Rautaruukki Oyj Stock exchange release 13 Feb 2007 at 14.00 RAUTARUUKKI TO ACQUIRE NORWEGIAN STEEL BRIDGE SUPPLIER SCANBRIDGE Rautaruukki Corporation is to strengthen its position as a supplier of steel structures for bridges in the Nordic countries through acquisition of the entire share capital of the Norwegian company Scanbridge AS from its private owners. The debt-free purchase price is around EUR 6.4 million. The transaction is expected to be closed during the spring 2007, if approved by the competition authorities. Scanbridge is the leading supplier of load-bearing steel bridge structures in Scandinavia and specialises in total deliveries for large steel bridges. The acquisition will complement Ruukki's expertise, particularly in the manufacture and installation of bridge structures. Scanbridge also manufactures components for the offshore industry, which will bolster Ruukki's own offshore business. Scanbridge had net sales of around EUR 9 million in 2006. The company employs 75 people. "The acquisition of Scanbridge increases the share of the solutions business of our overall operations. In construction, the acquisition will strengthen Ruukki's expertise as a supplier of total bridge deliveries from materials and design all the way to installation," explains Saku Sipola, President, Ruukki Construction. "Extensive expertise in foundations and load-bearing steel structures will enable us to provide more competitive solutions to our Nordic customers. The acquisition will also give us a competitive edge in bridge construction in other markets, too," notes Sami Eronen, Senior Vice President, Infrastructure Construction. Further information: Mr Saku Sipola, President, Ruukki Construction tel. +358 20 592 8979 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 DISTRIBUTION Helsinki Exchanges Principal Media www.ruukki.com
RAUTARUUKKI TO ACQUIRE NORWEGIAN STEEL BRIDGE SUPPLIER SCANBRIDGE
| Source: Rautaruukki