Outokumpu Oyj - Major shareholder announcements

Outokumpu - Announcement regarding an agreement which, if completed, will result in change in holdings (Chapter 2, Section 10 of the Finnish Securities Market Act)

MAJOR SHAREHOLDERS ANNOUNCEMENTS
13 March 2012 at 9.00 am EET

Outokumpu Oyj (business identity code: 0215254-2, “Outokumpu”) has 12 March
2012 received a notification based on Chapter 2, Section 9 of the Finnish
Securities Market Act from Ilmarinen Mutual Pension Insurance Company (business
identity code: 0107638-1, “Ilmarinen”). 

Such notification by Ilmarinen contains the following information:

Ilmarinen has on 12 March 2012 entered into a sale and purchase agreement
pursuant to which the seller sells such amount of the subscriptions rights of
Outokumpu received on the basis of the shares of Outokumpu owned by its
Eläkevastuurahasto that, on the basis of this sale and purchase agreement and
the similar and simultaneous sale and purchase agreement relating to the
subscription rights to be entered into with another buyer, it is possible to
subscribe for, by using cash received from the sale of the subscription rights
and the seller's cash amount of EUR 20 million, as many new shares of Outokumpu
as possible pursuant to the subscription rights received on the basis of the
shares of Outokumpu owned by Eläkevastuurahasto. In addition, the seller sells
to Ilmarinen and to the above-mentioned other buyer all the subscription rights
received on the basis of the shares of Outokumpu owned by its
Kansaneläkerahasto. 

If such a sale and purchase agreement is completed, Ilmarinen's holdings in
Outokumpu would be between 5.1 and 6.61 percent of the shares and voting rights
of Outokumpu (flagging threshold to be exceeded: 1/20). 

Ilmarinen's share of the subscription rights that are to be sold will be
confirmed on the trading day which is the day before the last trading day of
the subscription rights pursuant to the terms and conditions of the rights
offering, i.e., on 26 March 2012. 

The share capital of Outokumpu consists of 183 018 749 shares. Each share
carries one vote. 


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 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

Viðhengi:

ENG Ilmarinen Flagging 13.3.2012.pdf