Outokumpu Oyj - Other information disclosed according to the rules of the Exchange

Share rewards from Outokumpu's share-based incentive programs

Outokumpu Corporation
Stock exchange release
February 13, 2025 at 11.45 am EET

Share rewards from Outokumpu's share-based incentive programs

Outokumpu's Board of Directors has approved the share rewards from Outokumpu's
share-based incentive programs - Performance Share Plan and Restricted Share
Pool.

For the Performance Share Plan's plan period 2022-2024, the targets were met at
85.4%. Targets were return on capital employed (80% weight) and CO2 emission
reduction per ton of crude steel produced (20% weight). Therefore, 564,781 gross
shares will be delivered to the participants in February 2025.

In the Restricted Share Pool, the participants will receive 164,798 shares of
the plan period 2022-2024 (third and last installment or only installment),
56,198 gross shares of the plan period 2023-2025 (second installment) and
122,083 gross shares of the plan period 2024-2026 (first installment). A total
number of 343,079 gross shares will be delivered to the participants of the
Restricted Share Pool in February 2025.

Outokumpu will use its treasury shares for the reward payments, which means that
the total number of shares of the company will not change. Upon delivery,
applicable taxes will be deducted from gross shares, and the remaining net value
will be paid to the participants in Outokumpu shares.

More information on share-based programs and their terms is available at:
www.outokumpu.com/en/share-based-incentive-programs.

For more information:

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

Media: Päivi Allenius, SVP - Communications and Brand, 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