Outokumpu to align its organization to support the new phase in its strategy development

Stock Exchange Release
November 5, 2007 at 9.00 a.m.

Outokumpu announced in September 2007 that the company enters the
next phase in its strategy development aiming at delivering a more
stable and profitable business model, with increasing the share of
value-added special grades sales and increasing the share of sales to
end-user and project customers, whilst also addressing the most
attractive growth opportunities. To facilitate the new phase in the
strategy development Outokumpu will align its organization into an
integrated model emphasizing the one-company approach towards
customers.

The new organization is designed to serve customers in an optimal
way. Sales will be organized into customer segment groups that are
served by dedicated teams. A customer will have a one point contact
in Outokumpu to the entire offering of the Group. In the integrated
organization Business Units will be in charge of product strategy and
overall profitability. The cross-organizational Group Sales &
Marketing will be responsible for the delivery of commercial targets,
and the Supply Chain Management for the end-to-end delivery
performance (see also attached chart1).

The responsibilities of the Group Executive Committee members will be
adjusted in accordance with the new integrated organization. A new
appointment has been made to the Group Executive Committee. Mr. Jamie
Allan, currently SVP - Thin Strip, will take up the position of
Executive Vice President - Supply Chain Management, as of January 1,
2008 (CV attached). The composition of the Group Executive Committee
and responsibilities of its members will be as follows (see also
attached chart2):

- Juha Rantanen, CEO. Responsibility: Group management,
communications and IR, and corporate social responsibility.
- Karri Kaitue, Deputy CEO. Responsibility: Group strategy, business
development and M&A, new ventures, legal affairs & IPR and portfolio
businesses.
- Jamie Allan, EVP - Supply Chain Management. Responsibility:
Production excellence, SCM operations, procurement, and control and
steel balance.
- Bo Annvik, EVP - Specialty Stainless. Responsibility: Special Coil
and Plate, Thin Strip, OSTP and investment projects.
- Pekka Erkkilä, EVP - General Stainless. Responsibility: Tornio
Works, Long Products, R&D, energy procurement, and safety,
environment & quality.
- Andrea Gatti, EVP - Group sales and marketing. Responsibility:
End-user & project sales, distributors & processors sales, European
stock & processing development, pricing office and sales company
controlling.
- Esa Lager, CFO. Responsibility: Financial and business control,
treasury and risk management, IT, change management and projects, and
real estate.
- Timo Vuorio, EVP - Human Resources. Responsibility: HR strategy and
policy, and key HR processes: performance management (incl.
compensation), resource management and HRD & leadership, and head
office administration.
The new organization and responsibilities of the Group Executive
Committee members will be effective as of January 1, 2008.

Further information, please contact:

Päivi Lindqvist, Senior Vice President - IR and Communications,
Outokumpu Oyj,
tel. +358 9 421 2432, mobile +358 40 708 5351
paivi.lindqvist@outokumpu.com

OUTOKUMPU OYJ
Corporate Management

Eero Mustala
Senior Vice President - Corporate Communications
tel. + 358 9 421 2435, mobile +358 40 504 5146, fax +358 9 421 2429
e-mail: eero mustala@outokumpu.com
www.outokumpu.com


Personal history - Jamie Allan

Jamie Allan has had a 30 year career in the steel industry, most
recently in Outokumpu, as SVP Thin Strip Business Unit, an
International, multi site role, based in Stockholm, and as a Director
and Board member of Outokumpu Ltd in the UK.

His career commenced in Independent and Mill owned carbon steel,
developing management skills in sales and marketing, project
management, production management and general management. For the
last 17 years he has been in the stainless steel industry, and has
been responsible for small, medium and large operations, in tubes,
coil and plate, at operational, strategic and policy development
level.

Jamie was born in 1956 in Glasgow, Scotland. He is married and has
two children.