Outokumpu Oyj - Major shareholder announcements

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation
Stock exchange release
April 19, 2024 at 3.00 pm EEST

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation (business identity code: 0215254-2) has on April 18, 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 risen above 5% threshold and was 5.06% on April 17, 2024. Their
earlier holding in the Outokumpu shares and voting rights was below minimum
threshold.

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         0.01%       5.05%               5.06%      456,874,448
situation on the
date on
which threshold
was crossed or
reached
Position of       Below       Below minimum       Below
previous          minimum     threshold           minimum
notification      threshold                       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/Con  Physical    Number of   % of shares
financial     date        ­version      or cash     shares and  and voting
instrument                Period        settlement  voting      rights
                                                    rights

Cash-settled  13/05/2024  13/05/2024    Cash        Below       Below minimum
Equity Swap                                         minimum     threshold
                                                    threshold
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  N/A         N/A           Cash        Below       Below minimum
Equity Swap                                         minimum     threshold
                                                    threshold
Convertible   09/07/2025  09/07/2025    Physical    Below       Below minimum
Bond                                                minimum     threshold
                                                    threshold
Cash-settled  13/05/2024  13/05/2024    Cash        Below       Below minimum
Equity Swap                                         minimum     threshold
                                                    threshold
                                        B TOTAL     23,054,834  5.05%

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

Outokumpu is the global leader in stainless steel. The foundation of our
business is our ability to tailor stainless steel into any form and for almost
any purpose. Stainless steel is sustainable, durable and designed to last
forever. Our customers use it to create civilization's basic structures and its
most famous landmarks as well as products for households and various industries.
Outokumpu employs approximately 8,500 professionals in close to 30 countries,
with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.
www.outokumpu.com