Outokumpu – transfer of the company’s own shares

Outokumpu Oyj
Stock Exchange Release
July 6, 2023 at 5.00 pm EEST

Outokumpu – transfer of the company’s own shares

In July 2020, Outokumpu Oyj (“Outokumpu”) issued EUR 125 million senior unsecured convertible bonds due 2025 (the “Bonds”). In June 2023, Outokumpu received a conversion notice pursuant to which Bonds amounting to EUR 200,000 are converted to a total of 67,916 shares of Outokumpu (the ”Conversion Shares”).

The Board of Directors of Outokumpu have today decided to transfer shares of Outokumpu held in treasury as Conversion Shares, which means that the total number of shares in Outokumpu does not change. After the transfer, Outokumpu holds a total of 23,041,290 own shares.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +359 400 719 669

Media: Päivi Allenius, VP – Communications & Brand, tel. +358 40 753 7374

Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com