Rautaruukki - Company Announcement

Rautaruukki waives vendor note from Ovako in return for share in the company and writes down EUR 33 million

Rautaruukki Corporation Stock exchange release 12 October 2010 at 17.30

Rautaruukki is to waive EUR 33 million of the vendor note relating to the
divestment of Ovako in 2006 in return for ownership of around 2.2 per cent in
the company and will write down around EUR 33 million.

The divestment of Rautaruukki Corporation's associated company Oy Ovako Ab was
completed in November 2006. Rautaruukki had a 47 per cent holding in the
company. As part of the transaction, Rautaruukki received an interest-bearing
vendor note from Ovako.

In August 2010, private equity investor Triton signed an agreement under which
it acquired the entire share capital of the Bar, Bright Bar and Tube and Ring
companies, which were part of Ovako.

On the basis of the arrangement, Rautaruukki is to waive the vendor note dating
from 2006 in return for a security entitling it to ownership of around 2.2 per
cent in Ovako. Consequently, Rautaruukki will write down around EUR 33 million.

For further information please contact:
Mikko Hietanen, CFO, tel. +358 20 592 9030
Markku Honkasalo, VP Financing, tel. +358 20 592 8840



Rautaruukki Corporation
Anne Pirilä
SVP 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 27 countries and
employs 11,700 people. Net sales in 2009 totalled EUR 2.0 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



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