Raute Corporation's Annual General Meeting confirmed on 21 March 2007 the Financial Statements for 1 January to 31 December 2006 and discharged the members of the Board of Directors and President and CEO from liability. The Annual General Meeting decided according to the proposal of the Board of Directors to distribute the dividend EUR 0.70 per share be paid for A and K shares, with the payment date April 2, 2007. The record date is March 26, 2006. The Annual General Meeting re-elected the company's Board of Directors for the next term of office ending at the Annual General Meeting in 2008. Raute Corporation's Board of Directors consists of following persons: Mr. Jarmo Rytilahti, M.Sc.(Econ.), Chairman of the Board, Ms. Sinikka Mustakallio, Researcher, Vice-Chairman, and Board members: Mr. Mika Mustakallio, M.Sc. (Econ.) Mr. Panu Mustakallio, M.Sc.(Eng), Mr. Pekka Paasikivi, B.Sc.(Eng) and Mr. Jorma Wiitakorpi, M.Sc.(Eng). Ms. Anna-Maija Simola (Authorized Public Accountant)and Mr. Antti Unkuri (Authorized Public Accountant) were elected as auditors and Ernst&Young Oy, as deputy auditor. The Annual General Meeting decided that the remuneration to the Chairman of the Board continues to be 36,000 euros and to the Vice Chairman of the Board and Board members 18,000 euros for the term of office. The Board members' travelling expenses are compensated according to the company's travel policy. Board of Directors' proposal to authorize the Board to decide on the repurchase of shares The Annual General Meeting decided to authorize the Board to decide on the repurchase of a maximum of 400,000 Raute Corporation series A shares using assets from the company's non-restricted equity, which would lead to a decrease in the company's distributable assets. The number of shares is less than ten percent (10%) of the company's overall shares. The authorization would entitle the Board to acquire the company's series A shares to be used for the development of the company's capital structure, as consideration for funding or carrying out any acquisitions or other arrangements, or to be otherwise disposed of or cancelled. The purchase consideration paid for shares purchased by virtue of the authorization shall be based on the price of the series A share in public trading so that the minimum price of acquired shares is the lowest market price quoted in public trading during the term of validity of the authorization and the maximum price, correspondingly, the highest market price quoted in public trading during the term of validity of the authorization. The authorization includes the right to acquire shares otherwise than in proportion to the holdings of the shareholders. This can take place, for example, by acquiring shares in public trading on marketplaces whose rules and regulations allow a company to repurchase shares. The company must have important financial reasons to acquire shares in public trading as explained above or otherwise than in proportion to the holdings of the shareholders. A Series K share can be converted to a series A share in compliance with section 3 of Raute Corporation's Articles of Association. The Board of Directors will decide on the other conditions related to share repurchases. The authorization is effective until the end of the next Annual General Meeting. Authorization of the Board of Directors to decide on a directed issue of Raute Corporation's series A shares The Annual General Meeting decided to authorize the Board to decide on a directed issue of Raute Corporation's series A shares, as well as on all of the related conditions, including the recipients and the sum of consideration to be paid. The Board of Directors may decide to issue either new shares or company shares held by Raute. The maximum number of shares issued is 400,000 series A shares. The authorization is effective until the end of the next Annual General Meeting. As proposed, the authorization will be used to fund or carry out acquisitions or other arrangements or for other purposes decided by the Board of Directors. RAUTE CORPORATION Board of Directors FURTHER INFORMATION: Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile +358 400 814 148 Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile +358 400 710 387 RAUTE IN BRIEF Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is the world market leader as a supplier of mill-scale projects to these customer industries. The full-service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investment. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada and in Jyväskylä and Kajaani, Finland. Net sales in 2006 were EUR 106 million and the number of personnel 540. More information about the company can be found at www.raute.com. DISTRIBUTION: Helsinki Stock Exchanges, main media, www.raute.com