Outokumpu Oyj - Company Announcement

Outokumpu to start repurchase of its own shares

Stock Exchange Release
October 23, 2007 at 1.00 p.m.

Outokumpu's Board of Directors has decided to start a repurchase of
its own shares based on the authorization of the Annual General
Meeting of March 28, 2007.
The maximum amount to be repurchased is 1 000 000 shares,
representing some 0.55% of the company's share capital and voting
rights. Outokumpu currently holds 218 603 treasury shares.

Shares are repurchased to be used in the company's share based
incentive schemes.

The shares will be acquired through public securities trading on the
Helsinki stock exchange, at market price.

The repurchase of own shares will commence on November 1, 2007, at
the earliest.

For further information, please contact:

Eero Mustala, Senior Vice President - Corporate Communications,
Outokumpu Oyj,
tel. +358 9 421 2435, mobile: +358 40 504 5146
eero.mustala@outokumpu.com

OUTOKUMPU OYJ
Corporate Management
Ingela Ulfves
Vice President - Investor Relations
tel. + 358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125
e-mail: ingela.ulfves@outokumpu.com
www.outokumpu.com

Attachments:

Outokumpu_ownshares_231007