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OUTOKUMPU BOARD DECISIONS AT THEIR FIRST

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OUTOKUMPU OYJ   STOCK EXCHANGE RELEASE April 3, 2003 at 4.50 pm


OUTOKUMPU BOARD DECISIONS AT THEIR FIRST MEETING

The Board of Directors of Outokumpu Oyj has today in their first
meeting elected Mr. Heimo Karinen as Chairman and Mr. Juha
Rantanen as Vice Chairman.

The Board of Directors has appointed two permanent committees
consisting of Board members - the Audit Committee and the
Nomination and Compensation Committee. The members of the Audit
Committee are Mr. Juha Rantanen (Chairman), Mr. Jorma Huuhtanen
and Ms. Leena Saarinen. The members of the Nomination and
Compensation Committee are Mr. Heimo Karinen (Chairman),
Mr. Evert Henkes, Mr. Arto Honkaniemi and Mr. Ole Johansson.

Furthermore, the Board has decided that as of June 1, 2003 the
responsibility area of Mr. Karri Kaitue, Executive Vice
President in the Group Executive Committee will be
Coil Products division of the Stainless Steel business area.


OUTOKUMPU OYJ
Corporate Management

Johanna Sintonen
Manager - Investor and Media Relations
tel. +358 9 421 2438, mobile +358 40 530 0778,
fax +358 9 421 2429
e-mail: johanna.sintonen@outokumpu.com
www.outokumpu.com

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