Annual Report 2010 - Outokumpu

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Management shareholding
On 31 January 2011, members of the Outokumpu Board of Directors and the Group Executive Committee held a total of
98 916 Outokumpu shares, corresponding to 0.05% of the Company's shares and voting rights.
If all the remaining 2003C options are exercised and if the 2009–2011, 2010–2012 and 2011–2013 earning periods in the
2009–2013 share-based incentive programme yield the maximum number of shares, shareholdings and aggregate
voting rights held by the members of the Group Executive Committee will increase by 0.02 percentage points on the
basis of stock options, and by 0.15 percentage points on the basis of the share-based incentive programme.
If participants in the 2009–2011, 2010–2012 and 2011–2013 earnings periods receive rewards totalling the maximum
number of shares (a total of 281 500 shares), shareholdings obtained via the programme will amount to 0.15% of the
Company's shares and voting rights.
Details of management shareholdings can be found in Board of Directors and Group Executive Committee.
Outokumpu Annual Report 2010 – Corporate Governance – Management shareholding