Resolutions of Outokumpu Oyj's Annual General M...

Stock Exchange Release
March 27, 2008 at 3 p.m.

The Annual General Meeting of shareholders approved today the
financial statements and discharged the administrative bodies of the
Company from liability for the financial year 2007. The Meeting
decided that a dividend of EUR 1.20 per share be distributed for
2007. The Meeting approved the proposals of the Board of Directors to
repurchase the Company's own shares, to decide to issue shares and to
grant special rights entitling to shares. Furthermore, the Meeting
approved the proposal to form a Shareholders' Nomination Committee.

Outokumpu Oyj's Annual General Meeting of shareholders was held today
on March 27, 2008, in Helsinki, Finland. The Meeting was opened by
the Chairman of the Board of Directors Jukka Härmälä, and chaired by
Tomas Lindholm, attorney-at-law.

Financial statements

The Annual General Meeting approved the parent company's and the
Group's financial statements, and discharged the members of the Board
of Directors, CEO and Deputy CEO from liability for the financial
year 2007.

Dividend

The Annual General Meeting decided that a dividend of EUR 1.20 per
share be paid from the profits of the financial year ended on
December 31, 2007. The dividend record date is April 1, 2008, and the
dividend will be paid on April 8, 2008.

The Board of Directors and auditors

The Annual General Meeting decided on the number of the Board
members, including Chairman and Vice Chairman, to be eight. Evert
Henkes, Ole Johansson, Victoire de Margerie, Anna Nilsson-Ehle, Leo
Oksanen and Leena Saarinen were re-elected as members to the Board of
Directors, and Jarmo Kilpelä and Anssi Soila were elected as new
members, until the close of the following Annual General Meeting.

The Annual General Meeting elected Ole Johansson as Chairman and
Anssi Soila as Vice Chairman of the Board of Directors.

The fees to the board members, confirmed by the Annual General
Meeting, are as follows:

Annual fee, EUR
Chairman: 70 000
Vice Chairman: 43 000
Other Board members: 34 000

Meeting fee, EUR/ meeting
Chairman: 600
Vice Chairman: 600
Other Board members: 600

The meeting fee for members who do not reside in Finland will be EUR
1 200 per meeting.

KPMG Oy Ab, Authorized Public Accountants, was re-elected as the
Company's auditor for the term ending at the close of the next Annual
General Meeting. The fees for the auditor are paid according to
invoice.

Shareholders' Nomination Committee

Based on the proposal by the Company's largest shareholder, the
Finnish State, represented by the Prime Minister's Office, to form a
nomination committee, the General Meeting resolved to form a
nomination committee to prepare proposals on the composition and
remuneration of the Board of Directors to the next Annual General
Meeting. The Chairman of the Board of Directors, as an expert member,
and representatives of the four largest shareholders are elected to
form the nomination committee. The right to nominate shareholder
representatives lies with those four shareholders whose share of the
voting power of all the shares of the Company is the largest on the
third day of November preceding the Annual General Meeting. Should a
shareholder not wish to use the nomination right, the right to
nominate is transferred to the next largest shareholder. The largest
shareholders are determined based on their registered shareholdings
in the Finnish book-entry system. However, holdings by a shareholder,
who under the Finnish Securities Markets Act has the obligation to
disclose changes in shareholdings (flagging obligation), e.g. divided
into a number of funds, may be combined provided that the owner
presents a written request to that effect to the Board of Directors
of the Company no later than on October 31, 2008.

The nomination committee is convened by the Chairman of the Board of
Directors and the committee shall elect a chairman from among its
members. The Shareholders' Nomination Committee shall submit its
proposals to the Board latest on the second day of February preceding
the Annual General Meeting.

Authorization to repurchase the Company's own shares

The Annual General Meeting authorized the Board of Directors to
decide to repurchase the Company's own shares as follows:

- The maximum number of shares to be repurchased is 18 000 000,
currently representing 9.93% of the company's issued and outstanding
shares. The authorization includes the right to directed repurchase
of shares. Based on earlier authorizations the Company currently
holds 1 218 603 of its own shares.

- The price payable for the shares shall be based on the prevailing
price of the Company's shares in public trading at the time of the
repurchase.

- The shares can be repurchased in deviation from the proportional
shareholdings of the current shareholders.

- The Board of Directors is authorized to decide on other matters and
measures related to the repurchasing of own shares.

The authorization is valid until the next Annual General Meeting,
however no longer than May 31, 2009.

Authorization to issue shares and grant special rights entitling to
shares

The Annual General Meeting authorized the Board of Directors to
decide to issue shares and granting special rights entitling to
shares.

- New shares can be issued, treasury shares can be transferred
through share issue and special rights entitling to shares can be
granted, as specified in Chapter 10, Section 1, of the Finnish
Companies Act, excluding option rights to the Company's management
and personnel under an incentive plan.

- The maximum number of new shares to be issued through the share
issue and/or by granting special rights entitling to shares is 18 000
000, currently representing 9.93% of the Company's total number of
registered shares and, in addition, a maximum number of treasury
shares to be transferred is 18 000 000, currently representing 9.93%
of the Company's total number of registered shares.

- The Board of Directors is authorized to decide on all other terms
and conditions on issuing shares and granting special rights
including who will have the right to subscribe for the shares or be
entitled to share entitlements. The authorization includes the right
to resolve upon directed share issue.

The authorization is valid until the next Annual General Meeting,
however no longer than May 31, 2009.

Minutes of the Meeting

The minutes of the Annual General Meeting will be available for
viewing by the shareholders as of April 10, 2008 at Outokumpu's head
office.



OUTOKUMPU OYJ
Corporate Management

Ingela Ulfves
Vice President - Investor Relations and Financial Communications
tel. + 358 9 421 2438, mobile [phone], fax [phone]
e-mail: [e-mail]
www.outokumpu.com