Wärtsilä Corporation COMPANY ANNOUNCEMENT 19 March 2008 at 6.45 pm local time Convening after the Annual General Meeting on 19 March 2008 the Board of Directors of Wärtsilä Corporation elected Antti Lagerroos as its chairman and Matti Vuoria as the deputy chairman. The Board decided to establish an Audit Committee, a Nomination Committee and a Compensation Committee. The Board appointed from among its members the following members to the Committees: Audit Committee: Antti Lagerroos, chairman Maarit Aarni-Sirviö Matti Vuoria Nomination Committee: Antti Lagerroos, chairman Matti Vuoria Kaj-Gustaf Bergh Compensation Committee: Antti Lagerroos, chairman Matti Vuoria Bertel Langenskiöld www.wartsila.com