Wärtsilä Corporation, stock exchange release, 22 October 2020 at 5:00 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 has crossed below the 5% disclosure limit on total holding in shares and voting rights on 21 October 2020.

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 Below Below 5% Below 5% 591,723,390
situation on the 5%
date on
which threshold
was crossed or
reached
Position of 4.78% 0.78% 5.57%
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 shares and
and voting
voting rights
rights
Direct Indirect (SMA Direct Indirect (SMA 9:6 and 9:7)
(SMA 9:6 and 9:7) (SMA
9:5) 9:5)
FI0009003727 Below 5% Below 5%
SUBTOTAL A Below 5% Below 5%

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 Below 5% Below 5%
Lent
CFD N/A N/A Cash Below 5% Below 5%
SUBTOTAL B Below 5% Below 5%

https://news.cision.com/wartsila-corporation/r/notification-in-accordance-with-the-finnish-securities-market-act-chapter-9---5--blackrock--inc-s-ho,c3221245

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