROPOSALS TO THE ANNUAL GENERAL MEETING


Nokian Tyres Board of Directors will propose to the Nokian Tyres' Annual General Meeting, to be held April 6, 2006, Members of the Board of Directors to be elected for the next period. The nominates are the current Members of the Board of Directors: Rabbe Grönblom, Hannu Penttilä, Petteri Walldén and Kim Gran and new Members of the Board of Directors: Hille Korhonen, Koki Takahashi and Alexei Vlasov.

In addition the Board of Directors will propose the authorized public accountants KPMG Oy Ab to be elected Nokian Tyres' Auditor.

The Board of Directors proposes that the monthly fee paid to the Chairman of the Board would be EUR 5,000 or EUR 60,000 per year, and the monthly fee paid to Members of the Board EUR 2,500 or EUR 30,000 per year. The Board of Directors also proposes that according to the existing practices, 60% of the annual fee be paid in cash and 40% in company shares to the effect that in the period from 7 April to 30 April 2006, EUR 24,000 worth of Nokian Tyres Plc shares will be purchased at the stock exchange on behalf of the Chairman of the Board and EUR 12,000 worth of shares on behalf of each Board Member.

The proposal means that the final fee paid to Members of the Board would be tied to the company’s share performance. It is not proposed to pay a separate compensation to the President and CEO for Board work.

Nokian Tyres plc

Raila Hietala-Hellman
Vice President, Communications and IR

Further information: Mr. Kim Gran, President and CEO,
tel. +358 3 340 7336.

Distribution: OMX and major media