Outokumpu Oyj - Company Announcement

Outokumpu divests its share in the Fischer Mexicana joint venture for USD 63 million

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
September 30, 2015 at 3.45 pm EET



Outokumpu announced today an agreement between F.E.R. Fischer Edelstahlrohre
GmbH (hereafter “Fischer”) and Outokumpu regarding “fischer Mexicana S.A. DE
C.V.” (“Fischer Mexicana”), the joint venture between these two companies,
whereupon Outokumpu will divest to Fischer its 50% stake in the joint venture
for USD 63 million. Closing of the transaction is expected in the fourth
quarter of 2015 and the positive cash impact will reduce Outokumpu's
indebtedness. Outokumpu's own operations in Mexico remain unchanged. 

Founded in 1998, the joint venture was originally formed by ThyssenKrupp
Mexinox and Fischer, and it has become the largest stainless tube producer in
Mexico. 

Says Mika Seitovirta, Outokumpu CEO: “As a joint venture, Fischer Mexicana has
served its purpose well. However, as the tubular products of this joint venture
are not at the core of our current business, we wanted to seize the opportunity
to sell our share in the company and thereby contribute to our debt reduction
efforts. Fischer remains a valued, long-standing customer that we will continue
to serve with strong commitment. ” 

Outokumpu's presence across the Americas includes five mills including the
integrated stainless steel mill in Calvert, Alabama, and a cold rolling mill in
San Luis Potosí, Mexico, where Outokumpu is the clear market leader in
stainless steel. 

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 Nasdaq Helsinki. www.outokumpu.com

Attachments:

Outokumpu_divests_its_share_Fischer_jointventure_30092015_EN.pdf