Outokumpu Oyj - share based incentive programme 2006 -2010

STOCK EXCHANGE ANNOUNCEMENT

February 2, 2011 at 10.50 am EET

Outokumpu Oyj – share based incentive programme 2006 –2010

On February 1, 2011, the Outokumpu Board of Directors confirmed that the earnings criteria of the third earnings period (2008-2010) of the share-based incentive programme 2006–2010 were not achieved. The criteria set for the earnings period 2008–2010 were relative development in Total Shareholder Return (TSR) performance compared to a peer group and the combined benefits of the excellence programmes. Achieving each criteria was set to result in 50% payment of the maximum reward. The Board confirmed that the set minimum performance level was not achieved for either criterion. Therefore, no reward will be paid to the participants for the third earnings period 2008–2010.

OUTOKUMPU OYJ

 

Outokumpuis 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