Wärtsilä Oyj Abp — Major Shareholding Notification 2018

Mar 9, 2018

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä

Wärtsilä Corporation Stock exchange release 9 March 2018 at 3.50 pm EET
Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5:
BlackRock, Inc.’s holding in Wärtsilä

BlackRock, Inc. has informed Wärtsilä Corporation that its aggregate holding in
Wärtsilä crossed below the 10% disclosure limit on 8 March 2018. BlackRock,
Inc.’s total holding in Wärtsilä Corporation’s shares and voting rights
corresponds to 9.97%.
Total position of BlackRock, Inc. and its funds subject to the notification:

+----------------+------+-----------+------+----------------------+
| |% of |% of shares|% of |Total number of shares|
| |shares|and voting |total |and voting rights of |
| |and |rights | |issuer |
| |voting|through | | |
| |rights|financial | | |
| | |instruments| | |
+----------------+------+-----------+------+----------------------+
|Resulting |6.60% |3.37% |9.97% |197,241,130      |
|situation on the| | | | |
|date on | | | | |
|which the | | | | |
|threshold was | | | | |
|crossed or | | | | |
|reached | | | | |
+----------------+------+-----------+------+----------------------+
|Position of |6.64% |3.37% |10.01%| |
|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 |shares and |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| | 13,027,534| | 6.60%|
+------------+---------+-------------+------+--------------------------+
|SUBTOTAL A | 13,027,534| 6.60%|
+------------+---------+-------------+------+--------------------------+

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 |6,620,378 |3.35% |
|Lent | | | | | |
+----------+----------+----------+-----------+-----------------+-----------+
|CFD |N/A |N/A |Cash |33,872 |0.01% |
+----------+----------+----------+-----------+-----------------+-----------+
|SUBTOTAL B| | | |6,654,250 |3.37% |
+----------+----------+----------+-----------+-----------------+-----------+
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation, total efficiency and data analytics, Wärtsilä maximises the
environmental and economic performance of the vessels and power plants of its
customers. In 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with
approximately 18,000 employees. The company has operations in over 200 locations
in more than 80 countries around the world. Wärtsilä is listed on Nasdaq
Helsinki.
www.wartsila.com