OUTOKUMPU TO APPEAL FOR THE GROUNDS AND
OUTOKUMPU OYJ STOCK EXCHANGE RELEASE March 30, 2004 at 9.30 am
OUTOKUMPU TO APPEAL FOR THE GROUNDS AND AMOUNT OF THE CARTEL FINE RELATING TO AIR-CONDITIONING TUBES The European Commission gave its judgment on December 16, 2003 on Outokumpus participation in an European price fixing and market sharing cartel regarding copper air-conditioning tubes during 1988- 2001. Outokumpu was fined EUR 18 million for the participation in the cartel. Outokumpu has decided to appeal to the Court of First Instance for Europe with respect of the grounds for the calculation of the fine and the amount of the fine itself. The cartel investigation relating to copper sanitary tubes, which is part of the same process, is on-going and a decision is expected during 2004. The European Commission initiated the cartel investigation relating to air-conditioning and sanitary tubes in March 2001. Outokumpu has from the beginning given its full cooperation to the Commission in the investigation. Outokumpu can comment more widely on the whole process only after the decision regarding sanitary tubes has been also issued. OUTOKUMPU OYJ Corporate Management Eero Mustala Senior Vice President - Corporate Communications tel.+358 9 421 2435, fax +358 9 421 2429 e-mail: eero.mustala@outokumpu.com home page: http://www.outokumpu.com