Outokumpu Oyj - Major shareholder announcements

Outokumpu - Announcement regarding an agreement which, if completed, will result in change in holdings

MAJOR SHAREHOLDERS ANNOUNCEMENTS
28 March 2012 at 9.00 am EET


Outokumpu Oyj (business identity code: 0215254-2) has on 27 March 2012 received
a notification based on Chapter 2, Section 9 of the Finnish Securities Market
Act from Ilmarinen Mutual Pension Insurance Company (business identity code:
0107638-1). 

Such notification by Ilmarinen contains the following information:

The sale and purchase agreement regarding subscription rights announced in
Ilmarinen's flagging notice dated 12 March 2012 was completed on 27 March 2012.
The shares and voting rights of Outokumpu to be received on the basis of the
subscription rights related to this transaction and Ilmarinen's own holding
will exceed the 1/20 flagging threshold when the subscription rights are
exercised. After the exercise of the subscription rights, Ilmarinen will own 87
353 368 shares in Outokumpu, representing 6.00 percent of total Outokumpu
shares and voting rights. Ilmarinen's new holding has been calculated assuming
that all subscription rights allocated in Outokumpu's rights offering will be
exercised in full. 

The share capital of Outokumpu currently consists of 183 018 749 shares. Each
share carries one vote. 


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 Ilmarinen flagging announcement 28.3.12.pdf