Home News 2006 Outokumpu Technology Oyj has published a supplement to its offering circular
September 29, 2006 04:58:00 PM CET

Outokumpu Technology Oyj has published a supplement to its offering circular

OUTOKUMPU TECHNOLOGY OYJ STOCK EXCHANGE RELEASE SEPTEMBER 29, 2006 AT 4:45 PM


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


Outokumpu Technology Oyj has on September 29, 2006 supplemented the offering
circular regarding the sale of the shares of the company with the following
supplement:


"SUPPLEMENT TO OUTOKUMPU TECHNOLOGY OYJ'S OFFERING CIRCULAR, DATED SEPTEMBER 25, 2006, REGARDING THE SALE OF THE SHARES OF THE COMPANY


Outokumpu Technology Oyj (the "Company") supplements the offering circular,
dated September 25, 2006, regarding the sale of the shares of the Company (the
"Offering"). The following two paragraphs will be included after the last
paragraph of the section entitled "Operating and Financial Review and
Prospects - Recent Developments" of the offering circular:


"On September 29, 2006, Outokumpu Technology announced that it had been granted
a large iron ore pelletizing plant order in Brazil. The Company has agreed with
Minerações Brasileiras Reunidas ("MBR") upon the delivery of process equipment
for a pelletizing plant to be built in Nova Lima, Minas Gerais, Brazil. The
contract value exceeds EUR 110 million. This contract is continuation to the
engineering contract the companies announced in March 2006. Outokumpu
Technology's delivery includes two complete equipment packages, one for a pellet
indurating furnace and the other for a green pelletizing system. Once
operational, scheduled for mid-2008, the plant will produce 7 million tonnes of
iron ore pellets annually. Outokumpu Technology will source the majority of the
equipment for the project locally in Brazil. Brazilian CVRD is the major owner
of MBR. The new pelletizing plant is part of MBR's Itabiritos project, a USD 760
million investment, which, in addition to the pelletizing plant, includes a new
10 million tonnes per year iron ore concentrator and a 5-kilometer pipeline.


On September 29, 2006, Outokumpu Technology announced that it had signed a
significant contract with Brazilian iron ore producer ThyssenKrupp CSA Companhia
Siderúrgica ("CSA") for the design and delivery of a sinter plant for CSA. The
total value of the contract amounts to EUR 160 million, of which approximately
EUR 90 million will be recognized as sales of Outokumpu Technology. The contract
is based on the letter of understanding relating to the project announced on
September 22, 2006. Outokumpu Technology's scope covers the entire engineering,
supply of process equipment, construction and start-up of the turnkey sinter
plant, which CSA plans to build in connection with its greenfield steel plant in
Sepetiba, Rio de Janeiro. The capacity of the sinter plant will be 4.4 million
tonnes of sinter per year and it is scheduled to start operation in 2009.
Approximately 65 percent of the contracted services and supplies will be sourced
locally in Brazil and the customer pays directly a part of those services to
local sub-suppliers. Consequently, the sales value of the project to be through
Outokumpu Technology's books will be lower than the total contract value. As
agreed in the letter of understanding, Outokumpu Technology has started the
engineering work and the management of the Company expects the full
effectiveness of the contract, mainly subject to local permits, by the end of
2006."


In accordance with the terms and conditions of the Retail Offering, the right of
an investor, who has offered to purchase shares of the Company prior to the
supplement to the offering circular, to withdraw such offer to purchase expires
after two (2) banking days following the publication of the supplement.


At Espoo, on September 29, 2006
OUTOKUMPU TECHNOLOGY OYJ"

For further information please contact:


Outokumpu Technology Oyj
Tapani Järvinen, President and CEO
tel. +358 20 5292000


Seppo Rantakari, Executive Vice President - Business Development and Venturing
tel. +350 40 5006526


Eila Paatela, Communications Manager
tel. +358 20 5292004, mobile +358 400 817198
info@outokumputechnology.com, www.outokumputechnology.com

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 of 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.