SHAREHOLDERS? NOMINATION COMMITTEE MEMBERS AT OUTOKUMPU
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE JANUARY 13, 2005 AT 4.00 PM
SHAREHOLDERS NOMINATION COMMITTEE MEMBERS AT OUTOKUMPU Outokumpus Annual General Meeting of April 2, 2004 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 General Meeting to be held on April 5, 2005. 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, 2004 along with the Chairman of Outokumpus Board as an expert member. Outokumpus four largest registered shareholders on December 1, 2004 were: The Finnish State, The Finnish Social Insurance Institution, Ilmarinen Mutual Pension Insurance Company and OP Delta investment fund. These shareholders have chosen the following persons as their representatives on the Shareholders Nomination Committee: Markku Tapio, Director General, State Shareholdings unit (The Finnish State); Pertti Parmanne, Director of the Central Organisation of the Finnish Trade Unions, SAK (The Finnish Social Insurance Institution); Kari Puro, President and CEO (Ilmarinen) and Mikael Silvennoinen, CEO of OKO (OP Delta investment fund). The Chairman of Outokumpus Board Heimo Karinen serves as an expert member. The Committee has 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, 2005. Outokumpu OYJ Corporate Management Johanna Sintonen Vice President - Investor Relations Tel. +358 9 421 2438, mobile +358 40 530 0778, fax +358 9 421 2125 E-mail: johanna.sintonen@outokumpu.com