European Commission's fine for Outokumpu relate...

STOCK EXCHANGE Release May 7, 2009 at 08.20 a.m. On December 16, 2003 the European Commission gave its judgement on Outokumpu's participation in a European price-fixing and market-sharing cartel regarding copper air-conditioning tubes during 1988-2001. Outokumpu was imposed a fine of EUR 18 million for the participation. In 2004 Outokumpu appealed to the Court of First Instance for Europe with respect to the grounds for the calculation and the amount of the fine. According to the Court decision on May 6, 2009 the fine remains unchanged. Outokumpu booked a EUR 18 million provision for the fine in 2003, which means that this decision will have no profit impact. Outokumpu has exited from the copper fabrication business by divesting the major part of the business in 2005 and the remaining in April 2008. For more information please contact: Päivi Lindqvist, SVP Communications & Investor Relations, tel. +358 9 421 2432, mobile +358 40 708 5351 OUTOKUMPU OYJ Corporate Management Ingela Ulfves Vice President - Investor Relations and Financial Communications tel. +358 9 421 2438, mobile +358 40 515 1531 ingela.ulfves@outokumpu.com www.outokumpu.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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