Nokian Tyres: Changes in Operational Structure and Management Team

Regulatory News:

Nokian Tyres plc (HEX:NRE1V) Stock Exchange Release 20 October 2015, 11.00 a.m.

Nokian Tyres has decided to change its operational structure and responsibilities in the management team to strengthen the company's product and innovation leadership, end-to-end supply operations and sales and distribution management which have been the core of Nokian Tyres' success.

In the new management structure the former operations of Passenger car tyres will be disintegrated and reorganized in a following way: product management, R&D and sales functions will report directly to CEO. Procurement, demand and supply management together with logistics and customer service functions will be part of new Supply Operations unit. In the financial reporting Passenger car tyres will continue to be separately reported like Vianor and Nokian Heavy Tyres.

- Our success will also in the future be based on the world's best products, world class production and distribution and excellent customer orientation. The new operational model is a right step on our path back to profitable growth, says Ari Lehtoranta, President and CEO of Nokian Tyres.

Vianor, Nokian Heavy Tyres, Russian operations, Finance and IR, Quality and Process Development, Marketing and Communications, ICT and Human Resources will continue as earlier without any changes in operative mode reporting to CEO.

New responsibilities

The new Supply Operations unit consists of procurement, demand supply balancing, production, logistics and customer service. Esa Eronen has been nominated as Vice President, Supply Operations. Mr Eronen was formerly Vice President, Production and Production Technology.

Pontus Stenberg has been nominated as Vice President, Sales, to lead the global Sales and sales development unit. Mr Stenberg was formerly Vice President, Nokian Heavy Tyres.

Manu Salmi has been nominated as Vice President, Nokian Heavy Tyres. Mr Salmi was formerly Vice President, Procurement.

Former head of Passenger car tyre operations, Rami Helminen, has decided to leave the company and continue his career elsewhere.

Management team as of 20 October 2015

Ari Lehtoranta, President and CEO

Alexej von Bagh, Vianor

Esa Eronen, Supply Operations

Teppo Huovila, Quality and Process Development

Anne Leskelä, Finance and IR

Heikki Mattsson, ICT

Ville Nurmi, Human Resources

Andrei Pantioukhov, Russian operations

Manu Salmi, Nokian Heavy Tyres

Pontus Stenberg, Sales

Antti-Jussi Tähtinen, Marketing and Communications

Nokian Tyres plc

Antti-Jussi Tähtinen

Vice President, Marketing and Communications

Distribution: NASDAQ Helsinki, media and www.nokiantyres.com

Nokian Tyres is the only tyre manufacturer in the world that focuses on customer needs in northern conditions. The company 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 over 1,300 outlets in 27 countries. In 2014 Nokian Tyres had over 4,200 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the NASDAQ Helsinki. Further information: www.nokiantyres.com

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