Outokumpu – Announcement regarding change in holdings

MAJOR SHAREHOLDERS ANNOUNCEMENTS
17 April 2012 at 12.30 pm EET


Outokumpu Oyj (business identity code: 0215254-2, “Outokumpu”) has today received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from Ilmarinen Mutual Pension Insurance Company (business identity code: 0107638-1, “Ilmarinen”).

Such notification by Ilmarinen contains the following information:

Due to the share subscription made by Ilmarinen on 4 April 2012 and the registration of the new shares in Outokumpu with the Finnish Trade Register on 17 April 2012, Ilmarinen’s holdings in Outokumpu have exceeded 5 percent of the shares and voting rights of Outokumpu. Ilmarinen currently owns 87,353,368 shares, which represent 6.00 percent of the shares and voting rights of Outokumpu.

The share capital of Outokumpu currently consists of 1,457,038,776 shares. Each share carries one vote.


OUTOKUMPU OYJ



Outokumpu is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki. www.outokumpu.com