Wärtsilä Corporation, stock exchange release, 15 December 2020 at 3:30 pm EET

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 reached the 5% disclosure limit on total holding in shares and voting rights on 14 December 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 4.89% 0.11% 5.00% 591,723,390
situation on the
date on
which threshold
was crossed or
reached
Position of Below Below 5% Below 5%
previous 5%
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 and shares
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 28,973,252 4.89%
SUBTOTAL A 28,973,252 4.89%

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 669,387 0.11%
Lent
SUBTOTAL B 669,387 0.11%

https://news.cision.com/wartsila-corporation/r/notification-in-accordance-with-the-finnish-securities-market-act-chapter-9---5--blackrock--inc-s-ho,c3255219

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