Rautaruukki - Decisions of general meeting

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

Rautaruukki Corporation Stock exchange release 24 March 2009 at 16.15

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

Rautaruukki Corporation's Annual General Meeting held today approved the
payment of a dividend for 2008 of EUR 1.35 per share in accordance with the
Board of Directors' proposal. 

A total of 740 shareholders were represented at the Annual General Meeting.

Resolutions of the Annual General Meeting:

Adoption of the financial statements
The Annual General Meeting approved the parent company's financial statements
and consolidated financial statements for 2008. 

Discharge from liability
The Annual General Meeting discharged the members of the Supervisory Board,
Board of Directors and the President & CEO from liability. 

Disposal of profit
A dividend of EUR 1.35 per share is to be paid (total dividend payout of EUR
187,440,835.05). The dividend will be paid on 8 April 2009 to shareholders
registered at the record date for dividend payout, 27 March 2009, in the
company's shareholder register kept by Euroclear Finland Ltd. 
Board of Directors
It was confirmed that the number of members of the Board of Directors is seven
(7). Reino Hanhinen, President & CEO Maarit Aarni-Sirviö, CEO Christer
Granskog, Pirkko Juntti LLM, Undersecretary of State Kalle J. Korhonen and
Chairperson of the Board Liisa Leino were re-elected to the Board. Deputy CEO
Hannu Ryöppönen BA (Bus Admin) was elected to the Board as a new member. Reino
Hanhinen was appointed as chairman of the Board of Directors and Christer
Granskog as deputy chairman. 

Fees of the Board of Directors
The fees of the Board of Directors are to remain unchanged. The Annual General
Meeting approved payment of a monthly fee of EUR 5,600 to the chairman of the
Board of Directors, EUR 3,500 to the deputy chairman and EUR 2,700 to other
members of the Board together with an attendance fee of EUR 600 for meetings,
including Board of Directors' committee and Supervisory Board meetings. 

Supervisory Board
It was confirmed that the Supervisory Board is to have nine (9) members. Marjo
Matikainen-Kallström MP and Inkeri Kerola MP were re-elected as chairperson and
deputy chairperson of the Supervisory Board respectively. Heikki Allonen MSc
(Tech), Turo Bergman, Political Secretary, Miapetra Kumpula-Natri MP, Petteri
Orpo MP, Jouko Skinnari MP and Tapani Tölli MP were all re-elected to the
Supervisory Board. Executive Vice President Hans Sohlström was elected to the
Supervisory Board as a new member. 

Fees of the Supervisory Board
The fees of the Supervisory Board are to remain unchanged. The chairperson is
to be paid a monthly fee of EUR 1,000, the deputy chairperson EUR 600 and
members EUR 500, together with an attendance fee of EUR 200 for meetings. 

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. 
Amendment to Articles 4 and 11 of the Articles of Association
In accordance with the Board of Directors' proposal, the Annual General Meeting
resolved to amend 
- Article 4 § 3 of the company's Articles of Association by deleting the
reference to the right of the Ministry of Trade and Industry to appoint a
member to the Supervisory Board; 
- Article 11 § 1 of the company's Articles of Association so that notice to the
Annual General Meeting shall be sent no later than twenty-one (21) days before
the Meeting and  published on the company's website. 

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 for 18 months from the date
of the resolution of the Annual General Meeting. 

Authority to issue new shares and to transfer the company's treasury shares
(share issue authorisation) 
In accordance with the Board of Directors' proposal, 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 or to transfer treasury shares held by
the company. The authority applies to a maximum of 15,000,000 shares. The Board
of Directors has the right to disapply the pre-emption rights of existing
shareholders in a private placement. The authority also includes the right to
decide on a bonus issue. The authority is valid until the close of the 2011
Annual General Meeting. 

Establishment of a Nomination Committee
The Annual General Meeting decided to establish a Nomination Committee 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 7 April 2009. The proposals made to the
Annual General Meeting may be viewed in their entirety on the company's
website. 

Resolutions of Rautaruukki Corporation's Board of Directors

At its organisation meeting after the Annual General Meeting, the Board of
Directors appointed Hannu Ryöppönen as chairman and Liisa Leino and Kalle J.
Korhonen as members of the Audit Committee. 

In addition, the Board of Directors appointed Reino Hanhinen as chairman and
Maarit Aarni-Sirviö and Christer Granskog as members of the Remuneration
Committee. 

All directors are independent of the company and, except for Kalle J. Korhonen
also independent 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 26 countries and
employs 14,300 people. Net sales in 2008 totalled EUR 3.9 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