OUTOKUMPU – ANNOUNCEMENT REGARDING CHANGE IN HOLDINGS

outokumpuOutokumpu Oyj (business identity code: 0215254-2) has received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from ThyssenKrupp AG (registered in the commercial register of the Local Court in Duisburg under HRB 9092 and in Essen under HRB 15364).

Such notification by ThyssenKrupp contains the following information:

Outokumpu and ThyssenKrupp announced on January 31, 2012 the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp. The consideration agreed to be paid to ThyssenKrupp consists partly of new shares in Outokumpu. Outokumpu and ThyssenKrupp have closed the combination of Outokumpu with Inoxum on December 28, 2012. In the directed share issue, ThyssenKrupp has subscribed for 621 042 572 new shares in Outokumpu on December 28, 2012. ThyssenKrupp’s holdings in Outokumpu have exceeded 25% of the shares and voting rights of Outokumpu and represent 29.9% of the shares and voting rights of Outokumpu.

Outokumpu has a total of 2 078 081 348 shares. Each share carries one vote. Outokumpu holds 1 015 888 of its own shares.

Outokumpu Oyj

Outokumpu is the global leader in stainless steel and high performance alloys. Our advanced materials are the ideal choice for demanding applications ranging from cutlery to bridges, energy plants to medical equipment. Stainless steel contributes to a sustainable and long lasting world as it is a 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu employs approximately over 16 000 professionals in over 40 countries, with the Group’s head office in Espoo, Finland and shares listed on the NASDAQ OMX Helsinki. www.outokumpu.com