CHANGES AND APPOINTMENTS IN OUTOKUMPU'S

OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE December 12, 2003 at 2.30 pm

CHANGES AND APPOINTMENTS IN OUTOKUMPU'S EXECUTIVE COMMITTEE

Outokumpu’s Board of Directors has today decided on certain
changes to the responsibility areas of the Group Executive
Committee members. Deputy CEO Mr. Risto Virrankoski will focus
on base metals investments, whereas the responsibilities relating
to strategy and business development, investor relations as well
as communications will be transferred to Mr. Karri Kaitue. The
Board has also appointed Mr. Vesa-Pekka Takala as Executive Vice
President – Corporate Controller and as a new member to the
Executive Committee.

As of January 1, 2004, the members and their main
responsibility areas in the Group Executive Committee are as
follows:

Jyrki Juusela           CEO and President, Chairman of the
                        Group Executive Committee
Risto Virrankoski       Deputy CEO, Vice Chairman of the
                        Group Executive Committee, 
                        Base Metal Investments
Pekka Erkkilä           Executive Vice President – Outokumpu
			Stainless
Tapani Järvinen         Executive Vice President – Outokumpu
                        Technology
Karri Kaitue            Executive Vice President – Strategy
                        and Business Development, Investor
                        Relations, Communications
Esa Lager               Executive Vice President – Finance
			and Administration
Juho Mäkinen            Executive Vice President – R&D
			and EHS
Kalevi Nikkilä          Executive Vice President – Outokumpu
			Copper
Vesa-Pekka Takala       Executive Vice President – Corporate
			Controller


OUTOKUMPU OYJ
Corporate Management

Johanna Sintonen
Vice President – Investor 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

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