Outokumpu Oyj: All charges related to export pr...

PRESS RELEASE
22 June 2011 at 1.05 pm EET


The District Court of Kymenlaakso in Kouvola, Finland has dismissed all charges
pressed against Outokumpu and five of its employees for alleged money laundering
in connection with export practices to Russia during 2004-2006. The Finnish
State was ordered to pay a total of EUR 1.2 million in compensation.

Corporate General Counsel Matti Louhija: "We are very pleased that this case has
finally been solved and that the Court came to the same conclusion that we have
stated for years. It has been difficult for us to understand why this process
started in the first place and why it had to continue for so long. The case has
been particularly hard for the people under suspicion and their families."

In March 2007, Finnish Customs authorities initiated a criminal investigation
into the Group's Tornio Works' export practices to Russia. The process of
considering possible charges was completed in November 2010 and the public
prosecutor concluded that the Customs authorities' suspicions regarding possible
accounting offences and forgery were groundless. The case was nevertheless taken
to court in March 2011 as charges were pressed against Outokumpu and five of its
employees for alleged money laundering. On behalf of the state, the prosecutor
also presented a claim for forfeiture of the funds subject to money laundering.
This claim however, was dropped by the prosecutor during the court proceedings.
The Court dismissed the rest of the claims in their judgement, handed down on
22 June 2011.

For more information please contact:

Matti Louhija, SVP - Corporate General Counsel, tel [phone], mobile
[phone]


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




ENG Court decision  22062011: 


http://hugin.info/3010/R/1525230/460887.pdf




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