23 Jan 2023: Outokumpu Oyj repurchased 735 own shares as part of its share buyback program

23 Jan 2023: Outokumpu Oyj repurchased 735 own shares as part of its share buyback program

(PRESS RELEASE) HELSINKI, 23-Jan-2023 — /EuropaWire/ — Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced the repurchase of 735 own shares as part of its share buyback program. The transactions (ISIN FI0009002422), carried out on January 20, 2023, are as follows:

Trading venue Number of shares Weighted average price / share, EUR* Total cost, EUR*
CEUX 505 5.2225 2,637.34
XHEL 230 5.216 1,199.68
Total: 735 5.22 3,837.02

* Rounded to two decimals

Outokumpu announced a share buyback program of a maximum of 20 million shares on November 3, 2022. The Board of Directors approved a share buyback program of up to EUR 100 million under the authorization of the Annual General Meeting. The program will end no later than on March 24, 2023.

After the disclosed transactions, Outokumpu holds 15,330,966 treasury shares.

Details of transactions are included as an appendix to this announcement.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374

Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com

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