Outokumpu is committed in the Fennovoima nuclear power project

April 01, 2011 PRESS RELEASE 1 April 2011 at 10.15 am EET Contrary to some Finnish media reports today, Outokumpu confirms that it is fully committed in the Fennovoima nuclear power project. Outokumpu has a close to 10% stake in the Fennovoima project, which got a parliamentary decision-in- principle last summer to construct a new nuclear power plant in Finland. The project is important in securing the Group's long-term cost-competitiveness. For more information: Mikko Rintamäki, tel. +358 40 558 2289 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 ENG Fennovoima 1.4.2011: http://hugin.info/3010/R/1502570/437601.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Outokumpu Oyj via Thomson Reuters ONE [HUG#1502570]