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2015-03-30

Wärtsilä Oyj Abp: Wärtsilä to improve availability and maximise lifetime of power plants in Lihir gold mine

Wärtsilä Corporation, Press release, 30 March 2015 at 10.00 am EET

Wärtsilä, the leading global supplier of flexible and efficient power plant
solutions and services, has signed a 3-year Service Agreement with Newcrest
Mining Limited for their power plants in Lihir gold mine in Papua New Guinea.
The agreement, signed in February 2015, ensures maximised lifetime,
performance and reduced operational costs for Newcrest Mining's power plants
in a safe, reliable, and environmentally sustainable way.

The agreement covers the major engine services and spare parts for the three
power plants - diesel power station, interim power station and oil cubes -
located in Lihir gold mine. In total, these power plants have 22 Wärtsilä
engines with a combined output of 172 MW.

Newcrest Mining is one of the world's largest mining companies. Their gold
deposit in Lihir, located within the Luise Caldera, is one of the largest
known gold deposits in the world. Wärtsilä provided the first diesel power
station to Lihir in 1996 and gold production commenced in 1997. Lihir has one
deposit, one open pit and multiple ore zones.

"We are very happy to deepen our cooperation with Newcrest Mining in the Lihir
gold mine. By working with the people in Newcrest Mining, we now have
pre-negotiated rates for labour and parts for the major services on the
engines. By drawing up the annual plans together and streamlining processes,
we can ensure the timely completion of each major engine service, thereby
increasing engine availability, improving operational efficiency and reducing
costs," says John Sydney, Service Unit Director Australasia from Wärtsilä.

For further information, please contact:

Mr John Sydney
Managing Director and SU Director Australasia
Tel: +61 2 8822 2960
john.sydney@wartsila.com

Ms Hanna Viita
Director, Marketing
Tel: +358 40 167 1755
hanna.viita@wartsila.com

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing
their business - whenever, wherever. We provide industry's broadest range of
services for both shipping and power generation. Our solutions range from
spare parts and basic support to ensuring maximised lifetime, increased
efficiency and guaranteed performance of customer's equipment or installation
- in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of
the vessels and power plants of its customers. In 2014, Wärtsilä's net sales
totalled EUR 4.8 billion with approximately 17,700 employees. The company has
operations in more than 200 locations in nearly 70 countries around the
world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com

Wärtsilä Newsroom

Newcrest Mining in brief

Newcrest is the largest gold producer listed on the Australian Stock Exchange
and one of the world's largest gold mining companies who operates mines in
four countries, with a global workforce of around 10,000. Newcrest owns and
operates a portfolio of predominantly low cost, long life mines and a strong
pipeline of brownfield and greenfield exploration projects. Newcrest's asset
portfolio includes operating mines that use a variety of efficient mining
methods for large ore bodies, together with selective underground mining
methods.
www.newcrest.com.au

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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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