Rautaruukki - Corporate Action

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Rautaruukki Oyj	   Stock Exchange Release	31.10.2007 at 9.40

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Between 29 August 2007 and 10 October 2007 a total of 1,604 Rautaruukki shares
have been subscribed with the warrants based on the bond loan with warrants
2003. The share capital has been increased by 2,726.80 euros due to the
subscriptions. The increase of the share capital has been registered at the
Trade Register on 31 October 2007. 

The new shares will provide the shareholder's rights starting from the date of
registration 31 October 2007. The estimation is that the shares will be subject
to public trading at the OMX Nordic Exchange Helsinki with the old Rautaruukki
shares (RTRKS) as of the following day.

After the increase the share capital of Rautaruukki shall be 238,333,417.60
euros and the total number of shares 140,196,128. This number includes the
shares held by the company. 

The next increase of share capital based on the bond loan with warrants 2003
shall take place in December 2007 when the new shares subscribed by 28 November
2007 will be registered. 


Further information:
Tiina Bäckman, VP, 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 mechanical engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 24
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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OMX Nordic Exchange Helsinki
Main media
www.ruukki.com