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THE 1998 OUTOKUMPU OPTION WARRANTS DE-LI

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OUTOKUMPU OYJ   STOCK EXCHANGE ANNOUNCEMENT March 23, 2004 at 3.15 pm


THE 1998 OUTOKUMPU OPTION WARRANTS DE-LISTED ON MARCH 25, 2004

The option warrants issued by Outokumpu Oyj in 1998 will be de-
listed from the Helsinki Exchanges on Thursday, March 25, 2004,
and thus the last trading day with the option warrants is March
24, 2004. The option warrants are exercisable until March 31,
2004. Each option warrant entitles holders thereof to subscribe
for 1 097.56 shares of Outokumpu Oyj at a price of EUR 8.56 per
share.


OUTOKUMPU OYJ
Corporate Management

Johanna Sintonen
Vice President - Investor Relations
tel. +358 9 421 2438, mobile +358 40 530 0778, fax +358 9 421 2125
e-mail: johanna.sintonen@outokumpu.com
www.outokumpu.com

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