Rautaruukki - Company Announcement

Transfer of Rautaruukki Corporation's treasury shares based on the Share Ownership Plan 2008-2010, earning period 2008

Rautaruukki Corporation Stock exchange release 18 March 2009 at 16.15

Transfer of Rautaruukki Corporation's treasury shares based on the Share
Ownership Plan 2008-2010, earning period 2008 

Rautaruukki's Board of Directors has decided to transfer 48,052 treasury shares
according to the terms and conditions of the Share Ownership Plan 2008-2010 to
the 77 employees belonging to the target group for the first earning period
2008. 

In December 2007, Rautaruukki Corporation's Board of Directors decided on a new
share ownership plan for key personnel. The plan seeks to align the objectives
of shareholders and key personnel to increase shareholder value, to commit key
personnel to the company and to provide a competitive award scheme based on
ownership. The plan includes three earning periods, which are the calendar
years 2008, 2009 and 2010. Payment of a reward is contingent on achieving the
financial targets set, which for the earning period 2008 are measured by the
criteria of earnings per share (EPS) and return on capital employed (ROCE). The
maximum reward payable is the gross salary for the calendar month preceding
payment x 12.5 divided by the average share price. 

Shares earned under the plan cannot be transferred or otherwise assigned during
two years after each earning period. If the service or employment of a key
person ends during this time, the person is obliged to return the shares paid
as a reward to the company. 
The President & CEO and other members of the Corporate Management Board must,
in addition to the two-year restriction period, hold any shares received under
the plan to at least the value of their gross an-nual salary for as long as
their service contract continues. 

For further information, please contact:
Tiina Bäckman, Vice President, Legal, 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 26 countries and
employs 14,300 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