Rautaruukki - Corporate Action

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Rautaruukki Oyj	Stock Exchange Release	29.8.2007 at 10.20                       

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS                              

Between 29 June 2007 and 8 August 2007 a total of 21,540 Rautaruukki shares have
been subscribed with the warrants based on the bond loan with warrants 2003. The
share capital has been increased by 36,618.00 euros due to the subscriptions.   
The increase of the share capital has been registered at the Trade Register on  
29 August 2007.                                                                 

The new shares will provide the shareholder's rights starting from the date of  
registration 29 August 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 238,330,690.80     
euros and the total number of shares 140,194,524. 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 October 2007 when the new shares subscribed by 10 October   
2007 will be registered.                                                        


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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