Outokumpu Oyj - Major shareholder announcements

Change in the State of Finland's holding in Outokumpu Oyj

STOCK EXCHANGE ANNOUNCEMENT
December 12, 2008 at 10.30 a.m.

Outokumpu Oyj has been informed on the change in the holding of the
State of Finland. On December 11, 2008, the State of Finland has
transferred its holding in Outokumpu Oyj to its wholly-owned company
Solidium Oy (Business ID 0866693-1). In accordance with the exemption
granted in October from the Finnish Financial Supervision Authority,
Solidium does not have an obligation to launch a tender offer.

With reference to Section 2, paragraph 9 of the Finnish Market
Securities Act and the relevant decision of the Finnish Ministry of
Finance, Outokumpu Oyj reports that Solidium Oy holds 56 440 597
shares in Outokumpu Oyj corresponding to 31.10% of the Company's
share capital and voting rights.

The share capital of Outokumpu Oyj consists of 181 451 883 shares.
Each share has one vote.

OUTOKUMPU OYJ
Corporate Management


Ingela Ulfves
Vice President - Investor Relations and Financial Communications
tel. + 358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125
ingela.ulfves@outokumpu.com
www.outokumpu.com

Attachments:

ENG Flagging 12.12.08.pdf