Outokumpu Oyj - Company Announcement

Outokumpu increases its share in Fennovoima by 1.8 percentage points

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
August 5, 2015 at 8.50 am EET



Outokumpu announced today its decision to increase its share in the Fennovoima
nuclear plant project by 1.8 percentage points. Thus, Outokumpu's share in the
planned nuclear power plant increases to approximately 14 percent. 

“Outokumpu has been involved in Fennovoima since its foundation - the
competitiveness of the Finnish industry requires adequate energy
self-sufficiency and healthy competition in the electricity market. We are
pleased that the project will have a domestic majority ownership,” said
Outokumpu CEO Mika Seitovirta. “Our mills in Tornio are the single largest
electricity user in Finland. Therefore it is in our interest to secure stable
and reliable energy sources with no or low carbon emissions. With Fennovoima,
we will be able to cover approximately one third of our electricity demand in
the Nordic at production cost.” 

In total, Outokumpu's share of the investment is expected to increase from 210
million to 250 million euro, taking into account the total investment of the
project and the capital structure of Fennovoima. Approximately half of the
investment is expected to be realized only at the end of the construction phase
in 2022-2023. 

For more information:

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

Media: Saara Tahvanainen, tel. +358 40 589 0223

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:

Fennovoima ENG 05082015.pdf