Outokumpu Oyj - Company Announcement

Outokumpu – Proposal by the Nomination Board to the Annual General Meeting

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
January 30, 2015 at 12.15 pm EET



Outokumpu Oyj's shareholders' Nomination Board has given its proposal regarding
the election of the members of the Board of Directors and their remuneration to
the Annual General Meeting. 

The Nomination Board proposes that the Board of Directors would consist of
eight members and Markus Akermann, Roberto Gualdoni, Stig Gustavson, Heikki
Malinen, Elisabeth Nilsson, Jorma Ollila and Olli Vaartimo would be re-elected,
and Saila Miettinen-Lähde would be elected as new member for the term of office
ending at the end of the next Annual General Meeting. Jorma Ollila would be
re-elected as the Chairman and Olli Vaartimo as the Vice Chairman of the Board
of Directors. 

According to the proposal the remuneration of the Board would be kept at the
same level as during the previous term: 

Chairman: 140 000 euros per year
Vice Chairman: 80 000 euros per year
Other members of the Board of Directors: 60 000 euros per year

The Nomination Board proposes that the annual fees would be paid under the
condition that the Board members use 40% of the annual fees for purchasing
Outokumpu shares from the market at a price formed in public trading. The
shares would be purchased within two weeks from the publication of the interim
report January 1 - March 31, 2015 of the company. If the shares cannot be
purchased during this period due to insider regulations, the shares shall be
purchased as soon as it is possible in accordance with the applicable insider
regulations. The Nomination Board is of the opinion that increasing the
long-term shareholding of the Board members will benefit all shareholders. 

The Nomination Board proposes that a meeting fee of 600 euros would be payable
separately for each Board and Committee meeting. For the Board members residing
outside of Finland, the meeting fee would be 1 200 euros. 

The Nomination Board comprised of Managing Director Kari Järvinen from Solidium
Oy, CFO Pekka Pajamo from Varma Mutual Pension Insurance Company, CEO Panu
Routila from Ahlström Capital Oy, Investment Director Tuula Korhonen from
Social Insurance Institution of Finland, and Chairman of the Board of Directors
Jorma Ollila as an expert member. 

For more information:

Chairman of the Nomination Board: Kari Järvinen, tel. +358 40 548 3995

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

Media: Johanna Kaunisto, tel. +358 40 574 9210

Outokumpu Group


Outokumpu is a global leader in stainless steel. 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 12 000
professionals in more than 30 countries, with headquarters in Espoo, Finland
and shares listed in Nasdaq Helsinki. www.outokumpu.com

Attachments:

CV_Saila_Miettinen-Lahde_ENG.pdf

Proposal_by_the_Nomination_Board_30012015.pdf