The General Meeting of Shareholders normally convenes once a year. Under the Finnish Companies Act,
certain important decisions fall within the exclusive domain of the General Meeting of Shareholders.
These decisions include the approval of financial statements, decisions on dividends and increasing or
decreasing share capital, amendments to the Articles of Association and election of the Board of Directors
and auditors.

The Board of Directors convenes a General Meeting of Shareholders. The Board can decide to convene
a General Meeting on its own initiative, but is obliged to convene a General Meeting if the auditor or shareholders
holding at least 10% of the Company’s shares so request. Furthermore, each shareholder has the right to
bring a matter that falls within the domain of the General Meeting before a General Meeting of Shareholders
provided that a written request to do this has been received by the Board of Directors early enough to allow the
matter to be placed on the agenda included in the notice announcing that a General Meeting is being convened.
According to its Articles of Association, Outokumpu has only a single class of shares. All shares therefore have
equal voting power at General Meetings of Shareholders.