Rautaruukki - Decisions of general meeting

Resolutions of Rautaruukki Corporation's Annual General and Board of Directors meetings

Rautaruukki Corporation    Stock exchange release 23 March 2011 at 16.00 EET

Rautaruukki Corporation's Annual General Meeting held today approved the payment
of a dividend for 2010 of EUR 0.60 per share in accordance with the Board of
Directors' proposal. The dividend will be paid to shareholders on the company's
shareholders register maintained by Euroclear Finland Ltd at the record date 28
March 2011. It was decided that the dividend will be paid on 6 April 2011. The
Annual General Meeting approved the parent company's annual accounts and
consolidated annual accounts and discharged the members of the Board of
Directors, Supervisory Board, and the President & CEO from liability for 2010.

A total of 872 shareholders were represented at the Annual General Meeting.

Board of Directors
It was confirmed that the number of members of the Board of Directors is seven
(7). Reino Hanhinen, MSc (Tech), DSc (Tech) h.c. Maarit Aarni-Sirviö MSc (Tech),
MBA, President & CEO Pertti Korhonen, MSc (Elec Eng), Chairperson of the Board
Liisa Leino, MSc (Nutr), President & CEO Matti Lievonen, BSc (Eng), eMBA, Hannu
Ryöppönen, BA (Bus Admin) and Managing Director Jaana Tuominen, MSc (Chem Eng)
were re-elected to the Board. Reino Hanhinen was re-appointed as chairman of the
Board of Directors and Hannu Ryöppönen as deputy chairman.

Fees of the Board of Directors
The Annual General Meeting approved payment of an annual fee of EUR 72,000 to
the chairman of the Board of Directors, EUR 44,000 to the deputy chairman and
EUR 34,000 to other members of the Board, together with an attendance fee of EUR
600 for meetings, including Board of Directors' committee meetings. 40 per cent
of the annual fee is to be paid in the form of Rautaruukki Oyj shares purchased
from the market. The shares will be purchased within two weeks of the
publication of the company's interim report for the first quarter of 2011.

Auditor
KHT audit firm KPMG Oy Ab was re-appointed as the company's auditor. The auditor
will be paid a fee against invoice approved by the company.

Authority to acquire the company's own shares
In accordance with the Board of Directors' proposal, the Annual General Meeting
granted the Board of Directors the authority to acquire a maximum of 12,000,000
of the company's own shares. The authority is valid until the following Annual
General Meeting.

Share issue authorisation
The Annual General Meeting granted the Board of Directors the authority to
decide on a share issue, which includes the right to issue new shares and/or to
transfer treasury shares held by the company. The authority applies to a maximum
of 28,000,000 shares. The Board of Directors has the right to disapply the pre-
emption rights of existing shareholders in a directed issue. The authority also
includes the right to decide on a bonus issue. The authority is valid for a
period of two years following the date of decision of the Annual General
Meeting.

Establishment of a Nomination Board
The Annual General Meeting decided to establish a Nomination Board to prepare
proposals for the following Annual General Meeting regarding the composition of
the Board of Directors and directors' fees.

The minutes of the Annual General Meeting are available for the inspection of
shareholders at the company's head office and may also be viewed on the
company's website at www.ruukki.com by 6 April 2011. The proposals made to the
Annual General Meeting may be viewed in their entirety on the company's website.

Resolutions of the organisation meeting of Rautaruukki Corporation's Board of
Directors

Audit Committee
The Board of Directors appointed Hannu Ryöppönen as chairman and Liisa Leino and
Jaana Tuominen as members of the Audit Committee.

Remuneration Committee
The Board of Directors appointed Reino Hanhinen as chairman and Maarit Aarni-
Sirviö, Pertti Korhonen and Matti Lievonen as members of the Remuneration
Committee.

All members of the Board of Directors are independent of the company and of the
company's major shareholders.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Tiina Bäckman, Secretary to the Board of Directors, 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 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




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