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 20 December 2011 at 15.00 EET

Rautaruukki's shareholders' Nomination Board is to propose to the Annual General
Meeting convening on 14 March 2012 that the number of Board members remains
unchanged at seven. The Nomination Board proposes the re-election of Pertti
Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen, and
the election of Kim Gran and Saila Miettinen-Lähde as new members. The
Nomination Board proposes that Kim Gran be elected as chairman of the Board and
Hannu Ryöppönen 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 14 March 2012 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 Pertti Korhonen, Chairman of the Board of Directors
Liisa Leino, President & CEO Matti Lievonen, Hannu Ryöppönen BA (Bus Admin) and
CEO Jaana Tuominen for a further term of office lasting one year from the 2012
Annual General Meeting until the close of the 2013 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 Kim Gran and CFO
Saila Miettinen-Lähde 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 2012 for more information about these
candidates.

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

Moreover, the Nomination Board proposes that the annual fees of the Board of
Directors are:
Chairman EUR 72,000 (2011: 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 2012.

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) and Risto Murto, Executive Vice President,
Investments (Varma Mutual Pension Insurance Company) as members. Reino Hanhinen,
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
Reino Hanhinen, Chairman of Rautaruukki's Board of Directors, tel.
+358 20 59 29300

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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 27 countries and
employs 11,700 people. Net sales in 2010 totalled EUR 2.4 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






[HUG#1572799]

Attachments:

Kim Gran CV.pdf

Saila Miettinen-Lähde CV.pdf