Rautaruukki - Notice to general meeting

Notice of the Annual General Meeting of Rautaruukki Corporation on 23 March 2011

Rautaruukki Corporation Stock Exchange Release 3 February 2011 at 9.30

Notice is given to the shareholders of Rautaruukki Corporation that the Annual
General Meeting this year will be held on Wednesday 23 March 2011 at 1pm in the
Congress Wing of the Helsinki Exhibition and Convention Centre, Messuaukio
1, 00520 Helsinki, Finland. The reception of persons who have registered to
attend the meeting and the distribution of voting slips will commence at 12
noon.

A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING

The Annual General Meeting will transact the following business:

1. Opening of the Meeting

2. Calling the Meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting
of votes

4. Recording the legality of the Meeting

5. Recording the attendance at the Meeting and adoption of the list of votes

6. Presentation of the annual accounts, the report of the Board of Directors and
the Auditor's report for 2010

CEO's review

7. Adoption of the parent company and consolidated annual accounts

8. Resolution on the use of the profit shown on the balance sheet and the
payment of dividend

The Board of Directors proposes on the basis of the adopted balance sheet for
2010 the payment of a dividend of EUR 0.60 per share. The dividend will be paid
to shareholders entered as shareholder, at the dividend payment record date 28
March 2011, in the company's shareholder register maintained by Euroclear
Finland Ltd. The Board of Directors proposes that the dividend be paid on 6
April 2011.

9. Resolution on the discharge of the members of the Board of Directors,
Supervisory Board and the CEO from liability

10. Resolution on the remuneration of the members of the Board of Directors

The Nomination Committee proposes that the Chairman of the Board receives an
annual fee of EUR 72,000, the Deputy Chairman EUR 44,000 and members EUR 34,000
together with an attendance fee of EUR 600 including Board of Directors'
committee meetings. The Nomination Committee proposes that 40 per cent of the
annual fee 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. The Nomination Committee
considers that increasing the long-term shareholding of Board members will
benefit all shareholders.

11. Resolution on the number of members of the Board of Directors

The Nomination Committee proposes that the number of members of the Board of
Directors remains unchanged at seven.

12. Election of members of the Board of Directors

The Nomination Committee proposes that the current members of the Board of
Directors Maarit Aarni-Sirviö, Reino Hanhinen, Pertti Korhonen, Liisa Leino,
Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen be re-elected for a further
term of office lasting one year from the 2011 Annual General Meeting to the
close of the 2012 Annual General Meeting. The Nomination Committee further
proposes that Reino Hanhinen be elected as Chairman of the Board of Directors
and that Hannu Ryöppönen be elected as Deputy Chairman.

13. Resolution on the remuneration of the auditor

The Board of Directors proposes that the auditor be paid a remuneration based on
invoice approved by the company.

14. Election of auditor

Based on the recommendation of the Audit Committee, the Board of Directors
proposes that the audit firm KPMG Oy Ab be re-elected as the company's auditor.

15. Authorising the Board of Directors to decide on the acquisition of the
company's own shares

The Board of Directors proposes that the Annual General Meeting grants the Board
the authority to acquire a maximum of 12,000,000 of the company's own shares,
using the company's unrestricted equity, at fair value at the date of
acquisition, which shall be the prevailing market price in public trading on
NASDAQ OMX Helsinki Ltd. The shares can be acquired in a proportion not pro rata
to shareholders' holdings (targeted acquisition). The proposed authority
supersedes the authority to acquire 12,000,000 shares granted by the Annual
General Meeting of 23 March 2010 and which now expires. It is proposed that the
authority be valid until the following Annual General Meeting.

16. Authorising the Board of Directors to decide on the share issue

The Board of Directors proposes that the Annual General Meeting grants the Board
the authority to decide on a share issue that includes the right to issue new
shares and/or to transfer treasury shares held by the company. It is proposed
that the authority apply to a maximum of 28,000,000 shares in total. The Board
of Directors shall have the right to decide who the shares are issued to i.e.,
in disapplication of the pre-emption rights of existing shareholders, by means
of a directed issue if there is a weighty financial reason for doing so under
the Limited Liability Companies Act. The authority shall also include the right
to decide on a bonus issue if there is an especially weighty financial reason to
do so from the company's point of view and taking into account the interests of
all shareholders. It is proposed that the authority be valid for a period of
five years following the date of decision of the Annual General Meeting.

17. Proposal by Solidium Oy to establish a Nomination Committee at the Annual
General Meeting

Solidium Oy proposes that a Nomination Committee be established to prepare
proposals for the following Annual General Meeting regarding the composition of
the Board of Directors and directors' fees. The Committee is to comprise of
three largest shareholders or a representative from each of the three largest
shareholders and the Chairman of the Board of Directors, who is elected to the
Committee as an expert member. The right to elect members to the Nomination
Committee to represent shareholders is vested in the three shareholders who are
registered at 1 October 2011 on the company's shareholder register maintained by
Euroclear Finland Ltd and who according to this register have the largest share
of the votes conveyed by all the company's shares. The Chairman of the Board of
Directors convenes the Nomination Committee, which elects a chairman from among
its members. The Nomination Committee will present its proposal to the company's
Board of Directors by no later than 1 February preceding the Annual General
Meeting.

18. Closing of the Meeting

B. DOCUMENTS OF THE GENERAL MEETING

The proposals for the decisions on the matters on the agenda of the General
Meeting as well as this Notice are available on Rautaruukki Corporation's
website at www.ruukki.com. The annual accounts, the report of the Board of
Directors and the auditor's report of Rautaruukki Corporation, are available on
the above-mentioned website no later than 2 March 2011. The proposals for
decisions and the other above-mentioned documents are also available at the
meeting. Copies of these documents and of this notice will be sent to
shareholders upon request. The minutes of the meeting will be available on the
above-mentioned website as of 6 April 2011.

C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE GENERAL MEETING

1. Shareholders registered in the shareholders' register

Each shareholder who is registered on Friday 11 March 2011 in the shareholders'
register of the company held by Euroclear Finland Ltd has the right to
participate in the Annual General Meeting. A shareholder, whose shares are
registered on his/her personal Finnish book-entry account, is registered in the
shareholders' register of the company.

A shareholder, who is registered in the shareholders' register of the company
and who wishes to participate in the Annual General Meeting, must register their
intent to do so by no later than 4pm (EET) on Friday 18 March 2011. Such notice
can be given:

- on the company's website www.ruukki.com;

- by email yhtiokokous@ruukki.com;

- by telephone +358 10 804 430 between 8am and 4pm (EET), Monday to Friday;

- by telefax +358 20 592 9104; or

- by regular mail to Rautaruukki Corporation, Annual General Meeting, PO Box
138, FI-00811 Helsinki.

In connection with the registration, a shareholder must notify his/her name,
personal identification number, address, telephone number and the name of a
possible assistant or proxy representative and the personal identification
number of a proxy representative. The personal data given to Rautaruukki
Corporation is only used in connection with the Annual General Meeting and with
the processing of related registrations.

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the Annual
General Meeting by virtue of such shares, based on which he/she on the record
date of the Annual General Meeting, i.e. on Friday 11 March 2011, would be
entitled to be registered in the shareholders' register of the company held by
Euroclear Finland Ltd. The right to participate in the Annual General Meeting
requires, in addition, that the shareholder on the basis of such shares has been
registered in the temporary shareholders' register held by Euroclear Finland
Ltd, at the latest by 10am (EET) on 18 March 2011. As regards nominee registered
shares this constitutes due registration for the Annual General Meeting.

A holder of nominee registered shares is advised to request without delay
necessary instructions regarding the registration in the temporary shareholders'
register of the company, the issuing of proxy documents and registration for the
Annual General Meeting from his/her custodian bank. The account management
organization of the custodian bank will register a holder of nominee registered
shares, who wants to participate in the Annual General Meeting, into the
temporary shareholders' register of the company at the latest by the time stated
above.

Further information on these matters can also be found on the company's website
www.ruukki.com.

3. Proxy representative and powers of attorney

A shareholder may participate in the Annual General Meeting and exercise his/her
rights at the Meeting by way of proxy representation. A proxy representative
shall produce a dated proxy document or otherwise in a reliable manner
demonstrate his/her right to represent the shareholder at the Annual General
Meeting. When a shareholder participates in the Annual General Meeting by means
of several proxy representatives representing the shareholder with shares at
different securities accounts, the shares by which each proxy representative
represents the shareholder shall be identified in connection with the
registration for the Annual General Meeting.

Proxy documents should be delivered in originals to Rautaruukki Corporation,
Annual General Meeting, PO Box 138, FI-00811 Helsinki before the last date of
registration.

4. Other instructions and information

Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies
Act, a shareholder who is present at the Annual General Meeting has the right to
request information with respect to the matters to be considered at the Meeting.

On the date of this Notice to the Annual General Meeting, 2 February 2011, the
total number of shares in Rautaruukki Corporation and votes represented by such
shares is 140,285,425 shares.

Finnish and English versions of Rautaruukki Corporation's Annual Accounts 2010
will be published on the company's website by no later than 2 March 2011.
Printed copies of the accounts may be ordered by calling +358 20 592 9260 on
weekdays between 8am and 4pm (EET), by email at annualreport@ruukki.com or
online at www.ruukki.com.

Helsinki, 2 February 2011

RAUTARUUKKI CORPORATION

Board of Directors



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 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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