Outokumpu Oyj - Major shareholder announcements

Outokumpu - Announcement regarding change in holdings

Outokumpu Oyj
Stock exchange release
June 10, 2024 at 3.30 pm EEST

Outokumpu Oyj (business identity code: 0215254-2) has on June 7, 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 through
financial instruments of Outokumpu has fallen below 5% threshold and was below
minimum threshold on June 5, 2024. The earlier holding in the Outokumpu shares
and voting rights through financial instruments was 5.05%. JPMorgan Chase & Co's
total holding in the shares and voting rights of Outokumpu remained above
minimum threshold.



+----------------+----------+------------------+------+----------------------+
|Total direct and                                                            |
|indirect holdings                                                           |
|of JPMorgan Chase                                                           |
|& Co according to                                                           |
|the notification:                                                           |
+----------------+----------+------------------+------+----------------------+
|                |% of      |% of shares and   |Total |Total number of shares|
|                |shares and|voting rights     |of    |and voting rights of  |
|                |voting    |through financial |both  |issuer                |
|                |rights    |instruments (total|in %  |                      |
|                |(total    |of B)             |(A +  |                      |
|                |of A)     |                  |B)    |                      |
+----------------+----------+------------------+------+----------------------+
|Resulting       |0.47 %    |4.69 %            |5.16 %|456,874,448           |
|situation on the|          |                  |      |                      |
|date on         |          |                  |      |                      |
|which threshold |          |                  |      |                      |
|was crossed or  |          |                  |      |                      |
|reached         |          |                  |      |                      |
+----------------+----------+------------------+------+----------------------+
|Position of     |0.01 %    |5.05 %            |5.06 %|                      |
|previous        |          |                  |      |                      |
|notification    |          |                  |      |                      |
|(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/Con  Physical    Number of  % of shares
financial     date        ­version      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  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  17/11/2025  17/11/2025    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  22/09/2028  22/09/2028    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  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  18/06/2025  18/06/2025    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  30/05/2028  30/05/2028    Cash        Below      Below minimum
Equity Swap                                         minimum    threshold
                                                    threshold
Convertible   09/07/2025  09/07/2025    Physical    Below      Below minimum
Bond                                                minimum    threshold
                                                    threshold
                                        B TOTAL     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: LindaHäkkilä,Head of Investor Relations, tel. +358 40 071 9669

Media:Outokumpu media desk, tel. +358 9 421 3840

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