Subscription of Wärtsilä shares based on 1994 convertible subordinated debentures

Wärtsilä Corporation, Stock exchange release, 4 June 2002 at 08:30 UTC+2

Altogether 372 new series A shares and 4,092 new series B shares were subscribed between 1 May and 31 May 2002 in exchange for convertible subordinated debentures floated by Wärtsilä Corporation in 1994, representing altogether EUR 60,547.65 of the loan capital.