Outokumpu Technology is now Outotec

OUTOKUMPU TECHNOLOGY OYJ PRESS RELEASE, APRIL 24, 2007

Outokumpu Technology Oyj has changed its name to Outotec Oyj as of today.  New name Outotec unites all the company's businesses all over the world. Corporate logo, visual identity, website and e-mail addresses change accordingly.

When Outokumpu Technology was listed on the Helsinki Stock Exchange in October 2006, the company promised to change its name in order to distinguish itself from its former parent company Outokumpu.

"Name Outotec reflects the company's development from Outokumpu's technology division, through expansion and several acquisitions, to an independent, listed company with own brand values and visual identity. We're known for innovativeness and environmentally sound proprietary technologies, many of which have become industry standards. The new name has a strong link to our past and the expertise our customers have learned to trust. Under name Outotec we will continue delivering 'More out of ore' to our stakeholders", Tapani Järvinen, President and CEO of Outotec, says.

The criteria for the new logo, designed by Konsepti Advertising of Finland, were that it had to be simple, powerful, unique and modern while taking into account the company's history.  Finally, it had to have a warm colored typography with no symbol. The new logo can be downloaded from www.outotec.com/brand.

As of today, the company's renewed website is available at www.outotec.com and new e-mail addresses are of the form firstname.surname@outotec.com.

Outotec's telephone numbers in Finland for Corporate Management in Espoo and Pori Research Center have also changed. The new switchboard number for both locations is +358 (0)20 529 211.

For further information please contact:

Outotec Oyj

Eila Paatela

Vice President - Corporate Communications

Tel. +358 (0)20 529 2004, Mobile +358 (0)400 817198

E-mail: eila.paatela(at)outotec.com

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www.outotec.com