Outokumpu: Obligation to launch a mandatory redemption offer has been triggered

Outokumpu: Obligation to launch a mandatory redemption offer has been triggered Title to the AvestaPolarit Oyj Abp shares acquired from Corus on August 9, 2002, altogether 80 882 090 shares, has today been transferred to Outokumpu Oyj. These shares and the shares acquired in the market until now have increased Outokumpu's holding in AvestaPolarit to approximately 88%. Outokumpu's holding in AvestaPolarit has, effective today, exceeded two- thirds (2/3) of all the voting rights in AvestaPolarit Oyj Abp, and Outokumpu is to launch a mandatory redemption offer for all remaining shares and securities entitling to shares in AvestaPolarit. Outokumpu plans to launch the mandatory redemption offer on Friday, August 16, 2002 and give then a separate press release with more detailed information. Contact: Eero Mustala, SVP - Corporate Communications tel. +358 9 421 2435, e-mail: eero.mustala@outokumpu.com OUTOKUMPU OYJ Corporate Management [REMOVED GRAPHICS] Johanna Sintonen Manager - Investor and Media Relations tel. +358 9 421 2438, mobile +358 40 530 0778, fax +358 9 421 2429 e-mail: johanna.sintonen@outokumpu.com www.outokumpu.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/14/20020814BIT01140/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/14/20020814BIT01140/wkr0002.pdf