Wärtsilä Corporation, Company announcement, 15 March 2013 at 11.15 am EET Wärtsilä will set up a new fully-owned manufacturing facility in Brazil to meet the increasing market demand, particularly in the offshore market. Wärtsilä's investment in the new facilities is approximately EUR 20 million. The manufacturing premises will be based on a multi-product factory concept for the assembly and testing of Wärtsilä generating sets and propulsion products. In the initial phase, activities will focus on medium sized, medium speed generating sets and steerable thrusters, with the possibility to flexibly expand the product range to respond to market needs. "Wärtsilä's global strategy is to be close to its customers. Our presence in Brazil is now further strengthened to respond to the ongoing demand for Wärtsilä power solutions, and to meet the set local content requirements," says Björn Rosengren, President & CEO of Wärtsilä Corporation. The new manufacturing plant will be located some 300 kilometres north of Rio de Janeiro in the Açu Superport Industrial Complex. The construction of the 4000 square meter plant, with its own waterfront and quay, will commence in April 2013 and it is scheduled to be fully operational by mid 2014. The new delivery centre is expected to employ close to 100 people. For further information please contact: Mr Lars Hellberg President, PowerTech & Executive Vice President Wärtsilä Corporation Tel. +358 10 709 5280 lars.hellberg@wartsila.com Mr Jaakko Eskola President, Ship Power & Executive Vice President Wärtsilä Corporation Tel. +358 10 709 5634 jaakko.eskola@wartsila.com Mr Atte Palomäki Executive Vice President, Communications & Branding Wärtsilä Corporation Tel. +358 40 547 6390 atte.palomaki@wartsila.com Wärtsilä in brief Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasizing technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2012, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,900 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com [HUG#1685556]