Outokumpu Oyj - Inside information

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

Outokumpu Oyj
Stock exchange release
January 30, 2017 at 11.00 am 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. Markus Akermann, Roberto Gualdoni, Kati ter Horst, Heikki
Malinen, Saila Miettinen-Lähde, Jorma Ollila and Olli Vaartimo of the current
members of the Board of Directors would be re-elected, and Eeva Sipilä would be
elected as a 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 annual remuneration of the Board of Directors
would maintain at the same level as during the previous term: 

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

The Nomination Board proposes that the meeting fees would also maintain at the
same level as during the previous term: 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 proposes the same payment method as during the previous
term, so that the annual remuneration would be paid under the condition that
the members of the Board of Directors shall use 40% of the annual remuneration
for purchasing Outokumpu’s shares from the market at a price formed in public
trading. The shares should be purchased within two weeks from the release of
the interim results for the period of January 1 - March 31, 2017 of the
Company. If the shares cannot be purchased during the above mentioned 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 comprised Managing Director Kari Järvinen from Solidium
Oy, CFO Pekka Pajamo from Varma Mutual Pension Insurance Company, Investment
Director Tuula Korhonen from Social Insurance Institution of Finland, President
and CEO Timo Ritakallio from Ilmarinen Mutual Pension Insurance Company and
Chairman of the Board of Directors Jorma Ollila as an expert member. 

For more information:

Investors: Tommi Järvenpää, tel. +358 9 421 3466, mobile +358 40 576 0288

Media: Corporate Communications, tel. +358 9 421 3840

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 11,000 professionals
in more than 30 countries, with headquarters in Helsinki, Finland and shares
listed in Nasdaq Helsinki. 
www.outokumpu.com      outokumpu.com/stainless-news     
choosestainless.outokumpu.com

Attachments:

Nomination Board proposal 30012017 ENG.pdf

CV Eeva Sipila ENG.pdf