Wärtsilä - Other information disclosed according to the rules of the Exchange

Composition of Wärtsilä's Shareholders' Nomination Board

Wärtsilä Corporation, Stock exchange release, 8 June 2023 at 14:30 EEST

Composition of Wärtsilä's Shareholders' Nomination Board

The following members have been appointed to Wärtsilä's Shareholders' Nomination
Board:

  · Petra Hedengran, General Counsel, Head of Corporate Governance, Investor AB,
appointed by Invaw Invest AB
  · Markus Aho, Chief Investment Officer, Varma Mutual Pension Insurance Company
  · Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance
Company
  · Carl Pettersson, CEO, Elo Mutual Pension Insurance Company
  · Tom Johnstone, Chairman of the Board of Directors of Wärtsilä

Wärtsilä's Shareholders' Nomination Board consists of five members. Four
representatives are nominated by the company's four largest shareholders, with
the fifth member being the Chairman of Wärtsilä's Board of Directors. The four
largest shareholders are determined on the basis of the shareholders' register
maintained by Euroclear Finland Ltd. as of 1 June preceding the Annual General
Meeting of shareholders.

The Shareholders' Nomination Board prepares and presents to the General Meeting
proposals relating to the composition and remuneration of the Board of
Directors. In addition, the Nomination Board reviews and adjusts the diversity
principles of the Board of Directors, as necessary, and does successor planning
of the directors.

For further information, please contact:

Kari Hietanen
Executive Vice President, Corporate Relations and Legal Affairs
Tel. +358 10 709 5609
kari.hietanen@wartsila.com

For investor information, please contact:

Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel. +358 10 709 1461
hanna-maria.heikkinen@wartsila.com

Wärtsilä in brief

Wärtsilä is a global leader in innovative technologies and lifecycle solutions
for the marine and energy markets. We emphasise innovation in sustainable
technology and services to help our customers continuously improve their
environmental and economic performance. Our dedicated and passionate team of
17,500 professionals in more than 240 locations in 79 countries shape the
decarbonisation transformation of our industries across the globe. In 2022,
Wärtsilä's net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq
Helsinki. www.wartsila.com