Outokumpu Oyj - Court proceedings related to ex...

PRESS RELEASE
22 March 2011 at 9.30 am EET


Court proceedings related to Outokumpu Tornio Works export practices to Russia
during 2004 - 2006 started today at the District Court of Kymenlaakso in
Kouvola, Finland. The prosecutor has pressed charges against Outokumpu and five
of its employees for alleged money laundering. The suspicion related to money
laundering is based on the company having done business with parties that are
suspected to have conducted crimes when importing Outokumpu's products into
Russia. Outokumpu states that neither the Group nor its personnel have committed
the alleged offence.

The prosecutor, on behalf of the state, has also presented a claim for the
forfeiture of the funds subject to money laundering (according to the prosecutor
an unspecified amount between EUR 69 000 and EUR 13 714 000).

As part of the same proceedings, Saimaa Lines Ltd is on a charge related to the
company's role as a forwarding agent of Outokumpu's customers.

In March 2007, Finnish Customs authorities initiated a criminal investigation
into the Group's Tornio Works' export practices to Russia. The court proceedings
are scheduled to end on 19 May 2011 and the judgement is estimated to be handed
down in June.

For more information, please contact:

Matti Louhija, SVP - Corporate General Counsel, tel [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 proceedings 22032011: 


http://hugin.info/3010/R/1498651/434177.pdf




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