The Arbitral Tribunal appointed by the Central Chamber of Commerce has on June 9, 2003 confirmed in its arbitration award that the redemption price of the minority shares in AvestaPolarit is EUR 6.55 per share. The redemption price will be paid to the minority shareholders of AvestaPolarit as soon as possible after the arbitration award has gained legal force.

For further information:

Eero Mustala, Senior Vice President - Corporate Communications,

tel. +358 9 421 2435, eero.mustala@outokumpu.com

Kalle Luoto, Vice President - Corporate General Counsel,

tel. +358 9 421 2433, kalle.luoto@outokumpu.com

OUTOKUMPU OYJ

Corporate Management

Eero Mustala

Senior Vice President - Corporate Communications

tel.+358 9 421 2435, fax +358 9 421 2429

e-mail: eero.mustala@outokumpu.com

home page: http://www.outokumpu.com