Share subscriptions under Outokumpu's convertible bond and increase in by znu21902

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									Oct 4, 2001

Share subscriptions under Outokumpu's convertible bond and increase in share capital
Bonds relating to the subordinated convertible bond loan of EUR 18 180 000 issued for the Group's personnel in 1999 were
converted into 13 310 shares in the Company between September 10, 2001 and September 30, 2001.

The corresponding increase in share capital has been entered into the Trade Register today. The registered share capital of the
Company is therefore
EUR 211 951 750 and the number of the shares issued 124 677 500.

An application has been submitted for listing the shares now subscribed together with the old shares on the main list of the
Helsinki Exchanges as of October 5, 2001. The new shares entitle holders to dividend for the financial period in which the
conversion has occurred. Other shareholder's rights apply as soon as the increase in share capital has been entered into the
Trade Register and the share ownership has been entered in the shareholder's register of the Company held by The Finnish
Central Securities Depository.

The convertible bond loan was issued on April 7, 1999. The loan period is five years and the annual interest rate is 3.75%.
According to the terms of the convertible bonds, one convertible bond of EUR 1 000 can be converted to 110 shares in
Outokumpu Oyj. The conversion price per Outokumpu Oyj share is EUR 9.09. The annual conversion periods for the bonds are
as follows:
From April 9, 2001 to November 30, 2001
From April 8, 2002 to November 29, 2002
From April 8, 2003 to November 28, 2003 and
From January 2, 2004 to April 5, 2004.

If the entire outstanding loan, following the effected prepayments, of EUR 14 894 000 is converted into shares, additional 1 638
340 new shares will be issued and the Company's share capital will increase by EUR 2 785 178.

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

								
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