Update on sale process of Oy Ovako Ab

Wärtsilä Corporation, Stock exchange release 6 October 2006 at 09:00 UTC+2

With reference to the stock exchange release issued on July 17th 2006, the regulatory process in the sale of the operating units of Oy Ovako Ab to the Dutch-German buying consortium is still ongoing. The closing is expected to be completed during the fourth quarter of 2006. As a consequence, the expected capital gain will materialise during the fourth quarter of 2006 and Ovako will be included in associated company income for the third quarter in 2006.

For further information please contact

Mr Raimo Lind, Executive Vice President & CFO, Wärtsilä Corporation, phone: +358 10 7095 640.