SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Rautaruukki Oyj      Stock Exchange Release        15 Feb 2007 at 12.30

SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS

Between 19.12.2006 and 29.12.2006 a total of 115,922 Rautaruukki shares have been
subscribed with the warrants based on the bond loan with warrants 2003. The share
capital has been increased by 197,067.40 euros due to the subscriptions. The
increase of the share capital has been registered at the Trade Register on 15
February 2007.

The new shares will provide the shareholder's rights starting from the date of
registration 15 February 2007. The estimation is that the shares will be subject
to public trading at the Helsinki Stock Exchange with the old Rautaruukki shares
(RTRKS) as of 16 February 2007.

After the increase the share capital of Rautaruukki shall be 238,124,678.00 euros
and the total number of shares 140,073,340. 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 June 2007 when the new shares subscribed by 6 June 2007 will
be registered.


Further information:
Tiina Bäckman, Corporate General Counsel, 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

DISTRIBUTION
Helsinki Exchanges
Principal Media
www.ruukki.com