Outokumpu has sold its remaining 12% shareholding in Outotec Oyj to institutional investors. The proceeds totaled some EUR 160 million. Outokumpu will book a non-recurring tax-free gain of EUR 142 million in the second quarter accounts, and the gain will be recorded in financial income in the income statement. Due to the fact that the shares have, as available-for-sale financial assets, been valued at fair value recognized in equity and deducted from net interest-bearing debt, the effect of the transaction on the Group's total equity and gearing will be marginal. The transaction was arranged by Lehman Brothers. Further information: Eero Mustala, SVP - Corporate Communications, tel. +358 9 421 2435, eero.mustala@outokumpu.com OUTOKUMPU OYJ Corporate Management Eero Mustala