Outokumpu Oyj - Company Announcement

Outokumpu - European Commission approves the sale of Terni and VDM to ThyssenKrupp

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
February 12, 2014 at 1.20 pm EET


The European Commission has today approved the divestiture of Terni remedy
assets, related service centers and VDM business unit to ThyssenKrupp, which
was announced on November 30, 2013. 

Says CEO Mika Seitovirta: “This is an important milestone. The divestiture of
Terni and VDM business will significantly strengthen Outokumpu's balance sheet
and liquidity, and allow us to focus fully on our stainless steel business and
the measures we are taking to turn Outokumpu back to profitability.” 

Outokumpu expects to close the transaction in the next few weeks, subject to
fulfillment of all closing conditions. 

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:

Approval 12022014 ENG.pdf