Wartsila Corporation-Flagging notifications16 July 2020 at 5:30 PM E. Europe Standard Time.

Notification in accordance with the Finnish Securities Market Act Chapter 9 (*) 5: BlackRock, Inc.'s holding in Wartsila Corporation

BlackRock, Inc. has informed Wartsila Corporation that it has crossed above the 5% disclosure limit on shares and voting rights on 15 July 2020.

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

% of shares and voting rights

% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	5.02%	0.78%	5.80%	591,723,390
Position of previous notification (if applicable)	4.69%	0.44%	5.13%

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

A: Shares and voting rights

Class / type of shares	Number of shares and voting rights	% of shares and voting rights
Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI0009003727		29,747,108		5.02%
SUBTOTAL A	29,747,108	5.02%

B: Financial instruments according to SMA 9:6a

Type of financial instrument	Expiration date	Exercise / Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Securities Lent	N/A	N/A	Physical	3,628,017	0.61%
CFD	N/A	N/A	Cash	991,349	0.16%
SUBTOTAL B				4,619,366	0.78%

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