Wärtsilä sold 10 million shares in Assa Abloy

Wärtsilä Corporation, Stock exchange release 12 May 2006 at 08:45 UTC+2

Wärtsilä Corporation has sold 10 million B shares in Assa Abloy AB (publ.) for approximately EUR 150 million. Wärtsilä will record a capital gain of approx. EUR 125 million on this sale. The tax on the capital gain is approx. EUR 35 million.

After this transaction Wärtsilä holds 7,270,350 Series B shares which represents 2.0% (4,7) of the total number of the shares and 1.4% (3,2) of the voting rights. After this transaction the market value of Wärtsilä´s holding is approximately EUR 110 million.

For further information please contact:
Mr Raimo Lind, Executive Vice President, tel. +358 10 709 5640.