Outokumpu Oyj - Company Announcement

Outokumpu divests part of its European stock operations to Amari

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
4 July 2012 at 12.00 am EET


Outokumpu is consolidating the Group's stocking operations into a smaller
number of locations in Europe and deepening cooperation with independent
distributors. 

Outokumpu has signed an agreement with Amari, a privately owned group of
companies focusing on multi-metal distribution. According to the agreement,
Outokumpu will sell 10 of its stock operations in nine countries to Amari, and
thereby halves the number of its own stock locations. In conjunction with the
transaction, approximately 100 Outokumpu employees will transfer to Amari. 

Subject to Outokumpu Board approval and customary closing conditions, the
transaction is expected to be completed during the third quarter of 2012. The
total consideration of the transaction is expected to be EUR 15-20 million,
depending on the stock value at the closing of the transaction. The transaction
is expected to have a marginal positive cash flow impact. Furthermore,
following the transaction Outokumpu expects to book a marginal loss in its
third quarter accounts. 

Rationalisation of the distribution network is part of the Group's ongoing
programmes to reduce working capital by EUR 250 million and achieve cost
savings of EUR 100 million. 

For further information:

Investors:

Ingela Ulfves - Investor Relations
tel. +358 9 421 2438, mob. +358 40 51 51 531

Media:

Saara Tahvanainen - Media Relations
tel. +358 9 421 3265, mob. + 358 40 589 0223


OUTOKUMPU OYJ



Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our
stainless steel and services worldwide. Being fully recyclable,
maintenance-free, as well as very strong and durable material, stainless steel
is one of the key building blocks for sustainable future. Outokumpu employs
some 8 000 people in more than 30 countries. The Group's head office is located
in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.
www.outokumpu.com

Attachments:

ENG Stock divestment 2012.pdf