Nokian Tyres AGM Proposals

At the Nokian Tyres Annual General Meeting, to be held April 6, 2006, the Board of Directors will propose the Members of the Board of Directors to be elected for the next period. The nominees 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.

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

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