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

Wartsila Corporation
  • Stock exchange release
16 March 2006 at 2:01 AM E. Europe Standard Time

Wärtsilä Corporation STOCK EXCHANGE ANNOUNCEMENT 16 March 2006 at 10.00 am local time

Subscription of shares under Wärtsilä’s 2001 option scheme began on 1 April 2003. Altogether 6,050 options were exercised between 16 November 2005 and 6 March 2006, in accordance with the terms of the scheme, entitling subscription of 9,075 Wärtsilä B shares. The increase in share capital resulting from these subscriptions totals EUR 31,762.50.

Under the terms of the 2002 option scheme the share subscription period began on 1 April 2004. Altogether 1,000 options were exercised between 1 December 2005 and 6 March 2006, in accordance with the terms of the scheme, entitling subscription of 1,500 Wärtsilä B shares. The increase in share capital resulting from these subscriptions totals EUR 5,250.00.

The total increase in the company’s share capital is EUR 37,012.50, after which the share capital amounts to EUR 329,411,918.50 and the total number of shares to 94,117,691 divided to 23,579,587 Series A shares and 70,538,104 Series B shares.

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