ANNOUNCEMENT UNDER THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10 OF A CHANGE IN THE SHAREHOLDING IN OUTOKUMPU TECHNOLOGY OYJ

Not for release, publication or distribution, directly or indirectly, in or
into the United States, Canada, Australia or Japan.

ANNOUNCEMENT UNDER THE FINNISH SECURITIES MARKET ACT, CHAPTER 2, SECTION 10 OF
A CHANGE IN THE SHAREHOLDING IN OUTOKUMPU TECHNOLOGY OYJ

In accordance with the Securities Market Act, Chapter 2, Section 10 Outokumpu
Technology Oyj announces that Outokumpu Oyj (business identity code 0215254-2)
have sold 33,600,001 shares in Outokumpu Technology corresponding to
approximately 80 per cent of the share capital and votes in Outokumpu
Technology. The shareholding of Outokumpu has fallen under one-fifth of the
share capital and votes in Outokumpu Technology and is the following:

                Number        % of share capital     % of votes
Shares      8,399,999    20 %                       20 %

Outokumpu has lent 3,360,000 Outokumpu Technology shares to the managers of the
offering of Outokumpu Technology shares. Outokumpu's shareholding in Outokumpu
Technology falls for the lending period under three twentieth of the share
capital and votes in Outokumpu Technology and is the following:

                Number        % of share capital     % of votes
Shares      5,039,999    12 %                       12 %

The share capital of Outokumpu Technology consists of 42,000,000 shares. Each
share is entitled to one vote at the general meeting of shareholders.

OUTOKUMPU TECHNOLOGY OYJ

Rita Uotila, Vice President - Investor Relations
tel. + 358 20 5292003, mobile +358 400 954141e-mail:
rita.uotila@outokumputechnology.com

Distribution:
Helsinki Stock Exchange
Media

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia or
Japan. The materials do not constitute an offer of securities for sale in the
United States, nor may the securities be offered or sold in the United States
absent registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
There is no intention to register any portion of the offering in the United
States or to conduct a public offering of Shares in the United States.

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.

This document does not constitute an offer of securities to the public in the
United Kingdom.  No prospectus has been or will be registered in the United
Kingdom in respect of the securities, and consequently the securities must not
be sold or offered for sale in the United Kingdom, except to persons whose
ordinary activities involve them in acquiring, holding, managing or disposing
of investments (as principal or agent) for the purposes o their business or
whom it is reasonable to suppose will acquire, hold, manage or dispose of
investments (as principal or agent) for the purposes of their business.