Outokumpu Oyj - Company Announcement

Outokumpu has reached a settlement with Carrier regarding civil proceedings pursuant to EU industrial tube cartel decision

STOCK EXCHANGE RELEASE
OUTOKUMPU OYJ
May 2, 2013 at 1.00 pm EET


Outokumpu Oyj and Carrier Corporation have signed a settlement agreement that
covers all damage suits against Outokumpu by Carrier in the US and UK pursuant
to the European Commission's industrial tubes cartel decision of 2003. 

The total settlement amount is around 10 million euros. The settlement covers
also all former Outokumpu subsidiaries included in the claims. 

Says Head of Corporate Affairs and Compliance Kimmo Karihtala: “We consider
this settlement to be justified, as it is in our best interest to avoid further
expense, inconvenience and burden of continuing litigation, and to get a final
resolution in all Carrier's claims.” 

According to the settlement agreement, all damage suits by Carrier, originally
raised in 2006 in Tennessee, in the United States against Outokumpu and Luvata
Franklin, Inc. (former Outokumpu Franklin Inc.) and in 2009 in the courts of
England and Wales against Outokumpu are now released. 

The settlement amount will be booked as a non-recurring item in the second
quarter 2013 EBIT. 

For further information:

Investors:

Tamara Weinert
tel. +358 9 421 2438, mob. +358 40 751 7194

Media:

Saara Tahvanainen
tel. +358 9 421 3265, mob. +358 40 589 0223

Outokumpu Oyj



Outokumpu is the global leader in stainless steel and high performance alloys.
Our advanced materials are the ideal choice for demanding applications ranging
from cutlery to bridges, energy plants to medical equipment. Stainless steel
contributes to a sustainable and long lasting world as it is a 100% recyclable,
corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu
employs approximately over 16 000 professionals in over 40 countries, with the
Group's head office in Espoo, Finland and shares listed on the NASDAQ OMX
Helsinki. www.outokumpu.com

Liitteet:

Carrier 020513 ENG.pdf