Outokumpu's shareholders' Nomination Board held it

OUTOKUMPU OYJ STOCK EXCHANGE RELEASE October 16, 2013 at 3.00 pm EET  

Outokumpu’s shareholders’ Nomination Board has held its first meeting today, on October 16, 2013. Outokumpu’s Annual General Meeting has established a Nomination Board to annually prepare proposals on the composition of the Board of Directors and director remuneration for the Annual General Meeting.

According to the Charter of the Nomination Board, the Nomination Board consists of the representatives of Outokumpu’s four largest shareholders, registered in the Finnish book-entry system on October 1, who accept the assignment.

On October 1, 2013 the four largest shareholders of Outokumpu were ThyssenKrupp AG, Solidium Oy, The Social Insurance Institute of Finland and Varma Mutual Pension Insurance Company. They have appointed the following people as their representatives on the Nomination Board:

• Guido Kerkhoff, CFO at ThyssenKrupp AG and also member of the Outokumpu Board of Directors,
• Kari Järvinen, Managing Director at Solidium Oy,
• Tuula Korhonen, Investment Director at The Social Insurance Institute of Finland and
• Pekka Pajamo, CFO at Varma Mutual Pension Insurance Company.

The Nomination Board has elected among its members Kari Järvinen as Chairman. In addition, the Chairman of the Outokumpu Board of Directors Jorma Ollila serves as an expert member in the Nomination Board.

The Nomination Board will submit its proposals to Outokumpu’s Board of Directors on January 31, 2014 at the latest. Its proposals will be published as a part of the notice to the Annual General Meeting.

More information about the Nomination Board at www.outokumpu.com

For more information:

Investors: Johanna Henttonen, tel. +358 9 421 3804, mobile +358 40 530 0778

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

Outokumpu Group Outokumpu is the global leader in stainless steel and high performance alloys. 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 15 000 professionals in more than 40 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki. www.outokumpu.com