In its corporate governance and management, Outokumpu Oyj complies with Finnish legislation,
the Company's Articles of Association and the Corporate Governance policy resolved and approved
by the Board of Directors. Outokumpu follows the Corporate Governance Recommendations for
Listed Companies published jointly in December 2003 by the Helsinki Stock Exchange, the Central
Chamber of Commerce of Finland and the Confederation of Finnish Industry and Employers.

As one exception to these recommendations, Outokumpu has both the Board Nomination and
Compensation Committee and the Shareholders' Nomination Committee appointed by the Annual
General Meeting of Shareholders. Furthermore, Outokumpu complies with the regulations and
recommendations issued by the Helsinki Stock Exchange.