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

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Wärtsilä Corporation, Stock exchange release, 3 April 2020 at 9:45 am EEST

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 reached the 5% disclosure limit on 1 April 2020. Following the transaction, BlackRock, Inc. owns 4.48% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.00%.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 4.48% 0.52% 5.00% 591,723,390
Position of previous notification (if applicable) 4.30% 0.52% 4.82%

Notified details of the resulting situation on the date on which the threshold was reached:

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 26,522,378 4.48%
SUBTOTAL A 26,522,378 4.48%

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 2,958,698 0.50%
CFD N/A N/A Cash 132,396 0.02%
SUBTOTAL B 3,091,094 0.52%

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