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2016-05-06

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock Investment Management (UK) Limited increased holding in Wärtsilä C

Notification in accordance with the Finnish Securities Market Act Chapter 9 §
5: BlackRock Investment Management (UK) Limited increased holding in Wärtsilä
Corporation

Wärtsilä Corporation Company Announcement 6 May 2016 at 8.30 am EET

BlackRock, Inc. has informed Wärtsilä Corporation that BlackRock Investment
Management (UK) Limited has purchased Wärtsilä shares on 3 May 2016, crossing
above the 5% disclosure limit on shares and voting rights and remaining above
5% on total holdings. Following the transaction BlackRock Investment
Management (UK) Limited owns 5.01% of Wärtsilä's shares and voting rights and
0.12% of shares and voting rights through financial instruments,
corresponding to a total of 5.13%. The total number of shares held by
BlackRock, Inc. remains above 5% of Wärtsilä's share capital and total votes.

Total position of BlackRock, Inc. and its funds subject to the notification:

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| % of shares and voting rights % of shares and voting rights through financial % of total Total number of shares and voting rights of issuer |
| instruments |
| Resulting situation on the date on which the 8.31% 0.53% 8.84% 197,241,130 |
|threshold was crossed or reached |
| Position of previous notification (if applicable) 8.05% 0.56% 8.62% |
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Notified details of the resulting situation on the date on which the threshold
was crossed:

A: Shares and voting rights

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| 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 16,391,021 8.31% |
| SUBTOTAL A 16,391,021 8.31% |
----------------------------------------------------------------------------------------------------------------------
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 1,041,449 0.52% |
| CFD N/A N/A Cash 8,722 0.00% |
| SUBTOTAL B 1,050,171 0.53% |
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire

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