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, 17 May 2023 at 16:30 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 has crossed above the 5% disclosure limit on total holding in shares and voting rights on 16 May 2023. Following the transaction, BlackRock, Inc. owns 5.18% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.26%.

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 5.18% 0.08% 5.26% 591,723,390
Position of previous notification (if applicable) 4.97% 0.17% 5.15%

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 30,652,652 5.18%
SUBTOTAL A 30,652,652 5.18%

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 139,461 0.02%
CFD N/A N/A Cash 351,644 0.05%
SUBTOTAL B 491,105 0.08%

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