Outokumpu Oyj - Company Announcement

Outokumpu's Board of Directors confirmed the share-based incentive reward for the earning period 2006-2008

STOCK EXCHANGE ANNOUNCEMENT
March 9, 2009 at 3.30 pm


In 2006, Outokumpu's Board of Directors established a share-based
incentive program 2006-2010 as part of the key employee incentive and
commitment system of the company. The program entitles participants a
possibility to receive Outokumpu shares and cash (equaling to the
amount taxes) as reward on the basis of attainment of the criteria
established for each earning period. On February 3, 2009, the Board
of Directors confirmed the number of shares to be distributed to the
participants of the first earning period of the programme.

The criteria set for the earning period 2006-2008 were relative TSR
(total shareholder return) performance compared to a peer group and
the combined benefits of the excellence programs. Achieving each
target was set to result in 50% payment of the maximum reward. Based
on the achievement of the targets, the Board confirmed that the
participants would receive 50% of the maximum number of shares.
Altogether 177 715 shares will be distributed to 125 persons in March
2009. Outokumpu will use it's treasury shares for the reward payment,
which means that the total number of shares of the company does not
change.

The participants may not dispose of the shares received under the
programme for a period of 24 months from the time of receipt of the
shares. According to the share ownership plan of the Outokumpu Group
the members of the Group Executive Committee are obliged to own
Outokumpu shares received under incentive programmes for the value of
their annual gross base salary.

OUTOKUMPU OYJ
Corporate Management


Ingela Ulfves
Vice President - Investor Relations & Financial Communications
tel. + 358 9 421 2438, mobile +358 40 515 1531
 ingela.ulfves@outokumpu.com
www.outokumpu.com

Attachments:

ENG Share-based incentive reward 9.3.09.pdf