Rautaruukki Oyj Stock exchange release 12 November 2007 at 15.35 RAUTARUUKKI´S NOMINATION COMMITTEE APPOINTED Rautaruukki's Annual General Meeting decided on 20 March 2007 to establish a Nomination Committee to prepare a proposal concerning the composition and remuneration of the Board of Directors to be elected at the following Annual General Meeting. The Nomination Committee consists of representatives of the three largest shareholders as of 1 November 2007, together with the Chairman of the Board of Directors as an expert member. Rautaruukki's three largest shareholders as at 1 November 2007 were the State of Finland, Ilmarinen Mutual Pension Insurance Company and Varma Mutual Pension Insurance Company. These shareholders have chosen their representatives on Rautaruukki's Nomination Committee: Mr Markku Tapio, Senior Financial Counsellor, Prime Minister's Office, Mr Jussi Laitinen, Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company and Mr Matti Vuoria, President and CEO, Varma Mutual Pension Insurance Company. The Chairman of Rautaruukki's Board of Directors, Mr Jukka Viinanen, serves as the Committee's expert member. The Nomination Committee is to prepare by 1 February 2008 its proposal for Rautaruukki's next Annual General Meeting, which will take place on 2 April 2008. 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 DISTRIBTION: OMX Nordic Exchange Helsinki Main media www.ruukki.com