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

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 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	4.89%	0.11%	5.00%	591,723,390
Position of previous notification (if applicable)	Below 5%	Below 5%	Below 5%

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

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		28,973,252		4.89%
SUBTOTAL A	28,973,252	4.89%

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