Rautaruukki Oyj Stock Exchange Announcement 1.11.2007 at 10.20 SUBSIDIARY MERGED INTO RAUTARUUKKI CORPORATION The merger of Rautaruukki Corporation´s Finnish subsidiary Teräsportti Oy (real estate company) has been entered in the Trade Register on 1 November 2007. The assets and liabilities of the company have been merged into Rautaruukki Corporation. The action was part of simplifying the Group structure. Further information: Tiina Bäckman, VP, Legal Tel. +358 20 592 9068 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations 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 24 countries and employs 14,500 people. Net sales in 2006 totalled EUR 3.7 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com