Rautaruukki - Decisions of general meeting

RESOLUTIONS OF RAUTARUUKKI'S ANNUAL GENERAL MEETING

Rautaruukki Oyj	Stock exchange release	2 April 2008 at 15.15


RESOLUTIONS OF RAUTARUUKKI'S ANNUAL GENERAL MEETING

In accordance with the proposal by the Board of Directors, Rautaruukki
Corporation's Annual General Meeting approved today the payment of a dividend
for 2007 of EUR 1.70 per share and an additional dividend of EUR 0.30 per
share, making a total dividend of EUR 2.00 per share. 

A total of 1043 shareholders were represented at the Annual General Meeting.

Rautaruukki Corporation's Annual General Meeting considered the business to be
transacted at the Annual General Meeting in accordance with Article 12 of the
company's Articles of Association and Chapter 5 Section 3 of the Limited
Liability Companies Act, as well as proposals concerning authorising the Board
of Directors to decide on acquisition of the company's own shares, abolition of
the Supervisory Board and the establishment of a shareholders' Nomination
Committee. 

Resolutions of the Annual General Meeting:

Adoption of the financial statements
The Annual General Meeting approved the parent company's financial statements
and consolidated financial statements for 2007. 

Discharge from liability
The Annual General Meeting discharged the members of the Board of Directors,
Supervisory Board and the President & CEO from liability for the 2007 financial
year. 

Use of the profit
In accordance with the proposal by the Board of Directors, Rautaruukki
Corporation's Annual General Meeting decided on the payment of a dividend of
EUR 1.70 per share and an additional dividend of EUR 0.30 per share, making a
total dividend of EUR 2.00 per share (total dividend payout of EUR
277,488,870). The dividend will be paid on 16 April 2008 to shareholders
registered at the record date, 7 April 2008, in the company's shareholder
register kept by the Finnish Central Securities Depository Ltd. 

Board of Directors
The Annual General Meeting appointed members to the Board of Directors for the
following term of office. Mr Jukka Viinanen, Mr Reino Hanhinen, President and
CEO Maarit Aarni-Sirviö, CEO Christer Granskog, Pirkko Juntti LLM,
Undersecretary of State Kalle J. Korhonen and Chairperson of the Board Liisa
Leino were all reappointed to the Board for a further term of office. Jukka
Viinanen was reappointed as chairman of the Board of Directors and Reino
Hanhinen as deputy chairman. The term of office of the Board of Directors ends
at the close of the following Annual General Meeting. 

Fees of the Board of Directors
The Annual General Meeting approved payment of a monthly fee of EUR 5,600 to
the chairman of the Board of Directors, EUR 3,500 to the deputy chairman and
EUR 2,700 to other members of the Board together with an attendance fee of EUR
600 for Board of Directors' meetings and Board of Directors' committee
meetings. 

Supervisory Board
The Annual General Meeting decided to reject the proposal by shareholder Mr
George Jauhiainen to abolish the Supervisory Board. The Annual General Meeting
appointed Marjo Matikainen-Kallström MP as chairperson and Inkeri Kerola MP as
deputy chairperson of the Supervisory Board. Heikki Allonen MSc (Tech), Turo
Bergman, Political Secretary, Miapetra Kumpula-Natri MP, Petteri Orpo MP, Jouko
Skinnari MP, Markku Tynkkynen, Executive Vice President, Resources, and Tapani
Tölli MP were all appointed as members of the Supervisory Board. The term of
office of the Supervisory Board ends at the close of the following Annual
General Meeting. 

Fees of the Supervisory Board
The Annual General Meeting decided to keep the fees of the Supervisory Board
unchanged. The chairperson is paid a monthly fee of EUR 1,000, the deputy
chairperson EUR 600 and other members EUR 500, together with an attendance fee
of EUR 200 for meetings. 

Auditor
The Annual General Meeting elected the KHT audit firm KPMG Oy Ab as the
company's auditor with Mauri Palvi KHT as the principal auditor. The auditor is
paid a fee and remuneration based on invoice. 


Authorisation to acquire the company's own shares
The Annual General Meeting authorised the Board of Directors to resolve to
acquire a maximum of 12,000,000 of the company's own shares (8.56 per cent of
the total number of shares) on the terms and conditions in the Board of
Directors' proposal. The shares will be acquired by directed acquisition, using
the company's unrestricted equity, at the prevailing market price on the OMX
Nordic Exchange Helsinki. This authorisation supersedes the Board of Directors'
authorisation to acquire 12,000,000 shares, which now expires, granted by the
2007 Annual General Meeting. The authorisation is valid for eighteen months
from the decision of the Annual General Meeting. 


Establishment of a Nomination Committee
In accordance with the proposal by the Ownership Steering Department of the
Prime Minister's Office, which represents the Finnish State as shareholder, the
Annual General Meeting decided to establish a shareholders' Nomination
Committee to prepare proposals for the following Annual General Meeting
regarding the composition of the Board of Directors and directors' fees. 

The minutes of the Annual General Meeting will be available for inspection by
shareholders at the company's head office by no later than 16 April 2008. The
proposals made to the Annual General Meeting can be seen in full on the
company's website. 


For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
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 engineering industries. The company has a wide selection
of metal products and services. Rautaruukki has operations in 24 countries and
employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The
company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj:
RTRKS). The Corporation uses the marketing name Ruukki. 


www.ruukki.com

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OMX Nordic Exchange Helsinki 
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www.ruukki.com