Proposals by the Shareholders' Nomination Committee on the composition and remuneration of Outokumpu's Board of Directors

STOCK EXCHANGE RELEASE
January 31, 2008 at 1.15 p.m.

The Shareholders' Nomination Committee has today in its meeting
decided to propose to the 2008 Annual General Meeting of shareholders
of Outokumpu Oyj that the number of members of the Board of Directors
be confirmed as being eight, and that in accordance with consents
received Evert Henkes, Ole Johansson, Victoire de Margerie, Anna
Nilsson-Ehle, Leo Oksanen and Leena Saarinen of the current members
be re-elected and that Jarmo Kilpelä and Anssi Soila be elected as
new members, until the close of the following Annual General Meeting.
The Committee further proposes that Ole Johansson be elected as the
Chairman and Anssi Soila as the Vice Chairman of the Board of
Directors.

Jukka Härmälä, who has been Chairman since 2006, and Taisto Turunen,
member since 2006, will both leave Outokumpu's Board of Directors.

Says Vice Chairman Ole Johansson: "During Mr. Härmälä's chairmanship,
major strategic choices have been made in Outokumpu, and their
implementation has been both determined and successful. The direction
to the company's future development is clear. Outokumpu's ambitious
vision to be the undisputed number one in stainless steel, will make
board work demanding and interesting."

The Committee also proposes that the remunerations for the members of
the Board of Directors be as follows:

Chairman, Annual fee EUR 70 000, Meeting fee EUR/meeting 600
Vice Chairman, Annual fee EUR 43 000, Meeting fee EUR/meeting 600
Member, Annual fee EUR 34 000, Meeting fee EUR/meeting 600

The meeting fee for members who do not reside in Finland will be EUR
1 200 per meeting.

Outokumpu's Board of Directors will include the above proposals in
the Annual General Meeting summons that will be published later.

Attached are the CVs of Jarmo Kilpelä and Anssi Soila. CVs of the
other proposed board members can be found at
www.outokumpu.com/board

For further information, please contact:

Jarmo Väisänen, Senior Financial Counselor, Prime Minister's Office,
chairman of the Shareholders' Nomination Committee, tel +358 9 1602
3015

Outokumpu Oyj
Corporate Management

Ingela Ulfves
Vice President - Investor Relations and Financial Communications
tel. +358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125
e-mail: ingela.ulfves@outokumpu.com, www.outokumpu.com



CURRICULUM VITAE

Jarmo Kilpelä

Born: 1957
Citizenship: Finnish
Education: M.Sc. (Econ.)

Professional background:

Prime Minister's Office:
2007 - Senior Financial Counselor, Ownership Steering
Department

Ministry of Finance:
2001 - 2007 Financial Counselor, Ownership Steering Unit
1996 - 2000 Financial Counselor, Financial Markets Department

Government Guarantee Fund:
1993 - 1996 Administrative Manager

Bank of Finland:
1992 - 1993 Bank Analyst, Special Unit for Government Guarantee Fund,
Financial Markets Department

Skopbank of Finland Plc:
1985 - 1992 Several managerial positions

Current Board Memberships:

2007 - Vice Chairman of the Board, HAUS Finnish Institute of Public
Management Ltd
2004 - Chairman of the Board, Hansel Ltd (State's central procurement
unit)

CURRICULUM VITAE

Anssi Soila

Born:    1949
Citizenship: Finnish
Education: M.Sc. (Eng.), B.Sc. (Econ.)

Professional background:

1973 - 1999 KONE Corporation:
Mr. Soila was in the employ of the KONE Corporation for more than 25
years starting in 1973 as a young engineer, and holding since various
managerial and executive positions in several countries from Europe
to the Americas. He concluded his executive career in 1999 after
having served as President of the KONE Corporation for five years.

Current Board Memberships:

2007 - Board Member, Attendo AB
2006 - Board Member, Outotec Oyj
2004 - Board Member, Aspocomp Oyj
1999 - Board Member, Å&R Carton AB
1999 - Vice Chairman of Board, Normet Group Oy
1999 - Board Member, Lindström Oy