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

Wärtsilä Corporation, Flagging notifications, 10 January 2023 at 16:30 UTC+2

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 has crossed above the 5% disclosure limit on total holding in shares and voting rights on 9 January 2023. Following the transaction, BlackRock, Inc. owns 5.01% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.30%.

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 5.01% 0.29% 5.30% 591,723,390
Position of previous notification (if applicable) 4.86% 0.17% 5.03%

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 29,649,612 5.01%
SUBTOTAL A 29,649,612 5.01%

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 21,891 0.00%
CFD N/A N/A Cash 1,712,830 0.28%
SUBTOTAL B 1,734,721 0.29%