THE NOMINATION AND COMPENSATION COMMITTEE OF OUTOKUMPU?S BOARD CONFIRMES MANAGEMENT STOCK OPTIONS
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE FEBRUARY 16, 2005 AT 3.00 PM
THE NOMINATION AND COMPENSATION COMMITTEE OF OUTOKUMPUS BOARD CONFIRMES MANAGEMENT STOCK OPTIONS 2003B The Nomination and Compensation Committee of Outokumpu Oyjs Board of Directors has today confirmed, as authorized by the Board, the number of stock options 2003B to be distributed to Outokumpus management. Altogether 1 148 820 stock options 2003B will be distributed to 130 persons. The members of the Group Executive Committee will receive 55,2% and other key persons 75% of the maximum number of stock options 2003B approved in February 2004. The number of stock options 2003B to be distributed was decided based on the Groups earnings per share (EPS) and share price development that were set as earnings criteria for the options in February 2004. The additional earnings criterion for the Group Executive Committee members was the Groups gearing. Altogether 1 148 820 Outokumpu Oyj shares can be subscribed for with the 2003B stock options between September 1, 2007 and March 1, 2010. Subscription price for a stock option will be the trading volume weighted average of the Outokumpu share on the Helsinki Stock Exchange between December 1, 2004 and February 28, 2005. OUTOKUMPU OYJ Corporate Management Eero Mustala Senior Vice President Corporate Communications Tel. +358 9 421 2435, Mobile +358 40 504 5146 E-mail: eero.mustala@outokumpu.com