Outokumpu recently sold the all of its remaining 46,669,712 Boliden shares to institutional investors. Total net proceeds of the sale amounted to EUR 180 million.

Outokumpu will book EUR 10 million non-recurring gain on the sale in the Q3/2005 accounts. The 46,669,712 shares sold represent 16.1% of Boliden’s share capital. After the sale, Outokumpu owns no shares in Boliden.

Outokumpu has considered the Boliden share as an industrial investment. However, even after selling all of its Boliden shares, Outokumpu will continue to have comprehensive technology cooperation with the company.

The sale was arranged by ABN Amro Rothschild.