Rautaruukki - Company Announcement

Nomination Board's proposal to the Annual General Meeting regarding the composition and fees of Rautaruukki's Board of Directors

Rautaruukki Corporation Stock exchange release 18 December 2012 at 2.45pm EET

Rautaruukki's shareholders' Nomination Board is to propose to the Annual General
Meeting convening on 21 March 2013 that the number of Board members remains
unchanged at seven. The Nomination Board proposes the re-election of Kim Gran,
Liisa Leino, Matti Lievonen, Saila Miettinen-Lähde and Jaana Tuominen, and the
election of Matti Kähkönen and Timo U. Korhonen as new members. The Nomination
Board proposes that Kim Gran be elected as chairman of the Board and Matti
Lievonen as deputy chairman. It is proposed that the fees of the Board of
Directors remain unchanged.

The Nomination Board appointed by Rautaruukki's shareholders is to propose to
the Annual General Meeting convening on 21 March 2013 that the number of Board
members remains unchanged at seven.

The Nomination Board proposes the re-election of current members of the Board of
Directors, President & CEO Kim Gran, Chairman of the Board of Directors Liisa
Leino, President & CEO Matti Lievonen, CFO Saila Miettinen-Lähde and CEO Jaana
Tuominen for a further term of office lasting one year from the 2013 Annual
General Meeting until the close of the 2014 Annual General Meeting. More
information about members of the Board of Directors is available at
www.ruukki.com > Investors > Corporate Governance > Board of Directors.

The Nomination Board proposes the election of President and CEO Matti Kähkönen
and Executive Advisor Timo U. Korhonen as new members of the Board of Directors.
See the attachments and Rautaruukki's website at www.ruukki.com > Investors >
Corporate Governance > Annual General Meeting 2013 for more information about
these candidates.

Furthermore, the Nomination Board proposes that Kim Gran be re-elected as
chairman of the Board of Directors and that Matti Lievonen be elected as deputy
chairman. All candidates have consented to election.

The Nomination Board proposes that the annual fees of the Board of Directors
are:
Chairman EUR 72,000 (2012: EUR 72,000)
Deputy chairman EUR 44,000 (EUR 44,000)
Members EUR 34,000 (EUR 34,000)

In addition to the above, Board members are paid an attendance fee of EUR 600
per meeting for Board of Directors' meetings and Board of Directors' committee
meetings. The Nomination Board proposes that 40 per cent of the annual fee be
paid in the form of Rautaruukki Oyj shares purchased on the market. The shares
will be purchased within two weeks of the publication of the company's interim
report for the first quarter of 2013.

According to the proposal, the Annual General Meeting will resolve to acquire
the shares directly on behalf of members of the Board of Directors. This is an
acceptable way to acquire Rautaruukki Oyj shares for Board members under
applicable insider rules. The Nomination Board also considers that increasing
the long-term shareholding of Board members is in the interest of all
shareholders.

The proposals above are included in the notice of the Annual General Meeting.

Kari Järvinen, Managing Director (Solidium Oy), served as chairman of the
Nomination Board with Timo Ritakallio, Deputy Chief Executive Officer (Ilmarinen
Mutual Pension Insurance Company) andRisto Murto, Executive Vice President,
Investments (Varma Mutual Pension Insurance Company) as members. Kim Gran,
Chairman of Rautaruukki's Board of Directors, served as the Nomination Board's
expert member.

For further information, please contact:
Kari Järvinen, Managing Director, Solidium Oy, tel. +358 10 830 8905
Kim Gran, Chairman of Rautaruukki's Board of Directors, tel. +358 10 401 7336

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

Ruukki provides its customers with energy-efficient steel solutions for better
living, working and moving. Ruukki operates in some 30 countries and employs
around 11,800 people. Net sales in 2011 totalled EUR 2.8 billion. The company's
share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS).

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






[HUG#1665965]

Attachments:

Timo U Korhonen CV.pdf

Matti Kahkonen CV.pdf