Share subscriptions under Wärtsilä Corporation's 2001 and 2002 option schemes

Wärtsilä Corporation, Stock exchange release 4 August 2006 at 11:00 UTC+2

Subscription of shares under Wärtsilä’s 2001 option scheme began on 1 April 2003. Altogether 4,400 options were exercised between 13 June 2006 and 26 July 2006, in accordance with the terms of the scheme, entitling subscription of 6,600 Wärtsilä B shares. The increase in share capital resulting from these subscriptions totals EUR 23,100.00.

Under the terms of the 2002 option scheme the share subscription period began on 1 April 2004. Altogether 1,200 options were exercised between 13 June 2006 and 26 July 2006, in accordance with the terms of the scheme, entitling subscription of 1,800 Wärtsilä B shares. The increase in share capital resulting from these subscriptions totals EUR 6,300.00.

The total increase in the company’s share capital is EUR 29,400.00, after which the share capital amounts to EUR 331,121,318.50 and the total number of shares to 94,606,091 divided to 23,579,587 Series A shares and 71,026,504 Series B shares.

The company will register the increase in share capital in the Trade Register.

www.wartsila.com