Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation
Stock exchange release
July 18, 2025 at 11.00 am EEST

Outokumpu - Announcement regarding change in holdings

Outokumpu Corporation (business identity code: 0215254-2) has on July 17, 2025,
received a notification based on Chapter 9, Section 5 of the Finnish Securities
Market Act. The Goldman Sachs Group, Inc's total holding in the shares and
voting rights of Outokumpu has fallen below 5% threshold and was below minimum
threshold on July 16, 2025. Their earlier holding in the Outokumpu shares and
voting rights was 5.56%.



+----------------+----------+------------------+---------+-----------+
|Total direct and                                                    |
|indirect holdings                                                   |
|of The Goldman                                                      |
|Sachs Group, Inc                                                    |
|according to the                                                    |
|notification:                                                       |
+----------------+----------+------------------+---------+-----------+
|                |% of      |% of shares and   |Total of |Total      |
|                |shares and|voting rights     |both     |number of  |
|                |voting    |through financial |in % (A +|shares     |
|                |rights    |instruments (total|B)       |and voting |
|                |(total    |of B)             |         |rights of  |
|                |of A)     |                  |         |issuer     |
+----------------+----------+------------------+---------+-----------+
|Resulting       |Below     |Below minimum     |Below    |473,016,832|
|situation on the|minimum   |threshold         |minimum  |           |
|date on         |threshold |                  |threshold|           |
|which threshold |          |                  |         |           |
|was crossed or  |          |                  |         |           |
|reached         |          |                  |         |           |
+----------------+----------+------------------+---------+-----------+
|Position of     |0.66%     |4.90%             |5.56%    |           |
|previous        |          |                  |         |           |
|notification    |          |                  |         |           |
|(if applicable) |          |                  |         |           |
+----------------+----------+------------------+---------+-----------+

Notified
details of the
resulting
situation on
the date on
which the
threshold was
crossed or
reached:
A: Shares and
voting rights
Class/type of  Number of                        % of
shares         shares                           shares
               and                              and
               voting                           voting
               rights                           rights
               Direct             Indirect      Direct      Indirect
               (SMA 9:5)          (SMA 9:6      (SMA 9:5)   (SMA 9:6 and
                                  and 9:7)                  9:7)
FI0009002422                      Below                     Below
                                  minimum                   minimum
                                  threshold                 threshold
SUBTOTAL A     Below                            Below
               minimum                          minimum
               threshold                        threshold

B: Financial
Instruments
according to
SMA 9:6a
Type of      Expiration  Exercise/Con  Physical    Number of  % of shares
financial    date        ­version      or cash     shares     and voting
instrument               Period        settlement  and        rights
                                                   voting
                                                   rights
Securities   open                      Physical    Below      Below minimum
Lending                                            minimum    threshold
                                                   threshold
Swap         27/03/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/03/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Call Option  08/10/2029                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         10/04/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         15/05/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         04/02/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         09/07/2027                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         02/06/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         30/04/2026                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/03/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         28/02/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Call Option  25/03/2027                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         16/06/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         29/05/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/12/2034                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         04/04/2035                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         14/10/2025                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         07/03/2029                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/12/2027                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         21/05/2035                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/12/2027                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         13/12/2027                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         23/04/2035                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         15/05/2028                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
Swap         04/04/2035                Cash        Below      Below minimum
                                                   minimum    threshold
                                                   threshold
                                       B TOTAL     Below      Below minimum
                                                   minimum    threshold
                                                   threshold

Outokumpu has a total of 473,016,832 shares. Each share carries one vote.
Outokumpu currently holds 1,808,411 treasury shares.

For more information:

Investors: Ulla Paajanen, SVP, Investor Relations & Strategic Advisory, tel.
+358 407 638 767

Media:Outokumpu media desk, tel. +358 9 421 3840

Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,700 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com