Rautaruukki - Corporate Action

Subscription of Rautaruukki's shares with warrants

Rautaruukki Corporation	Stock Exchange Release  17 December 2008 at 9.00

Subscription of Rautaruukki's shares with warrants 

Between 2 October and 26 November 2008, a total of 26,050 Rautaruukki Oyj
shares were subscribed with the warrants based on the 2003 bond loan with
warrants. The share capital has been increased by EUR 44,285.00 accordingly.
The increase in share capital was registered in the Trade Register on 17
December 2008. 

The new shares will provide shareholder's rights starting from the date of
registration, 17 December 2008. It is estimated that the shares will be subject
to public trading, together with the existing Rautaruukki shares (RTRKS), on
NASDAQ OMX Helsinki as of the following day. 
After the increase, the share capital of Rautaruukki will be EUR 238,434,314.30
and the total number of shares 140,255,479.00. This number includes the shares
held by the company. 
The next increase in share capital based on the 2003 bond loan with warrants
will take place in February 2009, when the new shares subscribed by 31st
December 2008 will be registered. 
For further information, please contact:
Tiina Bäckman, VP, Legal, tel. +358 20 592 9068
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 15,000 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