Outokumpu Oyj — Proxy Solicitation & Information Statement 2011

Feb 2, 2011

Proposal to reappoint the following members to the Outokumpu Board of Directors

Ole Johansson, b. 1951, Finnish citizen,
B.Sc. (Econ.)
Outokumpu Board member 2002–
Chairman of the Board 2008–
Vice Chairman of the Board 2004–2008
Chairman of the Remuneration Committee

President and CEO: Wärtsilä Corporation 2000–
President and CEO: Wärtsilä NSD Oy 1998–2000

Chairman of the Board: Confederation of Finnish Industries EK 2011–
Chairman of the Board 2007–2009 and Board member 2010–: Technology Industries of Finland
Vice Chairman of the Board: Varma Mutual Pension Insurance Company 2005–
Vice Chairman of the Board: Confederation of Finnish Industries 2007–2009
Board Member: The Research Institute of the Finnish Economy ETLA 2011–
Board Member: The Finnish Business and Policy Forum EVA 2011–
Board member: Wärtsilä Corporation 2010–
Independent of the company and its significant shareholders

Evert Henkes, b. 1943, Dutch citizen,
B.Sc. (Ag. Econ.)
Outokumpu Board member 2003–
Member of the Remuneration Committee

CEO: Shell Chemicals Ltd 1998–2003
Board member: Marzac Investment 2009–
Board member: Air Products and Chemicals Inc 2006–
Board member: SembCorp Industries Ltd 2004–
Board member: Tate & Lyle Plc 2003–
Board member: BPB Ltd 2003–2006 and CNOOC Ltd 2003–2008
Member of International Advisory Board: CNOOC Ltd 2008–2009
Independent of the company and its significant shareholders

Anna Nilsson-Ehle, b. 1951, Swedish citizen,
Ph.D., M.Sc. (Eng.)
Outokumpu Board member 2005–
Member of the Audit Committee

Director: SAFER–National vehicle and traffic safety research center 2006–
Consultant: Ohde & Co 2005–2006
Managing Director: Universeum AB 1999–2004
General Manager, Strategy and Business: Volvo Car Components 1997–1998
Vice President: Volvo AB and Volvo Cars 1993–1997

Board member: Swedish National Space Board 2008–
Board member: Svensk Bilprovning AB 2007–
Independent of the company and its significant shareholders

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Jussi Pesonen, b. 1960, Finnish citizen

M.Sc. (Eng.)

Outokumpu Board member 2009–

Member of the Audit Committee

President and CEO 2004– and Senior Executive Vice President and COO, Publication Papers 2001–2004: UPM-Kymmene Oyj

Board member: UPM-Kymmene Oyj 2007–

Board member: Finnish Forest Industries Federation 2003–

Board member: Confederation of European Paper Industries (CEPI) 2004–

Supervisory Board member: Ilmarinen Mutual Pension Insurance Company 2009–

Independent of the company and its significant shareholders

Olli Vaartimo, b. 1950, Finnish citizen,

M. Sc. (Econ.)

Outokumpu Board member 2010–

Chairman of the Audit Committee

CFO: Metso Oyj 2003–

Executive Vice President, Deputy to the President and CEO: Metso Oyj 2003–2010

Member of the Executive Team 1999– and Vice Chairman of the Executive Team 2004–2010: Metso Oyj

President and CEO (acting): Metso Oyj 2003–2004

President and CEO: Metso Minerals Oy 1999–2003

President and CEO: Nordberg Group, Rauma Oyj 1993–1999

Executive Vice President: Rauma Oyj 1991–1998

Board Member: Kuusakoski Oy 2008–

Independent of the company and its significant shareholders

Proposal to appoint two new board members to the Outokumpu Board of Directors

Elisabeth Nilsson, b. 1953, Swedish citizen

M.Sc. (Tech.)

Governor: Östergötalands län 2010 –

President: Jernkontoret (Swedish Steel Producers Association) 2005 – 2010

General Manager, Metallurgy Division: SSAB Oxelösund 2003 – 2005

Managing Director: SSAB Merox 2001 – 2003

Manager, Department for Environment, Health and Safety: SSAB 1996 – 2001

Manager, Continuous Casting Department: SSAB Oxelösund 1991 – 1996

Chairman: Foundation Mefos: 2005 – 2010

Chairman: Svenska Bergsmannaföreningen 2007 – 2009

Board Member: Sveaskog AB 2010 –

Board Member: 4:e AP-fonden 2010 –

Board member: Swerea AB 2006 – 2011

Board Member: Euromaint AB 2004 – 2007

Board Member: Swedish Maritime Administration 1996 – 2006

Member: Royal Swedish Academy of Engineering Science IVA

Independent of the company and its significant shareholders

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Siv M. Schalin, b. 1962, Finnish citizen,
M.Sc. (Econ.), MBA

Managing Director and General Manager, Patient Care Solutions: GE Healthcare Finland Oy 2008–
Vice President, Service, Clinical Systems: GE Healthcare EMEA 2005 – 2008
General Manager, Life Support Solutions: GE Healthcare Sweden 2004 – 2005
Director, Critical Care Market Portfolio Team: Instrumentarium Oyj 2003 – 2004
Area Manager, Nordic Countries: Instrumentarium Oyj 2001 – 2002
Vice President, Business Unit Components, Prosthetics Division: Össur hf. 2000 – 2001
President: Össur USA Inc. 1997 – 2000

Vice Chairman: FIHTA (Finnish Healthcare Technology Association)2008 –
Independent of the company and its significant shareholders