OUTOTEC OYJ          STOCK EXCHANGE RELEASE      JUNE 4, 2009 AT 9.00 AM

PERTTI KORHONEN APPOINTED NEW PRESIDENT AND CEO OF OUTOTEC 

The Board of Directors of Outotec has appointed Mr. Pertti Korhonen, 47, M. Sc. (Electronics Eng.), new President and Chief Executive Officer of Outotec Oyj. Mr. Korhonen will join Outotec on September 1, 2009, serve as Chief Operating Officer as of October 1, 2009 and assume the duties of CEO on January 1, 2010 from Tapani Järvinen who will retire at the end of 2009.

Pertti Korhonen has graduated from the University of Oulu, Finland. He started working for Nokia in 1987 where he held various management positions in product development, technology, production, sourcing and logistics for two decades. Mr. Korhonen served on Nokia's Group Executive Board from 2002 to 2006 and worked as Chief Technology Officer during 2004 - 2006.  In 2006, he assumed the duties of CEO of Elektrobit, a company providing solutions, products and services for automotive and wireless industries.

Chairman of the Board of Directors of Outotec Risto Virrankoski: "Pertti Korhonen has had an impressive career in Nokia in various key leadership and expert positions. He also steered a large transformation as the CEO of Elektrobit. Mr. Korhonen is known for his innovative and customer-oriented approach in solving technological and business challenges. I am convinced that his background together with his dynamic personality will bring about new elements to support Outotec's growth strategy. I also believe that he will soon earn the trust of Outotec's personnel and customers alike. The Board wishes him all the best in his new position."

Pertti Korhonen: "I am excited about this opportunity to join Outotec, a reputable company that has a long history in the mining and metals industry as the global technology and market leader in its field. I hope that my experience will add to the strong team of skilled experts and I am looking forward to contributing to further growth and success of Outotec."

CV of Pertti Juhani Korhonen

b. October 2, 1961 in Tampere, Finland

Married, 3 children

Finnish citizen

Master of Science (Electronics Engineering) 1987, University of Oulu, Finland

2006 - June 3, 2009   CEO, Elektrobit Corporation Plc

2004 - 2006    Chief Technology Officer of Nokia, Executive Vice President,
Nokia Technology Platforms

2002 - 2006   Member of the Nokia Group Executive Board

2001 - 2003   Executive Vice President, Nokia Mobile Software

1990 - 2001   Various management positions in Nokia Mobile Phones, such as Senior Vice President, Global Operations, Logistics and Sourcing; Vice President, Manufacturing Europe; Project Executive; Vice President, R&D

1990   Vice President, Product Development, Micronas Oy

1988 - 1990   Design Manager, Nokia-Mobira

1987 - 1988   Design Engineer, Mobira

Board Memberships

2008 -   Member of the Board of Directors, Elisa Oyj

2007 -   Member of the Board of Directors, Veho Group Oy

For further information please contact:

Risto Virrankoski, Chairman of the Board of Directors of Outotec Oyj

tel. +358 20 529 2929 (from 11.00 am to 2.00 pm EEST)

Outotec Oyj

Eila Paatela, Vice President - Corporate Communications

tel. +358 20 529 2004, +358 400 817 198

e-mail eila.paatela(at)outotec.com

Distribution:

NASDAQ OMX Helsinki

Main media

www.outotec.com