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OUTOKUMPU'S NEUMAYER DEAL FINALIZED

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OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE February 26, 2004 at 1.30 pm


OUTOKUMPU'S NEUMAYER DEAL FINALIZED

Outokumpu has completed the transaction whereby it acquired the
remaining 50% ownership in Neumayer GmbH, which is a subsidiary of
Outokumpu Copper fabricating various alloy wire products in
Leobersdorf, Austria. The transaction was completed as planned
when the approvals from the relevant competition authorities were
obtained.

As consideration Outokumpu Oyj has today transferred 309 597
treasury shares to the seller. Following the transfer Outokumpu
Oyj now holds 498 533 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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