Outotec donates funds to Finnish universities

OUTOTEC OYJ PRESS RELEASE, NOVEMBER 5, 2010 AT 1.00 PM

Outotec donates funds to Finnish universities

Outotec Oyj's Annual General Meeting on March 18, 2010 authorized the Board of Directors to decide on a donation of a maximum of EUR 600,000 to Finnish universities.

On the basis of the decision made by the Annual General Meeting, Outotec has directed its donations as follows:

- EUR 300,000 to Aalto University Foundation

- EUR 150,000 to University of Oulu

- EUR 100,000 to Lappeenranta University of Technology

- EUR 50,000 to Åbo Akademi University

"With our donations we aim to further enhance the level of research and education in universities which are important for Outotec and strengthen our wide cooperation with scientific communities focusing on technology and economy", says Outotec's President and CEO Pertti Korhonen.

For further information please contact:

OUTOTEC

Kari Knuutila, Chief Technology Officer
tel. +358 20 529 2009, +358 40 7799 566

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

e-mails firstname.lastname@outotec.com

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