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*SHARES SUBSCRIBED WITH OPTION RIGHT AND

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HEX HELSINKI     SECURITIES EXCHANGE   RELEASE 57/2004
                 SHARES                19 February 2004


SHARES SUBSCRIBED WITH OPTION RIGHT AND CONVERTIBLE BOND:
OUTOKUMPU OYJ

A total of 55 404 new shares (OUT1VN0104) subscribed
with the option rights 1998 Outokumpu Oyj and the new
shares subscribed with the Outokumpu Oyj`s convertible
bond 1999 will be traded on as OUT1VN0104 shares as of 20
February 2004.

The new (OUT1VN0104) shares will be traded separately from (OUT1V) 
because of difference of dividend right.

Identifiers OUT1VN0104:
Trading code:                       OUT1VN0104
ISIN code:                          FI0009012454
Amount:                             162 308 


HELSINKI EXCHANGES
Mikko Timonen

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