Outokumpu Oyj repurchased 465,629 own shares as part of its share buyback program

(PRESS RELEASE) HELSINKI, 8-Nov-2022 — /EuropaWire/ — Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced the repurchase of 465,629 own shares as part of its share buyback program. The transactions (ISIN FI0009002422) are as follows:

Trading venue	Number of shares	Weighted average price / share, EUR*	Total cost, EUR*
CEUX	125,148	4.7814	598,380.99
XHEL	308,334	4.7731	1,471,699.29
AQEU	30,987	4.7687	147,768.16
TQEX	1,160	4.711	5,464.76
Total:	465,629	4.77	2,223,313.20

* 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 4,630,340 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

SOURCE: Outokumpu