Outokumpu Oyj - Company Announcement

Outokumpu - Restricted share pool programme, plan 2013-2015

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
13 December 2012 at 4.00 pm EET


The Board of Directors has on 13 December 2012 approved the participant
selection guideline and maximum volume in shares of the Restricted Share Pool
programme, plan 2013-2015. The Restricted Share Pool is part of the
remuneration and commitment programme for selected key resources at Outokumpu. 

The Restricted Share Pool consists of annually commencing share plans with
three-year vesting periods, after which the allocated share rewards will be
delivered to the participants, provided that their employment with Outokumpu
continues uninterrupted throughout the duration of the plan until the shares
are delivered. The second plan of the programme commences at the beginning of
2013, and any potential share rewards will be delivered in the spring 2016. 

Restricted share grants are approved annually by the CEO on the basis of the
authorisation granted by the Board of Directors, with the exception of possible
allocations to the Leadership Team members, which will be approved by the Board
of Directors. The maximum number of shares that may be allocated within the
second 2013-2015 plan is 2 000 000 gross shares from which applicable taxes
will be deducted, and the remaining net-value will be delivered to the
participants in Outokumpu shares. 

Other terms

The aggregate reward of an individual participant under the Restricted Share
Pool programme, together with other short term and long-term incentives of the
participant, may not exceed 200% of the participant's annual base salary. 

No new shares will be issued in connection with the Restricted Share Pool
programme and therefore the programme will have no diluting effect. 

According to the share ownership plan applied, the members of the Leadership
Team are obliged to own Outokumpu shares received under share-based incentive
programmes corresponding to the value of their annual gross base salary. 50% of
net shares received from these incentive programmes must be used to fulfil the
above ownership requirement. 

For more information, please contact:

Investors:

Kari Tuutti
tel. +358 9 421 2432, mob. +358 40 717 0830


Media:

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

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 7 000 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

Attachments:

RSP 131212 ENG.pdf