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, 28 August 2023 at 14:00 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 25 August 2023. Following the transaction, BlackRock, Inc. owns 5.11% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.27%.

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 5.11% 0.16% 5.27% 591,723,390
Position of previous notification (if applicable) 4.95% 0.17% 5.13%

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 30,270,278 5.11%
SUBTOTAL A 30,270,278 5.11%

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 93,367 0.01%
CFD N/A N/A Cash 864,195 0.14%
SUBTOTAL B 957,562 0.16%

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