OUTOKUMPU APPLIES FOR LISTING OF STOCK OPTIONS 2003A ON THE MAIN LIST OF THE HELSINKI STOCK EXCHANGE

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OUTOKUMPU OYJ STOCK EXCHANGE ANNOUNCEMENT JUNE 6, 2006 AT 2.45 PM

OUTOKUMPU APPLIES FOR LISTING OF STOCK OPTIONS 2003A ON THE MAIN
LIST OF THE HELSINKI STOCK EXCHANGE

Outokumpu is applying for the listing of the stock options 2003A
on the main list of the Helsinki Stock Exchange to commence on
September 1, 2006.

Currently, the total number of stock options applied for listing
is 666 090 and there are 102 holders. Each stock option entitles
its holder to subscribe for one Outokumpu share having an account
equivalent value of EUR 1.70. As a result of the subscriptions,
the share capital of the Company may increase by a maximum of EUR
1 132 353. At the time of issue in 2003, the share subscription
price was determined by the Outokumpu share on the stock market in
accordance with the stock option terms and conditions. The current
dividend adjusted share subscription price for the stock option is
EUR 9.55.

The share subscription period with the stock options is September
1, 2006 - March 1, 2009.

Further information about the stock options 2003 can be found in
Outokumpu’s annual report 2005.

Other issues relating to the stock options will be communicated
closer to the beginning of the subscription period.


OUTOKUMPU OYJ
Corporate Management


Ingela Ulfves
Vice President - Investor Relations
tel. + 358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421
2125
e-mail: ingela.ulfves@outokumpu.com
www.outokumpu.com




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