Wärtsilä holdings of Sampo Life Insurance Company and If P&P Insurance Company

Wärtsilä Corporation, Stock exchange release 12 September 2003 at 14:00 UTC+2

Sampo Life Insurance Company has informed Wärtsilä Corporation that its holding of voting rights in Wärtsilä Corporation now exceeds 5% following a share transaction on 11 September 2003.

Sampo Life’s holding in Wärtsilä Corporation after the transaction is as follows:

 Share Series  Number  % of  % of
     share capital  votes
 Wärtsilä A  944 660  1.58%  4.76%
 Wärtsilä B  1 129 322  1.89%  0.57%
 Total  2 073 982  3.48%  5.33%

If P&C Insurance Company Ltd has informed Wärtsilä Corporation that its holding of voting rights in Wärtsilä Corporation is now below 5% following a share transaction on 11 September 2003.

If P&C Insurance Company Ltd’s holding in Wärtsilä Corporation after the transaction is as follows:

 Share Series  Number  % of  % of
     share capital  votes
 Wärtsilä A 721 752   1.21%  3.64%
 Wärtsilä B  26 600  0.04%  0.01%
 Total  748 352  1.26%  3.65%