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ARBITRAL AWARD ON THE REDEMPTION OF MINO

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OUTOKUMPU OYJ   STOCK EXCHANGE RELEASE June 9, 2003 at 4.00 pm


ARBITRAL AWARD ON THE REDEMPTION OF MINORITY SHARES IN
AVESTAPOLARIT

The Arbitral Tribunal appointed by the Central Chamber of
Commerce has on June 9, 2003 confirmed in its arbitration award
that the redemption price of the minority shares in
AvestaPolarit is EUR 6.55 per share. The redemption price will
be paid to the minority shareholders of AvestaPolarit as soon
as possible after the arbitration award has gained legal force.


For further information:

Eero Mustala, Senior Vice President - Corporate Communications,
tel. +358 9 421 2435, eero.mustala@outokumpu.com

Kalle Luoto, Vice President - Corporate General Counsel,
tel. +358 9 421 2433, kalle.luoto@outokumpu.com


OUTOKUMPU OYJ
Corporate Management

Eero Mustala
Senior Vice President - Corporate Communications
tel.+358 9 421 2435, fax +358 9 421 2429
e-mail: eero.mustala@outokumpu.com
home page: http://www.outokumpu.com

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