Wärtsilä - Company Announcement

Wärtsilä's statement regarding announcement by Hamworthy plc

Wärtsilä Corporation, Company Announcement, 17 November 2011, at 7.25 pm (EET)

Wärtsilä Corporation ("Wärtsilä") notes the recent announcement by Hamworthy plc
("Hamworthy"). Wärtsilä confirms that it is in advanced discussions with
Hamworthy regarding a 825 pence per ordinary share cash offer. The potential
offer is likely to assume that no further dividend will be paid but, if a
dividend is paid, Wärtsilä's offer will be reduced by the amount of that
dividend.
The Board of Wärtsilä believes that the combination would create an exciting
platform in the offshore, marine gas and environmental solutions markets
creating long-term growth to the benefit of shareholders, customers, and
employees alike.

Wärtsilä has strategically developed its Ship Power division in recent years
beyond the traditional engine technology to encompass ancillary equipment and
systems to be able to provide customers with more value added marine solutions.
Hamworthy would extend that strategy by offering excellent technology in strong
market positions, on which Wärtsilä could leverage its international sales and
service network.

Wärtsilä believes that the combined resource and competence base would improve
the potential in the Offshore markets, help to capture a bigger share of the
growing marine gas application market as well as create a stronger position
within the rapidly evolving environmental solutions markets. The combination of
Wärtsilä and Hamworthy would deliver benefits to both businesses' current and
future customers and stakeholders.

This announcement does not amount to an announcement of a firm intention to make
an offer and there can be no certainty that an offer will be made.

The potential offer will not have an impact on Wärtsilä's prospects for 2011.

In accordance with the United Kingdom regulations (City Code on Takeovers and
Mergers), Wärtsilä must, by no later than 5.00 p.m. (UK time) on 15 December
2011, either announce a firm intention to make an offer for Hamworthy or
announce that it does not intend to make an offer. This deadline will only be
extended with the consent of the Takeover Panel in the UK.

A further announcement will be made in due course.

Attachment: Wärtsilä's press release published in the UK

The announcement from Hamworthy plc can be found atwww.hamworthy.com

Contact details:

Mr Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 40 5476390
atte.palomaki@wartsila.com
Ms Pauliina Tennilä
Director, Investor Relations
Wärtsilä Corporation
Tel: +358 40 570 5530
pauliina.tennila@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers.

In 2010, Wärtsilä's net sales totalled EUR 4.6 billion with more than 17,500
employees. The company has operations in 160 locations in 70 countries around
the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com


[HUG#1564749]

Attachments:

Statement regarding Hamworthy announcement.pdf