EUROPEAN COMMISSION TO FINE OUTOKUMPU FO
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE December 16, 2003 at 5.30 pm
EUROPEAN COMMISSION TO FINE OUTOKUMPU FOR PARTICIPATION IN AN EUROPEAN ACR TUBE CARTEL Outokumpu Oyj has today received a notification from the European Commission concerning participation by Outokumpus copper tube business in a cartel with respect to air- conditioning and refrigeration (ACR) tubes in the European Union. The Commission has concluded that Outokumpu has participated in a cartel and has therefore decided to fine Outokumpu for EUR 18 million. Outokumpu will study the Commissions decision and decide whether to appeal or not. A provision for the fine will be entered as an unusual item in the Q4/2003 results. Outokumpu received a Statement of Objections relating to air- conditioning and refrigeration (ACR) tubes in July this year and another related to sanitary tubes in September this year, both related to an investigation that was initiated by the Commission in March 2001. Outokumpu has cooperated with the European Commission in connection with the investigation. 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