Shares subscribed with the Outokumpu Oyj 2003A ...

STOCK EXCHANGE ANNOUNCEMENT
July 18, 2008 at 10.00 am

Between May 6, 2008 and July 7, 2008 a total of 380 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 646,00.

The increase in share capital has been entered into the Finnish trade
register on July 18, 2008 and the subscribed shares will be listed on
the OMX Nordic Exchange Helsinki and trading will commence along with
the old shares as of July 21, 2008.

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

Trading code: OUT1V
ISIN code: FI0009002422
Number of shares: 181 441 190
Share capital: EUR 308 450 023,00

The next filing of increase in share capital into the trade register
will take place on or about September 19, 2008 and listing of shares
on the OMX Nordic Exchange Helsinki on or about September 22, 2008.

OUTOKUMPU OYJ
Corporate Management

Ingela Ulfves
Vice President - Investor Relations and Financial Communications
tel. + 358 9 421 2438, mobile [phone]
[e-mail]
www.outokumpu.com