Outokumpu Oyj - Company Announcement

Outokumpu confirms continued negotiations with ThyssenKrupp and labor representatives

STOCK EXCHANGE RELEASE
27 January 2012 at 15.10 pm EET



With reference to information made public in Germany concerning discussion
between ThyssenKrupp, Outokumpu and German labor representatives, Outokumpu
confirms that it is in continued negotiations related to a potential business
combination of Outokumpu and Inoxum.

ThyssenKrupp has today announced that the supervisory board of ThyssenKrupp AG
will deal with a possible business combination between Inoxum and Outokumpu at a
meeting next week.

Outokumpu does not intend to make any further announcements in this regard
unless and to the extent a definitive agreement is reached or there are material
developments which require publication.

For more information, please contact:
Kari Tuutti - SVP, Communications, IR & Marketing
tel. +358 9 421 2432
kari.tuutti@outokumpu.com



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





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Attachments:

ENG Announcement Jan 27 2012 SER.pdf