Wärtsilä - Company Announcement

CONSTITUTIVE MEETING OF THE BOARD OF DIRECTORS OF WÄRTSILÄ CORPORATION

Wärtsilä Corporation STOCK EXCHANGE RELEASE 14.3.2007 at 18.00 pm local time

CONSTITUTIVE MEETING OF THE BOARD OF DIRECTORS OF WÄRTSILÄ CORPORATION

Convening after the Annual General Meeting on 14 March 2007 the Board of
Directors of Wärtsilä Corporation elected Antti Lagerroos as its chairman and
Göran J. Ehrnrooth as the deputy chairman. The Board decided to establish an
Audit Committee, a Nomination Committee and a Compensation Committee. The Board
appointed from among its members the following members to the Committees: 

Audit Committee:
Chairman Antti Lagerroos; Members Heikki Allonen, Maarit Aarni-Siviö and Matti
Vuoria. 

Nomination Committee:
Chairman Antti Lagerroos; Members Göran j. Ehrnrooth and Matti Vuoria.

Compensation Committee:
Chairman Antti Lagerroos; Members Heikki Allonen and Matti Vuoria.

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