2022-06-23 09:15:00 CEST

2022-06-23 09:15:04 CEST


REGULATED INFORMATION

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Wärtsilä - Major shareholder announcements

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.'s holding in Wärtsilä Corporation


Wärtsilä Corporation, Flagging notification, 23 June 2022 at 10:15 EET

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5:
BlackRock, Inc.'s holding in Wärtsilä Corporation
BlackRock, Inc. has informed Wärtsilä Corporation that it has crossed below the
5% disclosure limit on total holding in shares and voting rights on 21 June
2022.

Total position of BlackRock, Inc. and its funds subject to the notification:

                  % of    % of shares  Total of   Total number of shares
                  shares  and voting   both in %  and voting rights of
                  and     rights                  issuer
                  voting  through
                  rights  financial
                          instruments
Resulting          Below     Below 5%   Below 5%             591,723,390
situation on the      5%
date on
which threshold
was crossed or
reached
Position of        4.83%        0.17%      5.01%
previous
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold
was crossed:
A: Shares and voting rights

Class / type  Number                 % of
of shares     of                     shares
              shares                 and
              and                    voting
              voting                 rights
              rights
              Direct  Indirect (SMA  Direct  Indirect (SMA 9:6 and 9:7)
              (SMA    9:6 and 9:7)   (SMA
              9:5)                   9:5)
FI0009003727               Below 5%                            Below 5%
SUBTOTAL A                 Below 5%                            Below 5%

B: Financial instruments according to SMA 9:6a

Type of     Expiration  Exercise /  Physical or  Number of shares   % of shares
financial   date        Conversion  cash         and voting rights  and voting
instrument              Period      settlement                      rights
Securities  N/A         N/A         Physical              Below 5%     Below 5%
Lent
CFD         N/A         N/A         Cash                  Below 5%     Below 5%
                                    SUBTOTAL B            Below 5%     Below 5%