Outokumpu Oyj - Company Announcement

Outokumpu receives a claim in Spain related to the divested copper companies

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
July 2, 2014 at 1.00 pm EET


Outokumpu divested all of its copper business between 2003 and 2008. One of the
divested companies domiciled in Spain faced a bankruptcy. The administrator in
bankruptcy have filled a claim against Outokumpu Oyj and two other
non-Outokumpu companies, for recovery of payments made by the bankrupt Spanish
company in connection with the divestment. 

Outokumpu finds there are strong arguments for rejecting the claim of EUR 20
million, given that there are two legal opinions stating that the recovery
claim is statute-barred. Furthermore, creditors of the bankrupt company at the
time of divestment have been paid. The judgment in this litigation is expected
during the third quarter this year. 

For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group



Outokumpu is a global leader in stainless steel. We create advanced materials
that are efficient, long lasting and recyclable - thus building a world that
lasts forever. Stainless steel, invented a century ago, is an ideal material to
create lasting solutions in demanding applications from cutlery to bridges,
energy and medical equipment: it is 100% recyclable, corrosion-resistant,
maintenance-free, durable and hygienic. Outokumpu employs more than 12 000
professionals in more than 30 countries, with headquarters in Espoo, Finland
and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com

Attachments:

Divested copper business claim ENG.pdf