Outokumpu Oyj — Capital/Financing Update 2012

Apr 4, 2012

OUTOKUMPU OYJ

STOCK EXCHANGE RELEASE

4 April 2012 at 3.45 pm EET

OUTOKUMPU

OUTOKUMPU SIGNED A EUR 400 MILLION REVOLVING CREDIT FACILITY

Outokumpu has today signed a EUR 400 million committed multicurrency revolving credit facility to cover working capital needs. The credit facility will become available following the completion of the Inoxum transaction. The maturity of this credit facility is in June 2013 and includes a financial covenant based on gearing.

The banks in this loan syndicate are Nordea, J.P. Morgan Limited, SEB, Danske Bank A/S, Pohjola Bank plc, Handelsbanken, BNP Paribas and Crédit Agricole Corporate and Investment Bank.

For further information please contact:

Ingela Ulfves, VP – Investor Relations
tel. +358 9 421 2438, mobile +358 40 5151 531

Renny Bång, VP – Finance
tel. +358 9 421 3862, mobile: +358 40 592 6264

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

Outokumpu Oyj

Corporate Management

Riihitontuntie 7 B, P.O. Box 140, FIN-02201 Espoo, Finland
Tel. +358 9 4211, Fax +358 9 421 3888, www.outokumpu.com
Domicile Espoo, Finland, Business ID 0215254-2, VAT FI02152542