Rautaruukki - Decisions of general meeting

RESOLUTIONS OF RAUTARUUKKI'S ANNUAL GENERAL MEETING

Rautaruukki Oyj	Stock Exchange Release	20 March 2007  

RESOLUTIONS OF RAUTARUUKKI'S ANNUAL GENERAL MEETING

Rautaruukki Corporation's Annual General Meeting (AGM) approved today the
financial statements and discharged the members of the Board of Directors,
Supervisory Board and the President & CEO from liability for the 2006 financial
year. The Meeting decided that a dividend of EUR 1.50 per share and an extra
dividend of EUR 0.50 per share, making a total dividend of EUR 2.00 per share,
will be distributed for 2006. The dividend will be paid on 4 April 2007 to
shareholders registered at the record date, 23 March 2007, in the share
register kept by the Finnish Central Securities Depository Ltd. 

The AGM approved the reappointment of Mr Jukka Viinanen, Ms Maarit
Aarni-Sirviö, Mr Christer Granskog, Ms Pirkko Juntti, Mr Kalle J. Korhonen and
Mr Reino Hanhinen as members of the Board of Directors for a further term of
office lasting one year. Moreover, Mr Jukka Härmälä, President & CEO of Stora
Enso Corporation, and Ms Liisa Leino, chairwoman of the Board of Leinovalu Oy,
were appointed as new members of the Board. Mr Jukka Viinanen was reappointed
as chairman of the Board of Directors and Mr Reino Hanhinen was appointed
deputy chairman. 

The AGM decided to reject the proposal by shareholder Mr George Jauhiainen to
abolish the Supervisory Board. The AGM reappointed Mr Turo Bergman as chairman
and Mr Jouko Skinnari as deputy chairman of the Supervisory Board for a further
term of office lasting one year. Moreover, Mr Heikki Allonen, Ms Inkeri Kerola,
Ms Miapetra Kumpula-Natri, Mr Petri Neittaanmäki, Mr Markku Tynkkynen, Mr
Tapani Tölli and Mr Lasse Virén were all reapppointed to the Supervisory Board. 

Public accountants Ernst & Young Oy, with Mr Pekka Luoma Authorized Public
Accountant as the principal auditor, were reappointed as the company's auditor. 

The Annual General Meeting authorised the Board of Directors to resolve to
acquire a maximum of 12,000,000 Rautaruukki series K shares (8.57 per cent of
the total number of shares). The shares will be acquired by directed
acquisition using the company's unrestricted equity at the prevailing market
price on the Helsinki Stock Exchange. The shares will be acquired to develop
the company's capital structure, to finance and carry out potential
acquisitions or other arrangements, as a part of the incentive schemes of the
company or its subsidiaries, to be held by the company or to be otherwise
disposed of or cancelled. The Board of Directors will decide on other
conditions, if any, for the acquisition of treasury shares. The authorisation
is valid for eighteen months from the decision of the Annual General Meeting. 

The Annual General Meeting authorised the Board of Directors to resolve to
dispose of a maximum of 13,785,381 Rautaruukki series K shares held by the
company either against payment or without charge. The shares may be transferred
to shareholders of the company on a pro-rata basis to their shareholding in the
company shares or by means of a directed issue if there is an important
financial reason for the company to do so, such as to develop the company's
capital structure, to finance or carry out acquisitions or other arrangements
or to use the shares as a part of the incentive schemes of the company or its
subsidiaries. The Board of Directors will decide on other conditions, if any,
for the disposal of treasury shares. The authorisation is valid until the end
of the Annual General Meeting to be held in 2009. 

The Annual General Meeting decided to approve the proposal by the Board of
Directors to fully amend the company's current Articles of Association. The
company's business was expanded upon to better reflect the company's current
activities. The provisions on the company's minimum and maximum share capital
and the number of shares were removed. The division of the company's shares
into Series K and Series A shares was discontinued and the company has only one
type of share. The sections on the quorum of the Board of Directors and the
Supervisory Board, the Boards' term of office and the procedure related to the
minutes of their meetings were removed. It was decided that the Supervisory
Board is tasked with supervising the administration of the company, which is
the responsibility of the Board of Directors and President & CEO, and to give
its statement to the Annual General Meeting of Shareholders on the financial
statements, annual report and audit report. The duties of the Board of
Directors and the President & CEO were specified in accordance with the
provisions of the new Companies Act regarding their general authority. Article
21 concerning the obligation to redeem shares was removed. Furthermore, the
Articles of Association were amended due to the fact that certain provisions
were also given in the new Companies Act and to bring the wording into line
with the terminology used in the new act. 

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' remuneration. 

The minutes of the Annual General Meeting will be available for inspection by
shareholders at the company's head office by no later than 3 April 2007. 



FURTHER INFORMATION IS AVAILABLE FROM
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Tiina Bäckman, General Counsel, tel. +358 20 592 9068



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


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Helsinki Stock Exchange
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www.ruukki.com