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Reference is made to Outokumpu Oyj (the “Issuer”) Senior Secured Fixed Rate Notes due June 16, 2021 (ISIN FI4000210646, OUTJO72521) (the “Notes”)

8 November 2017

We hereby wish to inform you that the Issuer has given notice to the Noteholders, of voluntary redemption of 10 percent of its outstanding Notes in accordance with this press release from the Issuer on the redemption date of December 18, 2017 in accordance with the terms and conditions of the Notes.

The Notes are due on June 16, 2021 and their fixed interest rate is 7.25%. The Notes are listed on the official list of Nasdaq Helsinki Ltd.

The total nominal amount of the notes is EUR 225 million. On the redemption date, the Issuer will pay the holders of the notes a redemption price equal to 103% for the 10% of the principal amount of each note and all accrued and unpaid interest on such principal amount in accordance with the terms and conditions of the notes.

Formal notice of redemption is being delivered to the noteholders in accordance with the terms and conditions of the Notes. The partial redemption will be paid automatically to the noteholders.

For further information;

The Noteholders’ Agent:

Intertrust (Finland) Oy

Alli Soralahti

Tel: +358 9 8560 6303

Email: [email protected]

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