Published: 2025-12-19 09:00:18 EET
Outokumpu Oyj - Other information disclosed according to the rules of the Exchange

Outokumpu's next plan period for share-based programs

Outokumpu Corporation
Stock exchange release
December 19, 2025 at 9.00 am EET

Outokumpu's next plan period for share-based programs

The Board of Directors has approved the commencement of Outokumpu's share-based
programs, Performance Share Plan and Restricted Share Pool, for the period
2026-2028. The plans commence at the beginning of 2026.

The earning criteria of the Performance Share Plan (PSP) for this period are
Outokumpu's return on capital employed (80% weight) and CO\2\ emissions per ton
of crude steel produced (20% weight). Both criteria must be met for the plan to
pay out. The maximum number of participants in the plan period 2026-2028 is 200
key employees. The maximum number of gross shares (taxes included) that can be
allocated is 3,700,000.

The Restricted Share Pool (RSP) is used for a limited number of employees, i.e.,
key recruitments, exceptional performance, high potential, retention need, and
other individual specific situations. The maximum number of gross shares (taxes
included) that can be allocated is 500,000 shares for the plan period 2026-2028.

The share rewards will be distributed in the spring of 2027 (RSP's first
tranche), 2028 (RSP's second tranche) and 2029 (RSP's third tranche and PSP), if
the employment conditions and performance criterion are met. Applicable taxes
will be deducted from gross shares, and the remaining net value will be
delivered to the participants in Outokumpu shares.

More information on share-based programs and their terms is available at
www.outokumpu.com/en/investors/governance/remuneration/share-based-incentive
-programs.

For more information:

Investors: Johan Lindh, Head of Investor Relations, tel. +358 40 837 3994

Media: Päivi Allenius, SVP - Communications and Public Affairs, tel. +358 40 753
7374 or Outokumpu media desk, tel. +358 40 351 9840

Outokumpu Corporation

Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,700 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com