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OUTOKUMPU OYJ OBTAINED TITLE TO THE ENTI

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OUTOKUMPU OYJ    STOCK EXCHANGE RELEASE March 14, 2003 at 12.30 pm


OUTOKUMPU OYJ OBTAINED TITLE TO THE ENTIRE SHARE CAPITAL IN
AVESTAPOLARIT OYJ ABP

The Arbitration Tribunal appointed by the Central Chamber of
Commerce confirmed today that Outokumpu’s right to redeem the
minority shares in AvestaPolarit is not in dispute and that
Outokumpu has a right to obtain title to the minority shares by
placing a security approved by the Arbitration Tribunal to
secure the payment of the redemption price.

Outokumpu has today placed a security approved by the
Arbitration Tribunal to secure the payment of the redemption
price and has thus obtained title to the entire share capital
in AvestaPolarit in accordance with Chapter 14 Section 21 of
the Finnish Companies Act.

The redemption price will be paid to the minority shareholders
of AvestaPolarit as soon as possible after the arbitration
award regarding the redemption price, which will be rendered at
a later date, has gained legal force.

The Helsinki Exchanges informed AvestaPolarit on November 15,
2002 that the AvestaPolarit shares will be de-listed from the
main list of the Helsinki Exchanges when Outokumpu has obtained
title to the entire share capital in AvestaPolarit through the
arbitration proceedings. The AvestaPolarit shares will today be
de-listed from the main list of the Helsinki Exchanges.

Further information:

Eero Mustala, Senior Vice President – Corporate Communications,
tel. +358 9 421 2435, eero.mustala@outokumpu.com
Kalle Luoto, Vice President - Corporate General Counsel,
tel. +358 9 421 2433, kalle.luoto@outokumpu.com


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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