SHAREHOLDERS´ NOMINATION COMMITTEE AT OUTOKUMPU
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE NOVEMBER 20, 2006 AT 10.45 am
SHAREHOLDERS´ NOMINATION COMMITTEE AT OUTOKUMPU Outokumpu's Annual General Meeting of March 30, 2006 decided to establish a Shareholders' Nomination Committee to prepare proposals on the composition of the Board of Directors along with director remuneration for the following Annual General Meeting. The Annual General Meeting also decided that the Shareholders Nomination Committee consists of the representatives of Outokumpus four largest shareholders, registered in the Finnish book-entry securities system as of November 1, 2006, which accept the assignment. The Shareholders´ Nomination Committee of Outokumpu consists of the following four shareholders: The Finnish State, The Finnish Social Insurance Institution, Ilmarinen Mutual Pension Insurance Company and Varma Mutual Pension Insurance Company. These shareholders have chosen the following persons as their representatives on the Shareholders' Nomination Committee: Markku Tapio, Director General, Ministry of Trade and Finance (The Finnish State); Jorma Huuhtanen, Director General (The Finnish Social Insurance Institution); Harri Sailas, Deputy CEO (Ilmarinen) and Risto Murto, Chief Investment Officer (Varma). The Chairman of Outokumpu's Board Jukka Härmälä serves as an expert member. The Committee has today in its first meeting elected Markku Tapio as Chairman among its members. The Shareholders' Nomination Committee is required to submit its proposals to the Board of Directors of the company by February 1, 2007. OUTOKUMPU OYJ Corporate Management Eero Mustala SVP - Corporate Communications Tel. +358 9 421 2435, mobile +358 40 504 5146, fax +358 9 421 2429 E-mail: eero.mustala@outokumpu.com www.outokumpu.com