Outokumpu Oyj

Major Shareholding Notification • Jul 18, 2025

Outokumpu - Announcement regarding change in holdings

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation
Stock exchange release
July 18, 2025 at 11.00 am EEST

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation (business identity code: 0215254-2) has on July 17, 2025,
received a notification based on Chapter 9, Section 5 of the Finnish Securities
Market Act. The Goldman Sachs Group, Inc's total holding in the shares and
voting rights of Outokumpu has fallen below 5% threshold and was below minimum
threshold on July 16, 2025. Their earlier holding in the Outokumpu shares and
voting rights was 5.56%.

+----------------+----------+------------------+---------+-----------+
|Total direct and |
|indirect holdings |
|of The Goldman |
|Sachs Group, Inc |
|according to the |
|notification: |
+----------------+----------+------------------+---------+-----------+
| |% of |% of shares and |Total of |Total |
| |shares and|voting rights |both |number of |
| |voting |through financial |in % (A +|shares |
| |rights |instruments (total|B) |and voting |
| |(total |of B) | |rights of |
| |of A) | | |issuer |
+----------------+----------+------------------+---------+-----------+
|Resulting |Below |Below minimum |Below |473,016,832|
|situation on the|minimum |threshold |minimum | |
|date on |threshold | |threshold| |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+----------------+----------+------------------+---------+-----------+
|Position of |0.66% |4.90% |5.56% | |
|previous | | | | |
|notification | | | | |
|(if applicable) | | | | |
+----------------+----------+------------------+---------+-----------+

Notified
details of the
resulting
situation on
the date on
which the
threshold was
crossed or
reached:
A: Shares and
voting rights
Class/type of Number of % of
shares shares shares
and and
voting voting
rights rights
  Direct Indirect Direct Indirect
(SMA 9:5) (SMA 9:6 (SMA 9:5) (SMA 9:6 and
and 9:7) 9:7)
FI0009002422 Below Below
minimum minimum
threshold threshold
SUBTOTAL A Below Below
minimum minimum
threshold threshold

B: Financial
Instruments
according to
SMA 9:6a
Type of Expiration Exercise/Con Physical Number of % of shares
financial date ­version or cash shares and voting
instrument Period settlement and rights
voting
rights
Securities open Physical Below Below minimum
Lending minimum threshold
threshold
Swap 27/03/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 13/03/2028 Cash Below Below minimum
minimum threshold
threshold
Call Option 08/10/2029 Cash Below Below minimum
minimum threshold
threshold
Swap 10/04/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 15/05/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 04/02/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 09/07/2027 Cash Below Below minimum
minimum threshold
threshold
Swap 02/06/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 30/04/2026 Cash Below Below minimum
minimum threshold
threshold
Swap 13/03/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 28/02/2028 Cash Below Below minimum
minimum threshold
threshold
Call Option 25/03/2027 Cash Below Below minimum
minimum threshold
threshold
Swap 16/06/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 29/05/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 13/12/2034 Cash Below Below minimum
minimum threshold
threshold
Swap 04/04/2035 Cash Below Below minimum
minimum threshold
threshold
Swap 14/10/2025 Cash Below Below minimum
minimum threshold
threshold
Swap 07/03/2029 Cash Below Below minimum
minimum threshold
threshold
Swap 13/12/2027 Cash Below Below minimum
minimum threshold
threshold
Swap 21/05/2035 Cash Below Below minimum
minimum threshold
threshold
Swap 13/12/2027 Cash Below Below minimum
minimum threshold
threshold
Swap 13/12/2027 Cash Below Below minimum
minimum threshold
threshold
Swap 23/04/2035 Cash Below Below minimum
minimum threshold
threshold
Swap 15/05/2028 Cash Below Below minimum
minimum threshold
threshold
Swap 04/04/2035 Cash Below Below minimum
minimum threshold
threshold
B TOTAL Below Below minimum
minimum threshold
threshold

Outokumpu has a total of 473,016,832 shares. Each share carries one vote.
Outokumpu currently holds 1,808,411 treasury shares.

For more information:

Investors: Ulla Paajanen, SVP, Investor Relations & Strategic Advisory, tel.
+358 407 638 767

Media:Outokumpu media desk, tel. +358 9 421 3840

Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,700 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com