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JUHA RANTANEN APPOINTED CHIEF EXECUTIVE

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OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE July 22, 2004 at 9.15 am


JUHA RANTANEN APPOINTED CHIEF EXECUTIVE OFFICER OF OUTOKUMPU

The Board of Directors of Outokumpu Oyj has today appointed Mr.
Juha Rantanen Chief Executive Officer of the Outokumpu Group,
effective January 1, 2005. He is currently CEO of the Ahlstrom
Corporation and also Vice Chairman of Outokumpu’s Board of
Directors as well as Chairman of the Board’s Audit Committee. Mr.
Rantanen, born in 1952, holds a Masters degree from the Helsinki
School of Economics and an MBA from the International Management
Institute of Geneva.

Mr. Rantanen will join Outokumpu on October 1, 2004 to familiarize
himself with the new duties and will take up the position of CEO
on January 1, 2005. Outokumpu’s current CEO Jyrki Juusela will
retire on December 31, 2004, as announced earlier this year.

Changes in Outokumpu’s Board of Directors

Due to his appointment and in accordance with Outokumpu’s
Corporate Governance principles Mr. Rantanen has today tendered
his resignation from Outokumpu’s Board of Directors effective
September 30, 2004. The Board elected its member Ole Johansson as
a new Vice Chairman, as of October 1, 2004. Mr. Johansson will
also move from the Nomination and Compensation Committee to be the
new Chairman of the Board’s Audit Committee.



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


ATTACHMENT:    Personal history of Juha Rantanen
PHOTOS:        Photographs of Mr. Rantanen can be downloaded from
               www.outokumpu.com


Invitation to Press meeting

Juha Rantanen together with Chairman of the Board Heimo Karinen
and CEO Jyrki Juusela will be available for discussion and
interviews today, July 22, 2004, starting 1.00 pm at Hotel Kämp,
Akseli Gallen-Kallela Room, Pohjoisesplanadi 29, 00100 Helsinki,
Finland.


CURRICULUM VITAE



JUHA ILARI RANTANEN

Chief Executive Officer & President of Outokumpu Oyj, as of
January 1, 2005


Born      		1952

Marital status 		Married, four children

Education & degrees 	Helsinki School of Economics, M.Sc. (1977)
          		International Management Institute (IMI), 
			Geneva, M.B.A. (1979)

Career    1998-2004 President & Chief Executive Officer,
		    Ahlstrom Corporation
          1994-1997 Chief Executive Officer, Borealis A/S
          1992-1994 Chief Financial Officer, Neste Oy
          1989-1992 Executive Vice President, Chemicals, Neste Oy
          1986-1989 Executive Vice President, Gas, Neste Oy
          1984-1986 Vice President, Insulations, Partek Oy
          1981-1984 Product Line Manager, Covering Materials,
		    Partek Oy
          1979-1981 Planning Manager, Neste Oy
          1977-1978 Manager, Internal Accounting, Neste Oy

Present directorships    
	  Confederation of Finnish Industry and
	  Employers (TT),later on Confederation of Finnish
	  Industries (EK)
	  2000-2003 Vice Chairman of the Board
	  2003-     Chairman of the Board

          Finnish Forest Industries Federation
	  2000-2003 Chairman of the Board
	  2003-Member of the Board

	  Outokumpu Oyj
	  2003-2004 Vice Chairman of the Board

          Varma Mutual Pension Insurance Company
     	  2001- Member of the Supervisory Board

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