Rautaruukki - Company Announcement

RAUTARUUKKI BOARD APPROVES THE REMUNERATIONS OF THE GROUP'S SHARE BONUS SCHEME FOR 2004-2006

Rautaruukki Oyj	   Stock Exchange Release	1.8.2007 at 9.02                      

RAUTARUUKKI BOARD APPROVES THE REMUNERATIONS OF THE GROUP'S SHARE BONUS SCHEME  
FOR 2004-2006                                                                   

Rautaruukki's Board of Directors has on 31 July 2007 approved the maximum       
remunerations for the last incentive period of the Group's share bonus scheme   
2000. As the share part of the total remuneration the Board of Directors has    
decided to transfer 225 194 shares held by the company to the persons. According
to the share bonus scheme 40 per cent of the total remuneration will be paid in 
shares and 60 per cent in cash for taxes. The share bonus scheme for the period 
2004-2006 covers 69 persons in the management or other key positions. The shares
shall be transferred on 3 August 2007.                                          

In February 2000, Rautaruukki launched a share bonus scheme as part of the      
Group's incentive program for key personnel. The system consists of three-year  
incentive periods; the first period started on 1 January 2000 and the period    
2004-2006 was the last one.                                                     

Under the terms of the share bonus scheme, the remuneration is determined by    
comparing the company's success with others in its branch of industry. The      
maximum remuneration will be paid only if Rautaruukki's return on assets ranks  
among the top quarter in a comparison group. The comparison group comprises of  
10 companies operating in the same branch of industry, primarily in Europe.     
Under the terms of the share bonus scheme, the shares received under the scheme 
must not be assign­ed until two years have passed from the end of the incentive 
period.                                                                         


Further information:                                                            
Tiina Bäckman, VP, Legal, 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 14,500 people. Net sales in 2006 totalled EUR 3.7 billion.
The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki  
Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004.     

www.ruukki.com                                                                  



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