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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6 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 2 April 2020. Following the transaction, BlackRock, Inc. owns 4.37% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 4.94%.

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 4.37% 0.56% 4.94% 591,723,390
Position of previous notification (if applicable) 4.48% 0.52% 5.00%

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 25,880,976 4.37%
SUBTOTAL A 25,880,976 4.37%

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 3,159,833 0.53%
CFD N/A N/A Cash 211,241 0.03%
SUBTOTAL B 3,371,074 0.56%

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