Impact of Wärtsilä's extra dividend on stock option schemes

Wartsila Corporation
  • Stock exchange release
20 March 2006 at 2:01 AM FLE Standard Time

Wärtsilä Corporation STOCK EXCHANGE ANNOUNCEMENT 20.3.2006 at 9.00 am

The extra dividend of 0.60 euros per share approved by Wärtsilä’s Annual General Meeting on 15 March 2006 will reduce the subscription price of the 2001 and 2002 stock options as provided by the terms and conditions of these schemes, by the amount of the extra dividend, i.e. by 0.60 euros per share. Thus the subscription price of the Wärtsilä B share under the 2001 options is 16.10 euros and under the 2002 options 8.90 euros. The deduction from the share subscription price shall be effected as per the dividend record date, 20 March 2006.