Wärtsilä Corporation, Stock exchange release, 26 May 2020 at 15:00 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's aggregate holding has reached the 5% disclosure limit on 25 May 2020. Following the transaction, BlackRock, Inc. owns 4.48% of Wärtsilä's shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.00%.

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 4.48% 0.52% 5.00% 591,723,390
situation on the
date on
which threshold
was crossed or
reached
Position of 4.37% 0.56% 4.94%
previous
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold was reached:
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 26,520,182 4.48%
SUBTOTAL A 26,520,182 4.48%

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 2,812,066 0.47%
Lent
CFD N/A N/A Cash 306,809 0.05%
SUBTOTAL B 3,118,875 0.52%

https://news.cision.com/wartsila-corporation/r/notification-in-accordance-with-the-finnish-securities-market-act-chapter-9---5--blackrock--inc-s-ho,c3120015

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