Rautaruukki - Company Announcement

Rautaruukki to acquire Norwegian steel frame constructor

Rautaruukki Corporation  Stock exchange release 8 Jan 2009 at 13:00

Rautaruukki to acquire Norwegian steel frame constructor

Rautaruukki is to strengthen its position in steel construction in the Nordic
countries through acquisition of the entire share capital of the Norwegian
company Skalles Eiendomsselskap AS from its private owners. Skalles Mek
Verksted AS, a fully-owned subsidiary of Skalles Eiendomsselskap AS, is one of
Norway's leading steel frame suppliers for industrial and commercial premises. 

Skalles' total deliveries include the design, manufacture and installation of
steel structures. The company's net sales for 2008 are estimated to be around
EUR 15 million. Established in 1950, Skalles is located in Fredrikstad, to the
south of Oslo, and currently has some 50 employees. 

“The acquisition will strengthen Ruukki's market position in the Nordic
countries and particularly in Norwegian steel construction. Skalles' business
complements Ruukki's customer base and product offering. Acquisition of Skalles
will further Ruukki's aim of becoming a local actor in the steel frame business
and will create a platform to further strengthen our market position,” says
Saku Sipola, President, Ruukki Construction. 

The parties have agreed not to disclose the transaction price. The transaction
is subject to the approval of the regulatory authorities and is expected to be
finalised during February 2009. 


For further information, please contact: Jouni Metsämäki, Senior Vice
President, Northern and Eastern Europe, Ruukki Construction, +358 20 59 29114 


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 26 countries and
employs 15,000 people. Net sales in 2007 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
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www.ruukki.com