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

STOCK EXCHANGE ANNOUNCEMENT
September 19, 2008 at 10.30 am

Between July 8, 2008  and September 8, 2008 a total of 693 shares
have been subscribed for with the 2003A stock options (FI0009629133)
and between July 8, 2008  and September 8, 2008 a total of 5 000
shares have been subscribed for with the 2003C stock options
(FI0009649412). As a result of the share subscriptions the share
capital of Outokumpu Oyj has increased by EUR 9 678.10.

The increase in share capital has been entered into the Finnish trade
register on September 19, 2008 and the subscribed shares will be
listed on the Nasdaq OMX Nordic Exchange Helsinki and trading will
commence along with the old shares as of September 22, 2008.

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

Trading code: OUT1V
ISIN code: FI0009002422
Number of shares: 181 446 883
Share capital: EUR 308 459 701.10

The next filing of increase in share capital into the trade register
will take place on or about November 3, 2008 and listing of shares on
the OMX Nordic Exchange Helsinki on or about November 4, 2008.

OUTOKUMPU OYJ
Corporate Management


Ingela Ulfves
Vice President - Investor Relations and Financial Communications
tel. + 358 9 421 2438, mobile +358 40 515 1531
e-mail: ingela.ulfves@outokumpu.com
www.outokumpu.com