Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.'s holding in Wärtsilä Corporation

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 17 October 2022. Following the transaction, BlackRock, Inc. owns 4.86% of Wärtsilä's shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.03%.

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

% of % of shares Total of Total number of shares
shares and voting both in % and voting rights of
and rights issuer
voting through
rights financial
instruments
Resulting 4.86% 0.17% 5.03% 591,723,390
situation on the
date on
which threshold
was crossed or
reached
Position of Below Below 5% Below 5%
previous 5%
notification
(if applicable)

Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights

Class / type Number of % of
of shares shares and shares
voting and
rights voting
rights
Direct Indirect (SMA Direct Indirect (SMA 9:6 and 9:7)
(SMA 9:5) 9:6 and 9:7) (SMA
9:5)
FI0009003727 28,798,622 4.86%
SUBTOTAL A 28,798,622 4.86%

B: Financial instruments according to SMA 9:6a

Type of Expiration Exercise / Physical or Number of shares % of shares
financial date Conversion cash and voting rights and voting
instrument Period settlement rights
Securities N/A N/A Physical 21,891 0.00%
Lent
CFD N/A N/A Cash 984,196 0.16%
SUBTOTAL B 1,006,087 0.17%