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*SHARES SUBSCRIBED WITH CONVERTIBLE BOND

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HEX HELSINKI     SECURITIES TRADING    RELEASE 253/2003
                 SHARES                9 October 2003


SHARES SUBSCRIBED WITH CONVERTIBLE BOND: OUTOKUMPU OYJ 

A total of 7 243 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
10 October 2003.

Identifiers of Outokumpu Oyj`s share:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        172 712 352


HELSINKI EXCHANGES
Pekka Peiponen

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