Rautaruukki - Company Announcement

RAUTARUUKKI ACQUIRED 80.7 PER CENT SHARE IN HUNGARIAN APRÍTÓGÉPGYÁR ZRT.

Rautaruukki Oyj        Stock Exchange Release    29 May 2007 at 13.15

RAUTARUUKKI ACQUIRED 80.7 PER CENT SHARE IN HUNGARIAN APRÍTÓGÉPGYÁR ZRT. 

Rautaruukki Corporation acquired an 80.7 per cent share in the Hungarian
company Aprítógépgyár Zrt. (AGJ) from the Hungarian sellers. The transaction
was closed today. 

AGJ's core business is the manufacture of components, such as booms, for use in
earth-moving machinery and materials handling equipment; and production of
heavy machinery. 

”Acquisition of AGJ supports implementation of our growth strategy in the
lifting, handling and transportation equipment (LHT) customer segment. The
acquisition will also benefit us in the form of new customers and business
potential, as well as add to our manufacturing network in Central Eastern
Europe,” says Markku Koljonen, President, Ruukki Engineering. 

Further information is available from:
Mr Markku Koljonen, President, Ruukki Engineering, tel. +358 20 592 9105


Rautaruukki Corporation

Taina Kyllönen
VP, Corporate Communications

Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and mechanical engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 23
countries and employs 13,000 people. Net sales in 2006 totalled EUR 3.7
billion. The company's share is quoted on the Helsinki Exchanges (Rautaruukki
Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. 

www.ruukki.com

DISTRIBUTION:
Helsinki Exchanges
Main media
www.ruukki.com