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Tue February 14 02:04 pm 2006 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 14 Feb.2006 at 2.05 pm

THE BOARD’S PROPOSALS TO THE ANNUAL GENERAL MEETING


The Board’s proposals to the Annual General Meeting, Arpil 6, 2006 will include a payment of a dividend and the authorisation of the Board to increase share capital.

1. Board’s proposal for payment of dividend

The Board of Directors propose at the Annual General Meeting of Shareholders that a dividend of EUR 0,23 per share is paid for the fiscal year 2005.

The dividend will be paid to shareholders who on the record date, April 11, 2006, have been entered in the Company’s shareholder register maintained by the Finnish Central Securities Depository Ltd. The payment date for the dividend is proposed to be April 13, 2006.

2. Board’s proposal for an authorisation to increase share capital

The Board of Directors proposes that the Board be authorised to decide upon increasing the share capital on one or more occasions by an issue of new shares and/or convertible bonds. The share capital of the company can be increased by a maximum of 4,000,000 euros. A maximum of 20,000,000 new shares can be issued, each bearing a nominal value of EUR 0.20.

The Board of Directors may also deviate from the shareholders pre-emptive subscription right, provided there is a compelling financial reason for the company to do so, as referred to in Chapter 4:2a of the Companies Act.

The Board of Directors has the right to decide upon the parties who are entitled to subscribe, as well as the subscription price, terms and conditions of share subscription, and the terms and conditions of convertible bonds.

The validity of the authorisation is one year from the date of the decision by the Annual General Meeting. At the same time, any other effective authorisations to increase the share capital will be nullified.

3. Other matters

In addition to the matters described above, the Annual General Meeting will elect the members of the Nokian Tyres’ Board of Directors, as well as the auditors for the next period. The names of the potential members and auditors will be announced in the Annual General Meeting Call to be published in March 2006.

Nokian Tyres plc
Raila Hietala-Hellman
Vice President, Public Information


Further information: Mr. Rami Helminen, Vice President, Finance and Control, tel. +358 3 340 7463.

Distribution: OMX and major media