Outokumpu Oyj - Company Announcement

Outokumpu has reached a settlement in damages contribution claims pursuant to EU sanitary copper tube cartel decision

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
July 14, 2014 at 4.00 pm EET



On July 14, 2014 Outokumpu together with number of other companies have reached
full and final settlement agreement on sanitary copper tube cartel claims. 

In 2012 Outokumpu was served with a damages contribution claim in the English
court by IMI (IMI Plc and IMI Kynoch Ltd) and Boliden AB, after Boliden AB and
IMI were served claims for financial loss by members of the Travis Perkins
Group. These claims related to a 2004 ruling by the European Commission which
concluded that a number of companies were involved in price fixing and market
sharing in the sanitary copper tube sector in Europe between June 1988 and
March 2001. 

Outokumpu considered the claim for damages in the English court proceedings to
lack merit, but has decided to contribute to the settlement in order to bring
this matter to an end. 

Says Head of Corporate Affairs and Compliance Kimmo Karihtala: “We consider
this settlement to be justified, as it is in our best interest to avoid further
expense, inconvenience and burden of continuing litigation, and to get a final
resolution in all claims in relation to sanitary copper tube cartel.” 

In addition to Outokumpu the settlement covers also all former Outokumpu
subsidiaries included in the claims. The settlement amount is not significant,
and it will be booked as a non-recurring item in the third quarter 2014
results. 


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 the NASDAQ OMX Helsinki. www.outokumpu.com

Attachments:

EU sanitary tubes ENG 14072014.pdf