SHAREHOLDERS´ NOMINATION COMMITTEE AT OUTOKUMPU
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE DECEMBER 15, 2005 AT 5.00 PM
SHAREHOLDERS´ NOMINATION COMMITTEE AT OUTOKUMPU Outokumpu's Annual General Meeting of April 5, 2005 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 registered shareholders in the Finnish book-entry securities system as of December 1, 2005. Outokumpu's four largest registered shareholders on December 1, 2005 were: The Finnish State, The Finnish Social Insurance Institution, Ilmarinen Mutual Pension Insurance Company and Etera 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); Pertti Parmanne, Chairman of the Board (The Finnish Social Insurance Institution); Kari Puro, President and CEO (Ilmarinen) and Kalevi Hemilä, Deputy Managing Director (Etera). The Chairman of Outokumpu's Board Heimo Karinen 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 estimated to submit its proposals to the Board of Directors by February 1, 2006. 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