Outokumpu Oyj - Major shareholder announcements

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation
Stock exchange release
June 12, 2024 at 1.00 pm EEST

Outokumpu - Announcement regarding change in holdings

Outokumpu Oyj (business identity code: 0215254-2) has on June 12, 2024 received
a notification based on Chapter 9, Section 5 of the Finnish Securities Market
Act. JPMorgan Chase & Co.'s total holding in the shares and voting rights of
Outokumpu has fallen below 5% threshold and was below minimum threshold on June
10, 2024. Their earlier holding in the Outokumpu shares and voting rights was
5.16%.

Total direct and
indirect holdings
of JPMorgan Chase
& Co. according
to
the notification:
                  % of        % of shares and     Total of   Total
                  shares and  voting rights       both       number of
                  voting      through financial   in % (A +  shares
                  rights      instruments (total  B)         and voting
                  (total      of B)                          rights of
                  of A)                                      issuer

Resulting         Below       Below minimum       Below      456,874,448
situation on the  minimum     threshold           minimum
date on           threshold                       threshold
which threshold
was crossed or
reached
Position of       Below       Below minimum       5.16%
previous          minimum     threshold
notification      threshold
(if applicable)

Notified
details of the
resulting
situation on
the date on
which the
threshold was
crossed or
reached:
A: Shares and
voting rights
Class/type of   Number of                       % of
shares          shares                          shares
                and                             and
                voting                          voting
                rights                          rights

                Direct             Indirect     Direct      Indirect
                (SMA 9:5)          (SMA 9:6     (SMA 9:5)   (SMA 9:6 and
                                   and 9:7)                 9:7)
FI0009002422                       Below                    Below
                                   minimum                  minimum
                                   threshold                threshold
SUBTOTAL A      Below                           Below
                minimum                         minimum
                threshold                       threshold

B: Financial
Instruments
according to
SMA 9:6a
Type of       Expiration  Exercise/Co  Physical    Number of  % of shares
financial     date        nversion     or cash     shares     and voting
instrument                Period       settlement  and        rights
                                                   voting
                                                   rights

Cash-settled  19/09/2024  19/09/2024   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  02/01/2025  02/01/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  06/01/2025  06/01/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  16/04/2025  16/04/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  06/05/2025  06/05/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  14/05/2025  14/05/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  22/05/2025  22/05/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  03/06/2025  03/06/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  04/06/2025  04/06/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  02/07/2025  02/07/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  17/11/2025  17/11/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  08/12/2025  08/12/2025   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  28/04/2026  28/04/2026   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  16/10/2026  16/10/2026   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  30/05/2028  30/05/2028   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Cash-settled  22/09/2028  22/09/2028   Cash        Below      Below minimum
Equity Swap                                        minimum    threshold
                                                   threshold
Convertible   09/07/2025  09/07/2025   Physical    Below      Below minimum
Bond                                               minimum    threshold
                                                   threshold
                                       SUBTOTAL B  Below      Below minimum
                                                   minimum    threshold
                                                   threshold

Outokumpu has a total of 456,874,448 shares. Each share carries one vote.
Outokumpu currently holds 33,188,820 treasury shares.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669

Media: Päivi Allenius, VP - Communications, tel. +358 40 753 7374

Outokumpu Corporation

Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,500 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com