Wärtsilä - Company Announcement

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock Investment Management (UK) Limited increased holding in Wärtsilä Corporation

Notification in accordance with the Finnish Securities Market Act Chapter 9 §
5: BlackRock Investment Management (UK) Limited increased holding in Wärtsilä
Corporation

Wärtsilä Corporation Company Announcement 29 April 2016 at 10:30 am EET

BlackRock, Inc. has informed Wärtsilä Corporation that BlackRock Investment
Management (UK) Limited has purchased Wärtsilä shares on 27 April 2016 and now
owns more than one twentieth (1/20) of the company's votes. Following the
transaction BlackRock Investment Management (UK) Limited owns 5.01% of
Wärtsilä's share capital and total votes. The total number of shares held by
BlackRock, Inc. remains above 5% of Wärtsilä's share capital and total votes.



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

+------------------+------------+-----------------+----------+-----------------+
|                  |% of shares |% of shares and  |          |Total number of  |
|                  |and voting  |voting rights    |% of total|shares and voting|
|                  |rights      |through financial|          |rights of issuer |
|                  |            |instruments      |          |                 |
+------------------+------------+-----------------+----------+-----------------+
|Resulting         |            |                 |          |                 |
|situation on the  |            |                 |          |                 |
|date on which the |            |                 |          |                 |
|threshold was     |            |                 |          |                 |
|crossed or reached|8.05%       |0.56%            |8.62%     |197,241,130      |
+------------------+------------+-----------------+----------+-----------------+
|Position of       |            |                 |          |                 |
|previous          |            |                 |          |                 |
|notification (if  |            |                 |          |                 |
|applicable)       |5.08%       |N/A              |5.08%     |                 |
+------------------+------------+-----------------+----------+-----------------+


Notified details of the resulting situation on the date on which the threshold
was crossed:

A: Shares and voting rights

+-------------------+------------------------------+---------------------------+
|Class / type of    |Number of shares and voting   |% of shares and voting     |
|shares             |rights                        |rights                     |
+-------------------+-------------+----------------+------------+--------------+
|                   |Direct (SMA  |Indirect (SMA   |Direct (SMA |Indirect (SMA |
|                   |9:5)         |9:6 and 9:7)    |9:5)        |9:6 and 9:7)  |
+-------------------+-------------+----------------+------------+--------------+
|FI0009003727       |             |15,894,722      |            |8.05%         |
+-------------------+-------------+----------------+------------+--------------+
|SUBTOTAL A         |15,894,722                    |8.05%                      |
+-------------------+------------------------------+---------------------------+

B: Financial instruments according to SMA 9:6a:

+-------------+-------------+-------------+-------------+------------+---------+
|             |             |             |             |Number of   |% of     |
|Type of      |Expiration   |Exercise /   |Physical or  |shares and  |shares   |
|financial    |date         |Conversion   |cash         |voting      |and      |
|instrument   |             |Period       |settlement   |rights      |voting   |
|             |             |             |             |            |rights   |
+-------------+-------------+-------------+-------------+------------+---------+
|Securities   |N/A          |N/A          |Physical     |1,113,998   |0.56%    |
|Lent         |             |             |             |            |         |
+-------------+-------------+-------------+-------------+------------+---------+
|CFD          |N/A          |N/A          |Cash         |8,722       |0.00%    |
+-------------+-------------+-------------+-------------+------------+---------+
|SUBTOTAL B   |             |             |             |1,122,720   |0.56%    |
+-------------+-------------+-------------+-------------+------------+---------+


[HUG#2008284]