European Commission?s Statement of Objec
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE July 7, 2003, 3.30 pm
European Commissions Statement of Objections regarding copper tube manufacturers Outokumpu Oyj has today received a Statement of Objections from the European Commission concerning alleged participation by Outokumpus 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 sales. 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