Reference is made to Outokumpu Oyj (the “Issuer”) Senior Secured Fixed Rate Notes due September 30, 2019 (OUTJ000019, ISIN FI4000109624) (the “Notes”)

We hereby wish to inform you that the Issuer has given notice to the Noteholders, of premature redemption of the Notes in accordance with this press release from the Issuer.

The Notes will be redeemed in full on December 12, 2017 (the “Redemption Date”) in accordance with the terms and conditions of the Notes. The Notes are listed on the official list of Nasdaq Helsinki Ltd.

The total nominal amount of the Notes is EUR 250 million. On the Redemption Date, the Issuer will pay the holders of the Notes a redemption price equal to 103.313% for the principal amount of each Note together with 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 redemption will be paid automatically to the noteholders in accordance with the terms and conditions of the Notes.  

For further information;

The Noteholders’ Agent:

Intertrust (Finland) Oy

Alli Soralahti

Tel: +358 9 8560 6303

Email: trustee@intertrustgroup.com