Outokumpu Oyj - Changes board/management/auditors

Outokumpu Oyj - Change in the Executive Committee - Deputy CEO Kaitue to leave the company

STOCK EXCHANGE RELEASE
20 October 2011 at 8.45 am EET


Outokumpu and Karri Kaitue, Deputy CEO, have jointly agreed that he will leave
his current position and the Group Executive Committee on 1 November 2011. Mr
Kaitue will work actively and contribute to agreed projects until 31 December
2011 to ensure the smooth transition of his duties. His employment by the
company ends on 30 June 2012.

CEO Mika Seitovirta: "Outokumpu would like to thank and acknowledge Karri Kaitue
for his long-term contribution to the development of the company in its
different phases over the years, particularly in developing and driving
Outokumpu's strategic agenda."



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 8 000 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

[HUG#1556253]

Attachments:

ENG Karri Kaitue 20.10.2011.pdf