Rautaruukki - Corporate Action

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Rautaruukki Oyj	   Stock Exchange Release	26 June 2008 at 9.00

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Between 15 April and 5 June 2008, a total of 5,550 Rautaruukki shares were
subscribed with the warrants based on the 2003 bond loan with warrants. The
share capital has been increased by 9,435.00 euros accordingly. The increase in
share capital has been registered in the Trade Register on 26 June 2008. 

The new shares will provide shareholder's rights starting from the date of
registration 26 June 2008. It is estimated that the shares will be subject to
public trading, together with the existing Rautaruukki shares (RTRKS), on the
OMX Nordic Exchange Helsinki as of the following day. 

After the increase, the share capital of Rautaruukki will be 238,366,057.60
euros and the total number of shares 140,215,328. This number includes the
shares held by the company. 

The next increase in share capital based on the 2003 bond loan with warrants
will take place in September 2008, when the new shares subscribed by 11
September 2008 will be registered. 


For further information, please contact: 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. 


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