*SHARES SUBSCRIBED WITH CONVERTIBLE BOND

HEX HELSINKI     SECURITIES TRADING    RELEASE 102/2003
                 SHARES                25 April 2003

SHARES SUBSCRIBED WITH CONVERTIBLE BOND: OUTOKUMPU OYJ 

A total of 4 103 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
28 April 2003.

Identifiers of Outokumpu Oyj`s share as of
28 April 2003:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        172 663 222


HELSINKI EXCHANGES
Pekka Peiponen




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