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, Flagging notification, 1 March 2023 at 15.00 EET

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 28 February 2023. Following the transaction, BlackRock, Inc. owns 5.03% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.17%.

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 5.03% 0.13% 5.17% 591,723,390
Position of previous notification (if applicable) 4.92% 0.14% 5.06%

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 29,806,569 5.03%
SUBTOTAL A 29,806,569 5.03%

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 317,867 0.05%
CFD N/A N/A Cash 506,202 0.08%
SUBTOTAL B 824,069 0.13%

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