Outokumpu Oyj shares subscribed with the 2003A stock options and the increase in share capital


Outokumpu Oyj	Stock Exchange Announcement   March 15, 2007                      

OUTOKUMPU OYJ SHARES SUBSCRIBED WITH THE 2003A STOCK OPTIONS AND THE INCREASE
IN SHARE CAPITAL 

Between December 30, 2006 and March 2, 2007 a total of 17 089 shares have been  
subscribed for with the 2003A stock options (FI0009629133). As a result of the  
share subscriptions the share capital of Outokumpu Oyj has increased by 
EUR 29 051.30. 

The increase in share capital has been entered into the Finnish trade register  
on March 15, 2007 and the subscribed shares will be listed on the Helsinki Stock
Exchange and trading will commence along with the old shares as of March 16,    
2007.                                                                           

The shares and share capital of Outokumpu Oyj following the increase in share   
capital:                                                                        

Trading code: OUT1V                                                             
ISIN code: FI0009002422                                                         
Number of shares: 181 300 967                                                   
Share capital: EUR 308 211 643.90                                               

The next filing of increase in share capital into the trade register will take  
place on or about May 17, 2007 and listing of shares on the Helsinki Stock      
Exchange on or about May 18, 2007.                                              


OUTOKUMPU OYJ                                                                   
Corporate Management                                                            

Ingela Ulfves                                                                   
Vice President - Investor Relations                                             
tel. (09) 421 2438, mobile 040 515 1531, fax (09) 421 2125                      
e-mail: ingela.ulfves@outokumpu.com                                             
www.outokumpu.com