Outokumpu Oyj - Company Announcement

Outokumpu sells Luvata vendor note to Proventus Capital Partners

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
December 19, 2013 at 4.20 pm EET


As part of Outokumpu's measures to strengthen its financial position and
liquidity, Outokumpu has signed an agreement with funds managed by Proventus
Capital Management AB to sell its loan receivable from Luvata Fabrication Ltd
for a cash consideration of 157 million US dollars. The loan receivable is
related to the divestiture of fabricated copper products business to Nordic
Capital in 2005, in which the long-term subordinated vendor note of some 123
million US dollars was part of the overall consideration. The transaction is
expected to be closed by the end of 2013. 

The divestment has a direct cash flow effect of approximately 115 million
euros. As the book value of the loan receivable from Luvata Fabrication Oy is
currently approximately 164 million euros, Outokumpu books approximately 49
million euros as non-recurring financial expense in the fourth-quarter results
in 2013. 

For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

Media: Saara Tahvanainen, tel. +358 40 589 0223

Outokumpu Group



Outokumpu is the global leader in stainless steel and high performance alloys.
We create advanced materials that are efficient, long lasting and recyclable -
thus building a world that lasts forever. Stainless steel, invented a century
ago, is an ideal material to create lasting solutions in demanding applications
from cutlery to bridges, energy and medical equipment: it is 100% recyclable,
corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs
more than 15 000 professionals in more than 40 countries, with headquarters in
Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com

Attachments:

Luvata 19122013 ENG.pdf