RAUTARUUKKI STRENGTHENS ITS POSITION AS A SUPPLIER OF LHT EQUIPMENT THROUGH ACQUISITION OF APRÍTÓGÉPGYÁR ZRT. IN HUNGARY

Rautaruukki Oyj        Stock Exchange Release    23 April 2007 at 10.15

RAUTARUUKKI STRENGTHENS ITS POSITION AS A SUPPLIER OF LHT EQUIPMENT THROUGH
ACQUISITION OF APRÍTÓGÉPGYÁR ZRT. IN HUNGARY 

Rautaruukki Corporation has signed an agreement to acquire a majority holding
in Hungarian company Aprítógépgyár Zrt. (AGJ) from the Hungarian sellers. The
transaction still requires the approval of the competition authorities. The
transaction is expected to be closed during May. 

AGJ's core business is the manufacture of components, such as booms, for use in
earth-moving machinery and materials handling equipment; and production of
heavy machinery. The company has three units located in Jászberény and Hatvan
in Hungary. AGJ's net sales in 2006 were around EUR 43 million. Most of the net
sales come from exports to leading Western European customers. AGJ has about
740 employees. 

”Acquisition of AGJ supports implementation of our growth strategy in the
lifting, handling and transportation equipment (LHT) customer segment. The
acquisition will also benefit us in the form of new customers and business
potential, as well as add to our manufacturing network in Central Eastern
Europe,” says Markku Koljonen, President, Ruukki Engineering. 

Further information is available from:
Mr Markku Koljonen, President, Ruukki Engineering, tel. +358 20 592 9105


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

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