Rautaruukki - Company Announcement

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

Rautaruukki Corporation Stock exchange release 31 January 2011 at 16.30

Rautaruukki's shareholders' Nomination Committee is to propose to the Annual
General Meeting convening on 23 March 2011 that the number of Board members
remains unchanged at seven.

The Nomination Committee proposes that the current members of the Board of
Directors M.Sc. (Tech) Maarit Aarni-Sirviö, M.Sc. (Eng.) Reino Hanhinen,
President and CEO Pertti Korhonen, Chairwoman of the Board Liisa Leino,
President and CEO Matti Lievonen, BA (Business Adm.) Hannu Ryöppönen and Chief
Executive Officer 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. Further information about the Board of Directors on our
website www.ruukki.com > Investors > Corporate Governance > Board of Directors.

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 is:
Chairman EUR 72,000 (2010: 67,200)
Deputy chairman EUR 44,000 (42,000)
Members EUR 34,000 (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 2011.

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.

Managing Director Kari Järvinen (Solidium Oy) served as chairman of the
Nomination Committee with Deputy CEO Timo Ritakallio (Ilmarinen Mutual Pension
Insurance Company) and Executive Vice-President, Investments Risto Murto (Varma
Mutual Pension Insurance Company) as members. Reino Hanhinen, Chairman of
Rautaruukki's Board of Directors served as the Nomination Committee's expert
member.

For further information, please contact:
Kari Järvinen, Managing Director, Solidium Oy, tel. +358 10 830 8905
Reino Hanhinen, Chairman of Rautaruukki's Board of Directors, tel.
+358 20 592 9068

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 11,800 people. Net sales in 2009 totalled EUR 2.0 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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