Rautaruukki Oyj Stock Exchange Release 20 June 2007 at 9.00 RAUTARUUKKI CONTINUES TO SIMPLIFY THE GROUP'S LEGAL STRUCTURE Rautaruukki Corporation's Board of Directors has approved the plan to merge the company's fully owned subsidiary Teräsportti Oy with the parent company. The Board of the subsidiary for its part decided on the merger on 19 June 2007. The subsidiary will be merged without paying any merger consideration and the aim is to complete the merger by 1 November 2007. The merger will simplify the Group structure. Further information: Tiina Bäckman, Vice President, Legal, 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