Rautaruukki - Company Announcement

Nomination Committee's proposal regarding the composition and fees of Rautaruukki's Board of Directors

Rautaruukki Corporation  Stock exchange release   19 January 2010 at 15.00

Nomination Committee's proposal regarding the composition and fees of
Rautaruukki's Board of Directors

Rautaruukki's shareholders' Nomination Committee is to propose to the Annual
General Meeting convening on 23 March 2010 that the number of Board members
remains unchanged at seven.

The Nomination Committee proposes that the current members of the Board of
Directors Maarit Aarni-Sirviö, Reino Hanhinen, Liisa Leino and Hannu Ryöppönen
be re-elected for a further term of office lasting one year from the 2010 Annual
General Meeting to the close of the 2011 Annual General Meeting.

The Nomination Committee proposes that Pertti Korhonen MSc (Electronics
Engineering), President & CEO, Outotec Oyj; Matti Lievonen, BSc (Eng) President& CEO, Neste Oil Corporation and Jaana Tuominen, MSc (Eng), CEO and Managing
Director, Paulig Ltd be elected to the Board as new members. Visit our website
at www.ruukki.com<http://www.ruukki.com/www/corporate.nsf/Documents/5B9A0508C8BADBAFC225723400326
A97?OpenDocument&lang=1> for more information about these candidates.

Furthermore, the Nomination Committee proposes that Reino Hanhinen be re-elected
as chairman of the Board of Directors and that Hannu Ryöppönen be elected as
deputy chairman. All candidates have consented to stand for election.

Moreover, the Nomination Committee proposes that the annual fees of the Board of
Directors remain unchanged:
Chairman   EUR 67,200
Deputy chairman   EUR 42,000
Members   EUR 32,400

In addition to the above, it is proposed that Board members are paid an
attendance fee of EUR 600 per meeting for Board of Directors' meetings and 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 2010.

According to the proposal, the Annual General Meeting will resolve to acquire
the shares directly on behalf of Board members. This is an acceptable way to
acquire Rautaruukki Oyj shares for Board members under applicable insider rules.
The Nomination Committee also considers that increasing the long-term
shareholding of Board members will benefit all shareholders.

The proposals above are included in the notice of the Annual General Meeting.

Kari Järvinen, Managing Director, served as chairman of the Nomination Committee
with Timo Ritakallio, Deputy Chief Executive Officer and Matti Vuoria, President& CEO as members. Reino Hanhinen, Chairman of Rautaruukki's Board of Directors,
and Hannu Ryöppönen, who was appointed by the Board of Directors, served as the
Nomination Committee's' expert members.

For further information, please contact:
Kari Järvinen, Managing Director, Solidium Oy, tel. +358 10 830 8905
Reino Hanhinen, Chairman of 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 12,200 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 <http://www.ruukki.com/>



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