OUTOKUMPU TECHNOLOGY OYJ STOCK EXCHANGE RELEASE SEPTEMBER 29, 2006 AT 3:00 PM

Outokumpu Technology has been granted a large iron ore pelletizing plant order
in Brazil. The company has agreed with Minerações Brasileiras Reunidas (MBR)
upon the delivery of process equipment for a pelletizing plant to be built in
Nova Lima, Minas Gerais, Brazil.  The contract value exceeds EUR 110 million.
This deal is continuation to the engineering contract the companies announced in
March 2006.

Outokumpu Technology's delivery includes two complete equipment packages, one
for a pellet indurating furnace and the other for a green pelletizing system.
Once operational, scheduled in mid-2008, the plant will produce 7 million tonnes
iron ore pellets per year.

Outokumpu Technology will source the majority of the equipment for the project
locally in Brazil.

Brazilian CVRD is the major owner of MBR. The pelletizing plant is part of MBR's
Itabiritos Project, a USD 760 million investment, which, in addition to the
pelletizing plant, includes a new 10 million tonnes per year iron ore
concentrator and a 5 km pipeline.

"The majority of the world's iron ore pelletizing plants are built by Outokumpu
Technology. The new MBR plant will already be the 12th pelletizing plant in
Brazil using our traveling grate process. This deal demonstrates our reliability
and technological leadership in new investments in the mining and metals
industries", says Tapani Järvinen, President & CEO of Outokumpu Technology.

For further information please contact:

Tapani Järvinen, President and CEO, Outokumpu Technology Oyj
tel. +358 20 5292000

Rainer Lüdecke, Vice President - Commercial Services, Outokumpu Technology GmbH
tel. +49 6171 9693 354

Eila Paatela, Communications Manager, Outokumpu Technology Oyj
tel. +358 20 5292004, mobile +358 400 817198
eila.paatela@outokumputechnology.com, www.outokumputechnology.com