Wärtsilä Corporation's recommended acquisitio...

Wärtsilä Corporation, Company Announcement, 13 December 2011, at 9.00 am (EET)

On  22 November  2011, Wärtsilä  and  Hamworthy  announced that they had reached
agreement  on the terms of  a recommended offer for  the entire issued and to be
issued  ordinary share capital of Hamworthy  for 825 pence in cash per Hamworthy
share.  The acquisition  will be  effected by  means of  a Scheme of Arrangement
under English law.



Further  to that  announcement, Wärtsilä  and Hamworthy  are pleased to announce
that  the  scheme  document  relating  to  the  acquisition  is  being posted to
Hamworthy  Shareholders today. The scheme will need  to be approved at the Court
Meeting  and will require the  passing of a special  resolution at the Hamworthy
General Meeting.



The  scheme  document,  together  with  information  incorporated  by  reference
therein,  will be  available on  the Investors  section of Wärtsilä's website at
www.wartsila.com.



The expected timetable of principal events, UK time:

EVENT                                      TIME AND DATE((1))

Court Meeting                              11.00 a.m. on 9 January 2012

General Meeting of Hamworthy((2))          11.15 a.m. on 9 January 2012

Scheme  Court  Hearing  (to  sanction  the 26 January 2012
Scheme)((1))

Effective Date((1))                        31 January 2012

Cancellation   of   trading  of  Hamworthy by  no  later  than  8.00 a.m. on 31
shares((1))                                January 2012





Notes:

 1. These  dates  and  times  are  indicative  only and will depend, among other
    things,  on  the  dates  by  which  all  necessary anti-trust clearances are
    obtained  and the dates on which the Court sanctions the Scheme and confirms
    the  associated Reduction of Capital. This timetable assumes that German and
    Norwegian  anti-trust clearances are  obtained by not  later than 26 January
    2012.
 2. In  the event that the Court Meeting concludes after 11.15 a.m., the General
    Meeting will follow as soon as possible thereafter.


For further information, please contact:

Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 10 709 5599
[e-mail]

For investor information, please contact:

Pauliina Tennilä
Director, Investor Relations
Wärtsilä Corporation
Tel: +358 10 709 5445
[e-mail]

Wärtsilä in brief

Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2010, Wärtsilä's net sales
totalled EUR 4.6 billion with more than 17,500 employees. The company has
operations in 160 locations in 70 countries around the world. Wärtsilä is listed
on the NASDAQ OMX Helsinki, Finland. www.wartsila.com







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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE

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