European Commission?s Statement of Objec

OUTOKUMPU OYJ     STOCK EXCHANGE RELEASE     July 7, 2003, 3.30 pm

European Commission’s Statement of Objections regarding copper tube

Outokumpu Oyj has today received a Statement of Objections from the
European Commission concerning alleged participation by Outokumpu’s
copper tube business in a cartel with respect to air-conditioning and
refrigeration (ACR) tubes in the European Union. The company has
cooperated with the European Commission in connection with the
investigation which was initiated by the Commission in March 2001. The
company is now analysing and examining the Statement of Objections and
shall submit its written reply in due course.
Net sales of copper ACR tubes manufactured by Outokumpu in Europe
account for less than one percent of the Outokumpu Group´s total net

Corporate Management

Eero Mustala
Senior Vice President - Corporate Communications
tel.+358 9 421 2435, fax +358 9 421 2429
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