Outokumpu Oyj - Company Announcement

Outokumpu Oyj – Transaction to divest part of European stock operations to Amari completed

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
3 September 2012 at 12.00 pm EET

Outokumpu has completed the transaction to divest part of its European stock
operations to Amari, as announced on 4 July 2012. With this transaction,
approximately 100 Outokumpu employees and 10 of its stock operations in nine
countries have been transferred to Amari. 

The cash consideration of the transaction is approximately EUR 18 million, paid
at the completion of the transaction. Outokumpu booked a non-recurring
impairment of EUR 10 million in the second quarter accounts. 

Rationalisation of the distribution network is part of the Group's ongoing
programmes to reduce working capital by EUR 250 million and achieve cost
savings of EUR 100 million. 

For further information:

Investors:

Ingela Ulfves
tel. +358 9 421 2438, mobile +358 40 515 1531

Media:
Kari Tuutti
tel. +358 9 421 2432, mobile +358 40 717 0830

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 8 000 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:

ENG Amari 3.9.2012.pdf