Repurchase of Outokumpu’s own shares

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Outokumpu Oyj
Stock exchange release

February 20, 2023, at 9.00 am EET

Repurchase of Outokumpu’s own shares

On February 17, 2023, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):

Trading venue Number of shares Weighted average price / share, EUR* Total cost, EUR*
CEUX 34,672 5.519 191,353.19
XHEL 92,221 5.5156 508,649.92
AQEU 7,360 5.5326 40,720.18
Total: 134,253 5.52 740,723.29

* Rounded to two decimals

Outokumpu announced a share buyback program of a maximum of 20 million shares on November 3, 2022. The Board of Directors approved a share buyback program of up to EUR 100 million under the authorization of the Annual General Meeting. The program will end no later than on March 24, 2023.

After the disclosed transactions, Outokumpu holds 17,183,890 treasury shares.

Details of transactions are included as an appendix to this announcement.

Outokumpu

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374

Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com


 

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs more than 8,000 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

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