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OUTOKUMPU OYJ ? TRANSFER OF TREASURY SHARES

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OUTOKUMPU OYJ   STOCK EXCHANGE ANNOUNCEMENT  FEBRUARY 15, 2005 AT 10.45 AM


OUTOKUMPU OYJ – TRANSFER OF TREASURY SHARES

Outokumpu Oyj has transferred a total of 279 930 of treasury shares
to the persons participating in the 2002 share remuneration scheme
for management. The number of shares transferred was calculated
based on the trading volume weighted average share price of EUR
14.12 on February 14, 2005. Following the transfer Outokumpu holds
218 603 treasury shares.



OUTOKUMPU OYJ
Corporate Management



Johanna Sintonen
Vice President - Investor Relations
tel. +358 9 421 2438, mobile +358 40 530 0778, fax +358 9 421 2125
e-mail: johanna.sintonen@outokumpu.com
www.outokumpu.com

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