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2007-12-18 14:30:00 CET 2007-12-18 14:30:01 CET REGULATED INFORMATION Rautaruukki - Company AnnouncementEMISSIONS ALLOWANCES FOR RAUTARUUKKI'S WORKS IN FINLAND UNDER AMENDMENT TO EMISSIONS TRADING ACTRautaruukki Oyj Stock exchange release 18 December 2007 at 15.30 EMISSIONS ALLOWANCES FOR RAUTARUUKKI'S WORKS IN FINLAND UNDER AMENDMENT TO EMISSIONS TRADING ACT The Parliament of Finland considered the amendment to the Emissions Trading Act on 18 December 2007. Under the Emissions Trading Act, the Raahe Works will receive 91 per cent of the maximum emissions allowances required for the 2008-2012 emissions trading period and the steam boilers at the Hämeenlinna Works will receive 86 per cent. The corresponding figure for the 2005-2007 emissions trading period was 94.61 per cent for both installations. As announced earlier, the company expects to incur costs of around EUR 3-5 million a year to purchase the additional emissions allowances it needs during the 2008-2012 emissions trading period. In addition, emissions trading will also affect the cost of electricity the company purchases on the Nordic electricity market. Rautaruukki's Raahe Works and the steam boilers at the Hämeenlinna Works in Finland come under the European Union's emissions trading scheme. Further information is available from: Mikko Hietanen, CFO, tel. +358 20 592 9030 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,700 people. Net sales in 2006 totalled EUR 3.7 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com |
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