Outokumpu awarded again for good corporate responsibility reporting

PRESS RELEASE
November 9, 2010 at 9.30 am EET

Outokumpu's corporate responsibility reporting maintains its high quality for the report of the year 2009. It was ranked third in the Finnish corporate responsibility reporting review. The results of the 2010 review were announced on November 8, 2010, in Helsinki, Finland.

In total the reports of 42 Finland-based organizations were analyzed. This year, the jury placed special emphasis on companies' efforts in the field of energy and material efficiency as well as diversity at work. Outokumpu continues its good reporting practices: it was ranked third this year. For the 2007 and 2008 reports, Outokumpu's reporting was ranked first. The 2009 report was an online report with integrated annual and corporate responsibility reports. According to the jury, corporate responsibility is clearly linked to business in Outokumpu's report, and this is supported by integrated reporting. Furthermore, Outokumpu reports well on energy and material efficiency with set targets and results.

"I am extremely pleased and honoured with this high level recognition and encouragement. Especially because for the first time we only published an online corporate responsibility report and it was within our annual report. I believe that corporate responsibility reporting contributes to improving our responsibility in everyday business as well as transparency. I hope that by reading the reports our stakeholders get a better understanding of our operations and the challenges in stainless steel business. The responsible way to operate is the basis on which we build, but it is also important to let people know about our challenges and achievements", says Liisa Jalanko, Vice President for corporate responsibility in Outokumpu Oyj.

This was the 15th time the Finnish corporate responsibility reporting was reviewed. The review was organized by the Confederation of Finnish Industries EK, Finnish Business & Society, Ministry of Employment and the Economy, Ministry of the Environment, Association of Environmental Management and Finnish Institute of Authorized Public Accountants. The assessment criterion was based on the Global Reporting Initiative (GRI) G3 guidelines.

For further information
Liisa Jalanko, Vice President - Corporate Responsibility, Outokumpu Oyj
Mobile +358 400 446663

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 7 500 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