Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation

Wärtsilä Corporation,
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2 April 2020 at 9:45 AM E. Europe Standard Time

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation

BlackRock, Inc. has informed Wärtsilä Corporation that it’s aggregate holding has crossed below the 5% disclosure limit on 31 March 2020. Following the transaction, BlackRock, Inc. owns 4.30% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 4.82%.

Total position of BlackRock, Inc. and its funds subject to the notification:

% of shares and voting rights

% of shares and voting rights through financial instruments Total of both in % Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached 4.30% 0.52% 4.82% 591,723,390
Position of previous notification (if applicable) 4.85% 0.25% 5.11%

Notified details of the resulting situation on the date on which the threshold was crossed:

A: Shares and voting rights

Class / type of shares Number of shares and voting rights % of shares and voting rights
Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7)
FI0009003727 25,459,118 4.30%
SUBTOTAL A 25,459,118 4.30%

B: Financial instruments according to SMA 9:6a

Type of financial instrument Expiration date Exercise / Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
Securities Lent N/A N/A Physical 2,992,484 0.50%
CFD N/A N/A Cash 117,988 0.01%
SUBTOTAL B 3,110,472 0.52%

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