SALE OF OUTOKUMPU?S FABRICATED COPPER PRODUCTS BUSINESS TO NORDIC CAPITAL FINALIZED

OUTOKUMPU OYJ  STOCK EXCHANGE RELEASE  JUNE 7, 2005 AT 4.00 PM

SALE OF OUTOKUMPU’S FABRICATED COPPER PRODUCTS BUSINESS TO NORDIC
CAPITAL FINALIZED

Outokumpu and Nordic Capital have today closed the transaction
whereby Outokumpu sold its fabricated copper products business
(Outokumpu Copper Products Oy), excluding the Tube and Brass
division, to the private equity firm Nordic Capital. The total
consideration of the transaction is EUR 599 million.

The scope of the transaction comprised the following divisions and
businesses of the Outokumpu Copper business area: Americas, Europe,
Automotive Heat Exchangers, Appliance Heat Exchangers & Asia,
including 100% of Outokumpu Heatcraft, and the Forming equipment
businesses.

The 2004 sales of the sold businesses were EUR 1 664 billion and the
number of personnel was 6 400 at the end of the year. The personnel
will continue under existing employment terms and conditions under
Nordic Capital. It has also been agreed by the parties that the sold
businesses will continue to use the name Outokumpu Copper Products
Oy during a transition period of up to 12 months after closing.

As per closing, Outokumpu Oyj’s representatives will relinquish
their posts in the governing bodies of Outokumpu Copper Products Oy.

The Tube and Brass business that is excluded from the transaction
comprises the European sanitary and industrial tubes, including ACR 
in Europe, as well as brass rod.

Further information:

Eero Mustala, SVP - Corporate Communications, Outokumpu Oyj,
tel. +358 9 421 2435

Bo Söderberg, Partner, Nordic Capital,
tel. +46 8 440 50 50

OUTOKUMPU OYJ
Corporate Management


Eero Mustala