Outokumpu confirms preliminary discussions with ThyssenKrupp to evaluate strategic options

STOCK EXCHANGE RELEASE
23 January 2012 at 10.00 am EET

Following recent speculation, Outokumpu confirms preliminary discussions with ThyssenKrupp to evaluate potential strategic options, including a potential business combination of Outokumpu and Inoxum.

These discussions are ongoing and there can be no assurance that any transaction will be proposed or consummated, and if so, what the parameters of such transaction might be.  
A further announcement will be made as and when appropriate.

For more information, please contact:

Kari Tuutti, SVP - Communications and Investor relations,
tel. +358 9 421 2432
kari.tuutti@outokumpu.com