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OUTOKUMPU HAS SOLD THE REMAINING 46 669 712 OF ITS BOLIDEN SHARES FOR SOME EUR 180 MILLION

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OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE  SEPTEMBER 19, 2005 AT 8.00 PM


OUTOKUMPU HAS SOLD THE REMAINING 46 669 712 OF ITS BOLIDEN SHARES 
FOR SOME EUR 180 MILLION

Outokumpu has today sold the all of its remaining 46 669 712 Boliden
shares to institutional investors. The total net proceeds of the
sale amount to some EUR 180 million.

Outokumpu will book some EUR 10 million non-recurring gain on the
sale in the Q3/2005 accounts. The 46 669 712 shares sold represent
some 16.1% of Boliden´s share capital. After the sale Outokumpu owns
no shares in Boliden.

Outokumpu has considered the Boliden share as an industrial
investment. However, even after selling all of its Boliden shares,
Outokumpu will continue to have comprehensive technology co-
operation with the company.

The sale was arranged by ABN Amro Rothschild.

For further information, please contact:

Eero Mustala, Senior Vice President – Corporate Communications
Tel. +358 9 421 2435, e-mail: eero.mustala@outokumpu.com

Esa Lager, Chief Financial Officer
Tel. +358 9 421 2516, e-mail: esa.lager@outokumpu.com


OUTOKUMPU OYJ
Corporate Management


Eero Mustala


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