Wärtsilä Corporation at its Annual General Meeting held on 5 March 2020, approved the Board of Directors proposal to pay a dividend of EUR 0.48 per share. The dividend shall be paid in two instalments. The first instalment of EUR 0.24 per share shall be paid to the shareholders who are registered in the list of shareholders maintained
by Euroclear Finland Ltd. on the dividend record date of 9 March 2020. The payment day proposed by the Board for this instalment is 16 March 2020. The second instalment of EUR 0.24 per share shall be paid in September 2020. The second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd. on the dividend record day, which, together with the payment day, shall be decided by the Board of Directors in its
meeting scheduled for 8 September 2020. The dividend record day for the second instalment as per the current rules of the Finnish book-entry system would be 10 September 2020 and the dividend payment day 17 September 2020.

The Annual General Meeting elected Karen Bomba and Mats Rahmström to the Board. Convening after the Annual General Meeting the Board of Directors elected Tom Johnstone as its chairman and Markus Rauramo as the deputy chairman. The Board decided to establish an Audit Committee and a Remuneration Committee. The Board appointed from among its members the following members to the Committees: Audit Committee: Chairman Markus Rauramo, Maarit Aarni-Sirviö, Risto Murto. Remuneration Committee: Chairman Maarit Aarni-Sirviö, Johan Forssell, Tom Johnstone.