Press Releases

Rautaruukki Oyj (HEL:RTRKS) Rautaruukki Corporation Stock exchange release 21 October 2008 at 17:15

The State of Finland and Solidium Oy have notified Rautaruukki Corporation of an exemption issued by the Finnish Financial Supervision Authority (FIN-FSA) on 21 October 2008. The decision applies to an exemption, pursuant to Chapter 6 of the Securities Markets Act, granted to Solidium Oy from the obligation to launch a bid to other shareholders of Rautaruukki Corporation when the number of Rautaruukki Oyj shares to be transferred to Solidium exceeds three tenths of the total number of shares issued.

The Finnish government has decided to propose to the Parliament of Finland that the state's shares in eight non-strategic listed companies are transferred as a capital contribution to Solidium Oy, a company wholly owned by the State of Finland. The shares to be transferred include all the 55,656,699 Rautaruukki Oyj shares, 39.69 per cent of all the shares issued, owned by the state.
For further information, please contact: Olli Huuskonen, Legal Counsel, tel +358 40 501 9149

Rautaruukki Corporation

Anne Pirilä SVP Corporate Communications and Investor Relations

Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 14,990 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Rautaruukki Oyj

http://www.ruukki.com

ISIN: FI0009003552

Stock Identifier: XHEL.RTRKS