Outokumpu Oyj - Company Announcement

Outokumpu comments the transaction with ThyssenKrupp announced on November 30, 2013

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
December 9, 2013 at 4.40 pm EET



Outokumpu announced on November 30, 2013 comprehensive measures to strengthen
its balance sheet and the divestment of Terni and VDM business to ThyssenKrupp
in exchange for Outokumpu's loan note to ThyssenKrupp (EUR 1.269 million at the
end of September 2013) at full amount at closing. Outokumpu now comments
speculations related to the transaction made with ThyssenKrupp. 

First, Outokumpu believes that with this arrangement the company secured the
best possible price on Terni and VDM under the circumstances. The consideration
for the transaction for both business units is higher than the market estimates
in the past months. Second, the consideration for the divestment of Terni and
VDM was determined separately from the sale of ThyssenKrupp shareholding.
Outokumpu was not involved in the negotiations regarding the terms and
conditions of the sale of ThyssenKrupp's Outokumpu shares. 

ThyssenKrupp committed to sell its 29.9% shareholding in Outokumpu due to the
requirement of the European Commission regarding the buyer suitability for
Terni remedy assets that restricts ownership between Outokumpu and
ThyssenKrupp. ThyssenKrupp agreed the price of the shares with the buyers and
Outokumpu emphasizes that it was not a party to the sale of the shares. It is
Outokumpu's understanding that the price of these shares was influenced by the
size of ThyssenKrupp's current shareholding stake in Outokumpu, tight time
frame caused by the requirement of the European Commission and the special
terms and conditions of the planned rights issue of Outokumpu to which the
buyers of the shares had to commit to. 

Outokumpu believes that the transaction with ThyssenKrupp benefits all
Outokumpu shareholders: the consideration for Terni and VDM business is the
best possible under the circumstances and the arrangement significantly
strengthens the company's balance sheet. 

For more information:

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

Media: Kari Tuutti, tel. +358 40 717 0830


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:

Outokumpu ThyssenKrupp transaction comment 091213 ENG.pdf