Outokumpu Oyj - Major shareholder announcements

Outokumpu sold its remaining stake in Okmetic Oyj

STOCK EXCHANGE RELEASE
November 30, 2010 at 9.50 am EET

Outokumpu has today sold its remaining 2 705 000 shares in the silicon wafers
manufacturer Okmetic Oyj to institutional investors. The shares sold represent
15.65% of Okmetic's share capital. After the sale Outokumpu owns no shares in
Okmetic.

Total proceeds of the sale amount to EUR 12.4 million and Outokumpu will book a
EUR 8.5 million non-recurring gain on this sale as financial income in its
fourth-quarter 2010 accounts. This holding is classified as available-for-sale
financial asset on Outokumpu's balance sheet.

The transaction was arranged by Pohjola Corporate Finance.

For further information:

Hanna Masala, VP - M&A and Business Development
tel. +358 9 421 5561, mobile +358 40 558 1323

Ingela Ulfves, VP - Investor Relations and Financial Communications
tel. +358 9 421 2438, mobile +358 40 515 1531

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 7 500 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#1466836]

Attachments:

ENG Okmetic 30112010.pdf