Outokumpu Oyj (HEL:OUT1V) Outokumpu Opens A Sales Company In Dubai, United Arab Emirates

Outokumpu Oyj (HEL:OUT1V) PRESS RELEASE November 19, 2008 at 9.00 am

Outokumpu is expanding its operations in the Middle East by opening a sales company in Dubai, United Arab Emirates. The decision supports the Group's strategy to strengthen its presence outside western European markets and to improve the ability to serve end-user and project customers globally in an optimal way.

The Middle East is one of the fastest growing markets in the world with high potential in investments in industries that require a multitude of stainless steel products. The sales company will be the contact point for the entire range of Outokumpu products and services, while it is especially focused on serving the oil & gas, desalination, petrochemical, energy, and building & construction industries.

Mr Patrik Lundström, Regional General Manager in Outokumpu's Middle East sales company in Dubai comments:

"The new sales company provides us a good platform for future growth in the area. We are now well positioned to serve the Middle East region and present the full potential of stainless steel for customers' benefit. We believe that Outokumpu's special grades and high quality is appreciated in the demanding applications in different industries."

Outokumpu products are already widely used in different projects in the Middle East, especially in desalination as well as in oil and gas and petrochemical industries. The company has also built a major presence in the stainless tubular products markets in the Middle East, by establishing a joint venture company with Armetal in Saudi Arabia. The company, named Outokumpu Armetal Stainless Pipe Co., Ltd. and based in Riyadh, produces and markets welded pipes and tubes as well as sheet products.

For more information please contact: Mr Patrik Lundström, Regional General Manager, Outokumpu Middle East, Dubai, UAE Phone (mobile): +971 50 452 3020 Email: patrik.lundstrom@outokumpu.com

Outokumpu is a global leader in stainless steel. Our vision is to be the undisputed number one in stainless, with success based on operational excellence. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future.

Outokumpu operates in some 30 countries and employs more than 8 000 people. The Group's head office is located in Espoo, Finland. Outokumpu has been listed on the Helsinki stock exchange since 1988. [www.outokumpu.com.]

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/3010/R/1271223/281832.pdf

Outokumpu Oyj

http://www.outokumpu.com

ISIN: FI0009002422

Stock Identifier: XHEL.OUT1V