2020-08-07 14:45:00 CEST

2020-08-07 14:45:02 CEST


REGULATED INFORMATION

English
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, Stock exchange release, 7 August 2020 at 3.45 pm EEST

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 above the
5% disclosure limit on shares and voting rights on 6 August 2020.

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         5.08%   0.39%        5.47%      591,723,390
situation on the
date on
which threshold
was crossed or
reached
Position of       4.99%   0.43%        5.43%
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
of            shares and                shares
shares        voting                    and
              rights                    voting
                                        rights
               Direct    Indirect (SMA  Direct  Indirect (SMA 9:6 and 9:7)
              (SMA 9:5)  9:6 and 9:7)    (SMA
                                         9:5)
FI0009003727             30,068,850             5.08%
SUBTOTAL A           30,068,850                       5.08%

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     2,112,415          0.35%
Lent
CFD         N/A         N/A         Cash         201,531            0.03%
                                    SUBTOTAL B   2,313,946          0.39%