Rautaruukki - Corporate Action

Subscription of Rautaruukki's shares with warrants

Rautaruukki Oyj	   Stock Exchange Release	2 October 2008 at 14.30

Subscription of Rautaruukki's shares with warrants

Between 27 June and 11 September 2008, a total of 14 101 Rautaruukki Oyj shares
were subscribed with the warrants based on the 2003 bond loan with warrants.
The share capital has been increased by EUR 23,971.70 accordingly. The increase
in share capital has been registered in the Trade Register on 2 October 2008. 

The new shares will provide shareholder's rights starting from the date of
registration 2 October 2008. It is estimated that the shares will be subject to
public trading, together with the existing Rautaruukki shares (RTRKS), on the
OMX Nordic Exchange Helsinki as of the following day. 

After the increase, the share capital of Rautaruukki will be EUR 238,390,029.30
and the total number of shares 140,229,429. 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 December 2008, when the new shares subscribed by 26 November
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 25 countries and
employs 14,990 people. Net sales in 2007 totalled EUR 3.9 billion. The
company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj:
RTRKS). The Corporation uses the marketing name Ruukki. 

www.ruukki.com

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OMX Nordic Exchange Helsinki
Main media
www.ruukki.com