Annual General Meeting

The ultimate decision making body in the company is the General Meeting of shareholders. It resolves issues as defined for General Meetings in the Finnish Companies Act and the company’s Articles of Association. These include approving the financial statements, deciding on the distribution of dividends, discharging the company’s Board of Directors and CEO from liability for the financial year, appointing the company’s Board of Directors and auditors, and deciding on their remuneration. A General Meeting of Wärtsilä Corporation shareholders is held at least once a year. The Annual General Meeting (AGM) must be held no later than the end of June. Under the Articles of Association, an invitation to a General Meeting shall be published in at least two daily newspapers in common circulation in Finland, as decided by the Board of Directors, not earlier than two months prior to the meeting and not later than 17 days before the meeting. Wärtsilä also publishes its invitations to General Meetings as stock exchange announcements and on its internet website. Shareholders have, according to the law, the right to put items falling within the competence of the General Meeting on the agenda of the General Meeting, if the shareholder so notifies the Board of Directors in writing well in advance of the General Meeting so that the item can be added to the notice of the General Meeting.

Annual General meeting 2009

Wärtsilä’s Annual General Meeting, held on 11 March 2009, approved the financial statements and discharged the members of the Board of Directors and the company’s President & CEO from liability for the financial year 2008. All related documents can be found on Wärtsilä’s website www.wartsila.com.