Rautaruukki Oyj Stock Exchange Release 20 March 2007 TRANSFER OF RAUTARUUKKI'S OWN SHARES - SHARE BONUS SCHEME 2004 Rautaruukki's Board of Directors has today approved a bonus of 50 per cent of the maximum bonus for 2006, the second year-long performance period of the Group's share bonus scheme 2004. The Board has decided to transfer 84,000 K Shares held by the company gratuitously to the key personnel. This number of shares corresponds to the part of the total bonus payable as shares. Under the scheme, 60 per cent of the total bonus is payable in cash and 40 per cent in shares. The 2006 performance period covered 62 key executives or key personnel. The transfer date of the shares is 20 March 2007. In December 2004, the Board decided on a share bonus scheme as part of the Group's incentive and commitment programme for key personnel. The share bonus scheme consists of three one-year performance periods which are the years 2005, 2006 and 2007. Payment of a bonus is contingent on achieving the financial targets set, which are measured by the criteria of earnings per share (EPS) and return on capital employed (ROCE). Under the terms and conditions of the share bonus scheme, any shares received under the scheme must be held for at least two years after the end of the performance period. However, the President and CEO and members of the Management Group must retain any shares they have obtained through the scheme at least to the value of their annual gross salary for as long as the CEO's tenure as chief executive continues or the members serve in the Management Group. Subsequent to the above transfer, the company holds 1,701,381 of its own K Shares. 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 Main media www.ruukki.com