Outokumpu Oyj repurchased 2,744 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, concluded its share buyback program initiated in November 2023, purchasing a total of 2,744 shares across trading venues. The company had authorized a maximum buyback of 11 million shares with a budget of EUR 50 million. As of February 19, 2024, Outokumpu now possesses 32,481,489 treasury shares, providing insights into its strategic financial management amidst market fluctuations.

(PRESS RELEASE) HELSINKI, 20-Feb-2024 — /EuropaWire/ —

On February 19, 2024, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):

Trading venue	Number of shares	Weighted average price / share, EUR*	Total cost, EUR*
CEUX	851	4.124	3,509.52
XHEL	1,893	4.1134	7,786.57
Total:	2,744	4.12	11,296.10

* Rounded to two decimals

Outokumpu announced a share buyback program of a maximum of 11 million shares on November 29, 2023. The Board of Directors approved a share buyback program of up to EUR 50 million under the authorization of the Annual General Meeting. The program will end no later than on March 21, 2024.

After the disclosed transactions, Outokumpu holds 32,481,489 treasury shares.

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

Media Contacts:

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

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

Outokumpu media desk
+358 40 351 9840

SOURCE: Outokumpu Oyj