Investor acquires additional shares in Wärtsilä from Fiskars Group and becomes the largest shareholder

Fiskars, Investor and their joint venture Avlis AB have signed an agreement
according to which Investor acquires 15.8 million shares, or 8 percent of the
capital and votes in Wärtsilä from Avlis for approximately EUR 639 m., or EUR
40.55 per share. Since April 2012, Investor and Fiskars have had a joint venture
for their ownership interests in Wärtsilä, today representing 21.8 percent of
the capital and votes. Fiskars’ and Investor’s holdings in Wärtsilä through the
joint venture have been 13.0 percent and 8.8 percent respectively.

Following the transaction, the joint venture will be dissolved and Fiskars
retains an ownership stake in Wärtsilä of approximately 5 percent of the capital
and votes.

Investor will also pay an additional consideration to Fiskars’ subsidiary Avlis
(50 percent of profit the first year, 40 percent the second year and 30 percent
the third year) in the event the acquired shares are divested at a higher price
during a three year period. During that period, Fiskars and Investor have agreed
in a shareholder agreement to mutual first right of refusal provisions as well
as a right for Fiskars to participate on equal terms if Investor were to divest
the acquired shares.

The transaction is expected to be completed within the coming weeks. Following
completion, Investor’s ownership in Wärtsilä will amount to 33.1 million shares,
corresponding to 16.8 percent of the capital and votes, making Investor the
largest shareholder. Investor started building its position in Wärtsilä in 2011
and has invested a total of EUR 1,052 m., adjusted for dividends received.

“’Based on its leading market positions, strong growth potential and large
exposure to emerging markets and aftermarket sales, we view Wärtsilä as an
attractive long-term investment. Investor has now become the largest shareholder
in Wärtsilä and we look forward to developing the company further as a long-term
owner”, comments Investor’s CEO Börje Ekholm.
For further information:

Stefan Stern, Head of Corporate Relations and Communications, Phone 46 8 614
2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524
2130
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading
owner of high quality Nordic-based international companies. Through board
participation, our industrial experience, network and financial strength, we
strive to make our companies best-in-class. Our holdings include, among
others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.