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*SHARES SUBSCRIBED WITH CONVERTIBLE BOND

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HEX HELSINKI     SECURITIES TRADING    RELEASE 233/2003
                 SHARES                18 September 2003


SHARES SUBSCRIBED WITH CONVERTIBLE BOND: OUTOKUMPU OYJ A
total of 32 109 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 19 September 2003.

Identifiers of Outokumpu Oyj`s share as of
19 September 2003:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        172 705 109


HELSINKI EXCHANGES
Pekka Peiponen

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