Fiskars Oyj Abp and Investor AB to Form Joint Venture

Fiskars Oyj Abp (Fiskars) announced that Fiskars Group and Investor AB have agreed to join interests to create a long-term owner for Wartsila Corporation (Wartsila). Fiskars Group and Investor AB have agreed to merge their ownership interests through a joint venture and to together develop the ownership strategy. The joint venture, currently representing 19.44% of the shares and votes in Wartsila, will be a committed owner with a long-term horizon that will enhance the development of Wartsila's business and shareholder value. The legal merging of Fiskars Group’s and Investor AB´s interests will take place in due course, but the parties will act in concert concerning the Wartsila ownership as of April 24, 2012. Fiskars’ subsidiary, Avlis AB, currently holds 13.00% of the shares and votes in Wartsila. Including the purchase from Avlis AB, Investor AB has acquired a total of 12,701,821 shares in Wartsila during the past three quarters, representing 6.44% of the capital and votes respectively. The joint venture has no effect on other assets previously held by Avlis, which will continue to be fully owned and controlled by Fiskars. Over time, the parties may, through the joint venture, consider increasing their holding in Wartsila subject to general market conditions and Wartsila's development. However, there is no intention to make a bid on Wartsila and the joint ownership will accordingly remain below 30% under current strategy.