Outokumpu and Vattenfall sign major electricity...

PRESS RELEASE
July 3, 2008 at 4.30 p.m.


Outokumpu has signed a deal with Vattenfall about electricity
deliveries amounting to around fifteen terawatt hours (TWh) during a
ten-year period in Finland and Sweden. The deal is unique for its
scope and is seen as a powerful contribution to Nordic co-operation.

In addition to the extensive deliveries of electricity, Vattenfall
and Outokumpu have also agreed about electricity portfolio management
services to be provided by Vattenfall, as well as co-operation on
more efficient use of energy.

It is a great pride for Vattenfall to sign this really significant
partnership with a Nordic heavy industry company outside Sweden. This
partnership is a clear testimony to Vattenfall's excellent relations
with Nordic heavy industry. Our deal is unique for the energy
industry for its scope and comprises deliveries in both Finland and
Sweden, says Hans von Uthmann, Senior Vice President of Vattenfall
and Head of Vattenfall Nordic.

Almost fifteen years we have had a trustful co-operation with
Vattenfall, and we see it as a strength that we have now agreed upon
conditions for a long-term partnership, ensuring, among other things,
stable long term power price for Outokumpu, says Pekka Erkkilä,
Executive Vice President - General Stainless, Outokumpu Oyj, Espoo.

Outokumpu is currently expanding its stainless steel operations in
Finland and Sweden and this necessitates also additional electricity
supply. This deal with Vattenfall will cover an important share of
our electricity needs until the day when new generating capacity will
be available for us, he continues.


For further information, please contact:

Pekka Erkkilä, Executive Vice President - General Stainless,
Outokumpu Oyj,
tel. [phone]

Mikko Rintamäki, Vice President - Energy, Outokumpu Oyj, tel. +358 9
421 2040

Hans von Uthmann, Senior Vice President Vattenfall, Head of
Vattenfall Nordic,
tel. [phone]