Unscrew the lens elements first, and put them somewhere safe. That way you don't scratch them. Then, you can try dropping some penetrating oil around the retaining ring threads, and see if that helps. If that doesn't do anything, try some acetone. Sometimes they glue stuff in, and acetone is great at eating old glue. It's also great at eating plastic and paint, so be very, very careful with it. If you're not sure about using acetone, use rubbing alcohol and see if that helps. Rubbing alcohol is a lot safer, and while it doesn't east as many types of glue, it also doesn't eat as many types of paint or plastic.
If that doesn't work, you can try heating or freezing it. The idea here is to make either the retaining ring, or the shutter metal contract or expand enough to loosen it's grip. Try throwing the whole thing in the freezer (minus lenses) for a bit and see if that helps. If not, try running heating it up with hair dryer. Don't go rapidly from one to the other though. Rapid swings in temperature can cause things to break. Also, if there are any plastic pieces, be careful with the hair dryer. Don't let anything plastic get too hot, or it might melt.
Those are techniques I use to get things unstuck. When working on old cameras, finding things stuck together is pretty common and one develops several techniques to deal with them.