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*OUTOKUMPU OYJ: SHARES SUBSCRIBED WITH

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HEX HELSINKI     SECURITIES TRADING    RELEASE 218/2003
                 SHARES                28 August 2003


SHARES SUBSCRIBED WITH CONVERTIBLE BOND: OUTOKUMPU OYJ 

A total of 9 778 shares have been subscribed with the 
Outokumpu Oyj`s convertible bond issued in 1999. 
The shares will be traded on the Helsinki Exchanges as 
old shares as of 29 August 2003.

Identifiers of Outokumpu Oyj`s share as of
29 August 2003:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        172 673 000


HELSINKI EXCHANGES
Pekka Peiponen

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