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Notice to convene the Annual General Meeting of Wärtsilä Corporation



2013-01-25 08:11:54 -


Wärtsilä Corporation Notice to convene annual general meeting 25 January 2013 at
9.00 am (EET)

Notice is given to the shareholders of Wärtsilä Corporation to the Annual
General Meeting to be held on Thursday 7 March 2013 at 4.00 pm at the Congress
Wing of the Helsinki Fair Centre, Messuaukio 1, 00520 Helsinki, Finland. The
reception of persons who have registered for the meeting and the distribution of
voting tickets will commence at 2.30 pm.

A. Matters on the agenda of the general meeting

At the general meeting, the following matters will be considered:

1.  Opening of the meeting

2.  Calling the meeting to order

3.  Election of persons to scrutinise the minutes and to supervise the counting
of votes

4.  Recording the legality of the meeting

5.  Recording the attendance at the meeting and adoption of the list of votes

6.  Presentation of the annual accounts, the report of the Board of Directors
and the auditor's report for the year 2012

- Review by the CEO

7.  Adoption of the annual accounts

8.  Resolution on the use of the profit shown on the balance sheet and the
payment of dividend

- The Board of Directors proposes to the general meeting that a dividend of EUR
1.00 per share be paid for the financial year 2012. The dividend will be paid to
the shareholders who are registered in the list of shareholders maintained by
Euroclear Finland Ltd on the record date which is 12 March 2013. The payment
date proposed by the Board for the dividend is 19 March 2013.

9.  Resolution on the discharge of the members of the Board of Directors and the
CEO from liability

10.  Resolution on the remuneration of the members of the Board of Directors

- The Nomination Committee of the Board proposes that the annual remuneration
payable to the members of the Board in 2013 be as follows: for the Chairman EUR
120,000, for the Deputy Chairman EUR 90,000 and for the ordinary members EUR
60,000. In addition, the Nomination Committee of the Board proposes that each
member will be paid EUR 400/Board meeting attended. The chairman's meeting fee
shall be double this amount. The Nomination Committee further proposes that each
member of the Nomination Committee and the Remuneration Committee will be paid
EUR 500/committee meeting attended and each member of the Audit Committee will
be paid EUR 1,000/committee meeting attended, and the chairmen's meeting fee
being double these amounts. Approximately 40% of the annual fee is proposed to
be paid in Wärtsilä shares, and the rest in cash. The tax deduction for the
entire annual fee will be made from the cash amount. The attendance fees will be
paid in cash. Possible travel expenses will be reimbursed according to the
travel policy of the Company.

11.  Resolution on the number of members of the Board of Directors

- Shareholders representing over 20 percent of the shares and votes of the
Company have informed that they are going to propose to the general meeting that
the number of the Board members be 9.

12.  Election of members of the Board of Directors

- Lars Josefsson has informed that he is not available as member of the Board
when the general meeting elects the members of the Board.
- Shareholders representing over 20 percent of the shares and votes of the
Company have informed that they are going to propose to the general meeting that
from the current members of the Board of Directors M.Sc. (Techn), MBA Maarit
Aarni-Sirviö, managing director Kaj-Gustaf Bergh, M.Sc. (Econ), MBA Alexander
Ehrnrooth, M.Sc. (Econ) Paul Ehrnrooth, B.Sc. (Econ) Mikael Lilius, President
and CEO Gunilla Nordström,  CFO Markus Rauramo and managing director Matti
Vuoria be elected as members of the Board. As a new member of the Board of
Directors is proposed Vice Chairman, Investor AB, Sune Carlsson.
- The above-mentioned persons have given their consent to the position. Also,
the above-mentioned persons have brought to the attention of the Company that if
they become selected, they will select Mikael Lilius as Chairman and Kaj-Gustaf
Bergh as Deputy Chairman of the Board.

13.  Resolution on the remuneration of the auditor

- The Audit Committee of the Board proposes that the auditor be reimbursed
according to the auditor's invoice.

14.  Election of auditor

- The Audit Committee of the Board proposes that the firm of public auditors
KPMG Oy Ab be re-elected as the auditor of the Company for the year 2013.

15.  Authorisation to repurchase and distribute the Company's own shares

a) The Board of Directors proposes that the Annual General Meeting authorises
the Board of Directors to resolve to repurchase the Company's own shares in one
or more instalments on the following conditions:
- The Board of Directors is authorised to resolve to repurchase a maximum of
19,000,000 shares in the Company, which represents 9.63% of all the shares in
the Company.
- Own shares will be repurchased using the Company's unrestricted shareholders'
equity, which means that the repurchases reduce the funds available for
distribution of profits. The shares may be repurchased through public trading at
the prevailing market price formed in public trading on the NASDAQ OMX Helsinki
Oy on the date of repurchase.
- The shares will be repurchased in order to develop the capital structure of
the Company, to finance or carry out acquisitions or other arrangements, or to
be otherwise transferred further, to be held with the company or to be
cancelled.
- The Board of Directors shall decide upon all other terms and conditions for
the repurchase of the Company's own shares. Shares may be repurchased in
deviation from the shareholders' pre-emptive rights.
- The authorisation to repurchase the Company's own shares shall be valid until
the close of the next Annual General Meeting, however no longer than for 18
months from the authorisation of the shareholders' meeting.

b) The Board of Directors proposes that the Annual General Meeting authorises
the Board of Directors to resolve to distribute the Company's own shares in one
or more instalments on the following conditions:
- The Board of Directors is authorised to distribute a maximum of 19,000,000
shares in the Company, which represents 9.63% of all the shares in the Company.
- The Board of Directors is authorised to resolve to whom and in which order the
own shares will be distributed. The Board of Directors is authorised to decide
on the distribution of the Company's own shares otherwise than in proportion to
the existing pre-emptive right of the shareholders to purchase the Company's own
shares.
- The shares can be used as consideration e.g. in acquisitions or other
arrangements in the manner and to the extent decided by the Board of Directors.
The Board of Directors has also the right to decide on the distribution of the
shares in public trading for the purpose of financing possible acquisitions.
- The authorisation includes the right for the Board of Directors to resolve
upon all other terms and conditions for the distribution of the shares held by
the Company.
- The authorisation for the Board of Directors to distribute the Company's own
shares shall be valid for three years from the authorisation of the
shareholders' meeting, and it cancels the authorisation given by the General
Meeting on 8 March 2012 to distribute the Company's own shares.

16.  Closing of the meeting

B.  Documents of the general meeting

The proposals for the decisions on the matters on the agenda of the general
meeting, as well as this notice, are available on Wärtsilä Corporation's website
at www.wartsila.com/investors. The electronic annual report of Wärtsilä
Corporation, including the Company's annual accounts, the report of the Board of
Directors and the auditor's report, is available on the above-mentioned website
no later than 14 February 2013. The proposals for decisions and the other above-
mentioned documents are also available at the meeting. Copies of these documents
and of this notice will be sent to shareholders upon request. The minutes of the
meeting will be available on the above-mentioned website as of 21 March 2013 at
the latest.

C.  Instructions for the participants in the general meeting

1.  Shareholders registered in the shareholders' register
Each shareholder, who is registered on 25 February 2013 in the shareholders'
register of the Company held by Euroclear Finland Ltd., has the right to
participate in the general meeting. A shareholder, whose shares are registered
on his/her personal Finnish book-entry account, is registered in the
shareholders' register of the company.
A shareholder, who is registered in the shareholders' register of the company
and who wants to participate in the general meeting, shall register for the
meeting no later than 4 March 2013 at 16.00 hours by giving a prior notice of
participation which shall be received by the company no later than on the above-
mentioned date. Such notice can be given:
a) by e-mail: yk@wartsila.com
b) on the company's website www.wartsila.com/agm_register
c) by telephone (09.00 am to 12 noon on weekdays) +358 10 709 5282/Anita Nenonen
d) by telefax +358 10 709 5283; or
e) by regular mail to Wärtsilä Corporation, Share Register, P.O. Box 196, FIN-
00531 Helsinki, Finland.
In connection with the registration, a shareholder shall notify his/her name,
date of birth, telephone number and the name of a possible assistant or proxy
representative and the personal identification number of a proxy representative.
The personal data given to Wärtsilä Corporation is used only in connection with
the general meeting and with the processing of related registrations.

2.  Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the
general meeting by virtue of such shares, based on which he/she on the record
date of the general meeting, i.e. 25 February 2013, would be entitled to be
registered in the shareholders' register held by Euroclear Finland Ltd. The
right to participate in the general meeting requires, in addition, that the
shareholder on the basis of such shares has been registered into the temporary
shareholders' register held by Euroclear Finland Ltd at the latest by 4 March
2013 by 10.00 am. As regards nominee registered shares this constitutes due
registration for the general meeting.

A holder of nominee registered shares is advised to request without delay
necessary instructions regarding the registration in the temporary shareholders'
register of the company, the issuing of proxy documents and registration for the
general meeting from his/her custodian bank. The account management organisation
of the custodian bank will register a holder of nominee registered shares, who
wants to participate in the general meeting, into the temporary shareholders'
register of the company at the latest by the time stated above.

3.  Proxy representative and powers of attorney
A shareholder may participate in the general meeting and exercise his/her rights
at the meeting by way of proxy representation. A proxy representative shall
produce a dated proxy document, or otherwise in a reliable manner demonstrate
his/her right to represent the shareholder at the general meeting. When a
shareholder participates in the general meeting by means of several proxy
representatives representing the shareholder with shares at different securities
accounts, the shares by which each proxy representative represents the
shareholder shall be identified in connection with the registration for the
general meeting.
Possible proxy documents should be delivered in originals to Wärtsilä
Corporation, Share Register, P.O. Box 196, FIN-00531 Helsinki, Finland before
the last date for registration.

4.  Other instructions and information
Pursuant to chapter 5, section 25 of the Companies Act, a shareholder who is
present at the general meeting has the right to request information with respect
to the matters to be considered at the meeting.

As of the date of this notice, the total number of shares and votes in Wärtsilä
Corporation is 197,241,130.


Helsinki, 24 January 2013

WÄRTSILÄ CORPORATION
Board of Directors




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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1673207]


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