Outokumpu Oyj - Company Announcement

Outokumpu has been served with a damages contribution claim related to old sanitary copper tube cartel

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
16 October 2012 at 4.00 pm EET


Outokumpu has been served with a damages contribution claim in the English
court by Boliden AB, after  Boliden AB and IMI (IMI Plc and IMI Kynoch Ltd)
were served claims on financial loss by the members of Travis Perkins Group.
These claims are related to  a 2004 ruling by the European Commission which
concluded that a number of companies - among others Boliden, IMI, KME Group,
Wieland Werke, Outokumpu and Outokumpu Copper Products (now Luvata) - were
involved in price fixing and market sharing in the sanitary copper tube sector
in Europe between June 1988 and March 2001. 

Says Corporate General Counsel Kimmo Karihtala: “The claims brought against
Boliden  and IMI  and the consequential contribution claims against Outokumpu
are unclear and unsubstantiated. If pursued, Outokumpu will vigorously defend
itself in any proceedings.” 

Outokumpu will defend itself against this contribution claim and further
potential contribution claims that may be served against it by other companies
who where involved in the cartel activities relating to sanitary copper tubing
in the UK. 

Outokumpu exited the copper fabrication business by divesting the majority of
it in 2005 and the remainder in 2008. 

For more information, please contact:

Investors:

Kari Tuutti
tel. +358 9 421 2432, mob. +358 40 717 0830

Media:

Saara Tahvanainen
tel. +358 9 421 3265, mob. +358 40 589 0223

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 UK 9.10.2012.pdf