Outokumpu confirms preliminary discussions with...

STOCK EXCHANGE RELEASE
23 January 2012 at 10.00 am EET

Following recent speculation, Outokumpu confirms preliminary discussions with ThyssenKrupp to evaluate potential strategic options, including a potential business combination of Outokumpu and Inoxum.

These discussions are ongoing and there can be no assurance that any transaction will be proposed or consummated, and if so, what the parameters of such transaction might be.  
A further announcement will be made as and when appropriate.

For more information, please contact:

Kari Tuutti, SVP - Communications and Investor relations,
tel. [phone]
[e-mail]


               
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 Outokumpu announcement SER

---

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

HUG#1579300