Disclosure procedure regarding Inoxum acquisition

NASDAQ OMX Helsinki has given a warning to Outokumpu Oyj due to a breach of rules related to disclosure requirements in connection with the announcement of the Inoxum acquisition on 31 January 2012. Taking especially into account the size, complexity and significance of the acquisition, Outokumpu made all efforts to provide as timely, comprehensive and accurate information as possible.

However, the complexity of the transaction unfortunately led to discrepancy in communication timeline between the parties of the transaction. In the future, Outokumpu intends to further enhance its communications processes to avoid similar situations.

Outokumpu Oyj, Espoo