Rautaruukki - Company Announcement

PROPOSALS OF THE NOMINATION COMMITTEE REGARDING THE COMPOSITION AND REMUNERATION OF RAUTARUUKKI'S BOARD OF DIRECTORS

Rautaruukki Oyj	Stock exchange release	31 January 2008


PROPOSALS OF THE NOMINATION COMMITTEE REGARDING THE COMPOSITION AND
REMUNERATION OF RAUTARUUKKI'S BOARD OF DIRECTORS 

The shareholders' Nomination Committee of Rautaruukki has decided to propose to
the Annual General Meeting convening on 2 April 2008 that the number of Board
members remains unchanged at eight. 

Furthermore, the Committee also proposes that all the present members of the
Board of Directors - Jukka Viinanen, Maarit Aarni-Sirviö, Reino Hanhinen, Jukka
Härmälä, Christer Granskog, Pirkko Juntti, Kalle J. Korhonen and Liisa Leino -
be re-elected for a further term of office lasting from the 2008 Annual General
Meeting until the close of the 2009 Annual General Meeting. 

The Nomination Committee further proposes that Mr Jukka Viinanen and Mr Reino
Hanhinen continue as chairman and deputy chairman of the Board of Directors
respectively. 

Moreover, the Nomination Committee proposes that the candidates to elected as
members of the Board of Directors at the Annual General Meeting on 2 April 2008
be paid the following monthly fees: 

Chairman  EUR 5,600
Deputy chairman  EUR 3,500
Members  EUR 2,700

In addition to the above, Board members are paid an attendance fee of EUR 600
for Board of Directors' meetings and Board of Directors' committee meetings.
Travel expenses are reimbursed in accordance with the company's travel rules. 

The proposals above are included in the notice of the Annual General Meeting. 

Mr Markku Tapio, Senior Financial Counsellor, served as chairman of the
Nomination Committee, Mr Matti Vuoria, President and CEO, and Mr Jussi
Laitinen, Chief Investment Officer, are members. Chairman of Rautaruukki's
Board of Directors, Mr Jukka Viinanen, served as the Committee's expert member. 


Rautaruukki Corporation

Further information is available from Mr Markku Tapio, Senior Financial
Counsellor, Prime Minister's Office, Ownership Steering Department, tel. +358
(0)9 1602 3012 


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 14,700 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 

DISTRIBUTION 
OMX Nordic Exchange Helsinki 
Main media
www.ruukki.com