Outokumpu is committed in the Fennovoima nuclear power project

PRESS RELEASE
1 April 2011 at 10.15 am EET

Contrary to some Finnish media reports today, Outokumpu confirms that it is fully committed in the Fennovoima nuclear power project. Outokumpu has a close to 10% stake in the Fennovoima project, which got a parliamentary decision-in-principle last summer to construct a new nuclear power plant in Finland. The project is important in securing the Group's long-term cost-competitiveness.

For more information: Mikko Rintamäki, tel. +358 40 558 2289

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.
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