RAUTE TO DELIVER PLYWOOD TECHNOLOGY TO LATVIA Raute Corporation has received in August and November 2007 orders for plywood technology worth 14 million EUR from the Latvian company A/S Latvijas Finieris. The machine deliveries will take place in the summer and autumn of 2008. In August, Latvijas Finieris ordered all production lines for a new green veneer mill to be built in Ukmerge, Lithuania. To be further processed, the veneer produced with Raute machinery in Lithuania will be transported to Latvijas Finieris' mills in Latvia. In November, Latvijas Finieris ordered for its Lignums mill situated in Riga, Latvia, a mill modernization including several production lines. The investment targets in making the raw material handling more efficient and thus improve the raw material recovery and increase production efficiency and flexibility. The order also includes a rationalization plan for the conditioning process targeting significant improvement in energy efficiency. The received orders are part of a long-term development plan of Latvijas Finieris. The target of the plan is to make the company the globally leading birch plywood developer and producer. A/S Latvijas Finieris is a Latvian company specialized in the production of birch plywood. The products are sold on the global market. The company has 3 plywood mills in Latvia and it is one of the biggest birch plywood suppliers in Europe. All Latvijas Finieris' mills have the latest, high-performance production technology, most of which supplied by Raute. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Mr. Tapani Kiiski, President and CEO, Raute Corporation, +358 3 829 3560, mobile phone +358 400 814 148 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, in the Shanghai area of China, and in Iyväskylä and Kajaani, Finland. Net sales in 2006 were EUR 106 million and the number of personnel 540. More information on the company can be found at www.raute.com. DISTRIBUTION: Main media, www.raute.com