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*SHARES SUBSCRIBED WITH OPTION RIGHTS: O

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HEX HELSINKI     SECURITIES TRADING    RELEASE 308/2003
                 SHARES                20 November 2003


SHARES SUBSCRIBED WITH OPTION RIGHTS: OUTOKUMPU OYJ 

The 248.047 Outokumpu Oyj`s shares subscribed with the option
rights 1998 and the 104 899 shares subscribed with the
Outokumpu Oyj`s convertible bond 1999 will be traded on
the Helsinki Exchanges as old shares as of 21 November
2003.

Identifiers of Outokumpu Oyj`s share:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        173 317 654


HELSINKI EXCHANGES
Pekka Peiponen

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