Outokumpu Oyj - Company Announcement

Outokumpu Oyj - share based incentive programme 2006 -2010

STOCK EXCHANGE ANNOUNCEMENT

February 2, 2011 at 10.50 am EET





Outokumpu Oyj - share based incentive programme 2006 -2010



On February 1, 2011, the Outokumpu Board of Directors confirmed that the
earnings criteria of the third earnings period (2008-2010) of the share-based
incentive programme 2006-2010 were not achieved. The criteria set for the
earnings period 2008-2010 were relative development in Total Shareholder Return
(TSR) performance compared to a peer group and the combined benefits of the
excellence programmes. Achieving each criteria was set to result in 50% payment
of the maximum reward. The Board confirmed that the set minimum performance
level was not achieved for either criterion. Therefore, no reward will be paid
to the participants for the third earnings period 2008-2010. 



OUTOKUMPU OYJ





Outokumpuis 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 7 500 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 Share-based incentive programme 2006-2010 02022011.pdf