Rautaruukki - Corporate Action

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Rautaruukki Oyj	Stock Exchange Release	28 June 2007 at 9.45

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Between 15 April 2007 and 6 June 2007 a total of 99.644 Rautaruukki shares have
been subscribed with the warrants based on the bond loan with warrants 2003.
The share capital has been increased by 169,394.80 euros due to the
subscriptions. The increase in share capital has been registered in the Trade
Register on 28 June 2007. 

The new shares will provide shareholder's rights starting from the date of
registration 28 June 2007. The shares are expected to be subject to public
trading on the Helsinki Stock Exchange with the old Rautaruukki shares 
(RTRKS) as of the following day.

After the increase the share capital of Rautaruukki will be 238,294,072.80
euros and the total number of shares 140,172,984. This number includes the
shares held by the company. 

The next increase in share capital based on the bond loan with warrants 2003
will take place in August 2007 when the new shares subscribed by 8 August 2007
are 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 13,000 people. Net sales in 2006 totalled EUR 3.7 billion.
The company's share is quoted on the Helsinki Exchanges (Rautaruukki Oyj:
RTRKS). The Corporation has used the marketing name Ruukki since 2004. 

www.ruukki.com

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www.ruukki.com