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*SHARES SUBSCRIBED WITH OPTION RIGHTS: O

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HEX HELSINKI     SECURITIES TRADING    RELEASE 279/2003
                 SHARES                30 October 2003


SHARES SUBSCRIBED WITH OPTION RIGHTS: OUTOKUMPU OYJ
 
The 200.852 Outokumpu Oyj`s shares subscribed with the option
rights 1998 and the 19 675 shares subscribed with the
Outokumpu Oyj`s convertible bond 1999 will be traded on
the Helsinki Exchanges as old shares as of 31 October
2003.

Identifiers of Outokumpu Oyj`s share:


Trading code:            OUT1V
ISIN code:               FI0009002422
Number of shares:        172 964 708


HELSINKI EXCHANGES
Pekka Peiponen

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