Outokumpu Board decisions at their first meeting

STOCK EXCHANGE RELEASE
14 March 2012 at 4.00 pm EET

The Board of Directors of Outokumpu has today at its first meeting appointed two permanent committees consisting of Board members – the Audit Committee and the Remuneration Committee.

Members to the Board Audit Committee were elected as follows: Olli Vaartimo (chairman), Heikki Malinen, Iman Hill and Siv Schalin.
 
Members to the Board Remuneration Committee were elected as follows: Ole Johansson (chairman), Elisabeth Nilsson and Harri Kerminen.

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