BlackRock, Inc. now owns more than 5% in Wärtsilä Corporation

(PRESS RELEASE) HELSINKI, 22-Jun-2020 — /EuropaWire/ — Leading Finnish company Wärtsilä Corporation, active in the marine and energy markets, has announced that it has been notified by BlackRock, Inc., the world’s largest asset manager with $7.4 trillion in assets under management, that their aggregate holding in Wärtsilä Corporation has crossed above the 5% disclosure limit on 18 June 2020. The notification is made in accordance with the Finnish Securities Market Act Chapter 9 § 5.

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	4.69%	0.44%	5.13%	591,723,390
Position of previous notification (if applicable)	Below 5%	Below 5%	Below 5%

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		27,776,919		4.69%
SUBTOTAL A	27,776,919		4.69%

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	1,849,155	0.31%
CFD	N/A	N/A	Cash	778,428	0.13%
SUBTOTAL B				2,627,583	0.44%

Media contact:

Mr Atte Palomäki
Executive Vice President
Communications, Branding & Marketing
Tel. +358 (0)10 709 5599
media@wartsila.com

SOURCE: Wärtsilä