Home News 2010 Outotec's holding in Ausmelt above 90%
February 5, 2010 02:30:00 PM CET

Outotec's holding in Ausmelt above 90%

OUTOTEC OYJ  STOCK EXCHANGE RELEASE, FEBRUARY 5, 2010 AT 2.30 PM

Outotec's holding in Ausmelt above 90%

Outotec has increased its shareholding in Australian public company Ausmelt Ltd
through takeover offer acceptances and market purchases. According to the
preliminary information received by Outotec, Outotec's holding in Ausmelt is
92.1 percent, which, in accordance with the Australian corporations law,
entitles Outotec to proceed with the compulsory acquisition of all of the
outstanding Ausmelt shares. The compulsory acquisition is expected to take
approximately 4-6 weeks. In the transaction, Ausmelt is valued at approximately
AUD 50 million (approximately EUR 31 million).

Outotec announced in December 2009 that it had acquired 19.9 percent of the
outstanding shares in Ausmelt and launched an off-market takeover bid to acquire
all the remaining shares. Outotec's takeover offer closes at 7.00 pm Australian
Eastern Standard Time (AEST) on February 8, 2010.

"Ausmelt has an excellent strategic fit with Outotec. This acquisition
complements our technology portfolio in environmentally sound smelting
technologies, and allows us to offer smaller scale copper and nickel smelters as
well as solutions for ferrous metals, zinc, lead and tin concentrates, zinc
bearing residues, recycling and various secondary and waste materials. We
believe that within Outotec there are significant growth opportunities for the
Ausmelt business," says Pertti Korhonen, CEO of Outotec.

For further information, please contact:

OUTOTEC OYJ

Harry Linnarinne, Senior Vice President - Business Development
tel. +358 20 529 2020

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198

Outotec, Australasia
John Taylor, Managing Director
tel. +61 3 9674 2301
e-mailsfirstname.lastname@outotec.com 

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