Subscription of Wärtsilä shares based on 1994 convertible subordinated debentures

Wärtsilä Corporation, Stock exchange release, 1 July 2002 at 10:30 UTC+2

Altogether 310 new series A shares and 8,866 new series B shares were subscribed between 1 June and 30 June 2002 in exchange for convertible subordinated debentures floated by Wärtsilä Corporation in 1994, representing altogether EUR 124,459.07 of the loan capital.