Nomination Board at Outokumpu

STOCK EXCHANGE RELEASE December 3, 2010 at 1.00 pm EET Outokumpu's Annual General Meeting of March 30, 2010 decided to establish a Nomination Board to prepare proposals on the composition of the Board of Directors along with director remuneration for the following Annual General Meeting. The Annual General Meeting also decided that the Nomination Board consists of the representatives of Outokumpu's three largest shareholders, registered in the Finnish book-entry securities system on November 1, 2010, which accept the assignment. The Nomination Board of Outokumpu consists of the following three shareholders: Solidium Oy, The Social Insurance Institution of Finland and Ilmarinen Mutual Pension Insurance Company. These shareholders have nominated the following persons as their representatives on the Nomination Board: Kari Järvinen, CEO (Solidium Oy); Liisa Hyssälä, Director General (The Finnish Social Insurance Institution) and Harri Sailas, CEO (Ilmarinen Mutual Pension Insurance Company). The Chairman of the Outokumpu Board of Directors Ole Johansson serves as an expert member. The Nomination Board has today at its first meeting elected Kari Järvinen as Chairman among its members. The Nomination Board is required to submit its proposals to Outokumpu's Board of Directors on February 1, 2011 at the latest. 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 7 500 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 [HUG#1468620] ENG Nomination Board 03122010: http://hugin.info/3010/R/1468620/406121.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Outokumpu Oyj via Thomson Reuters ONE
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