Rautaruukki Oyj Stock exchange release 29 January 2008 at 13.00 RAUTARUUKKI TO BUILD A NEW SANDWICH PANEL PLANT IN FINLAND Rautaruukki is to strengthen its delivery capability for the commercial and industrial construction market by establishing a new sandwich element plant at Alajärvi, Finland. Starting production in autumn 2009, the new facility will broaden the range of sandwich panels and improve the capability for integrated system deliveries. The EUR 20-million investment will incorporate a new 10,000 m2 production plant, which will replace the existing sandwich panel production line at Alajärvi and almost double Ruukki's sandwich panel production in Finland to more than 2 million m2. The new plant will also mean a significant improvement in production efficiency and safety at work. The investment is subject to a decision concerning properties relating to the project to be made by Alajärvi town council at its meeting on 18 February 2008. “We aim to meet all customer expectations in terms of capacity, speed and reliability of deliveries. This investment will improve our customer service particularly in the Nordic countries and Baltics. Shorter delivery times and a greater product range will strengthen our competitive edge as a supplier of integrated systems in frame and envelope structures for the construction of commercial, industrial, logistics premises and sports complexes,” says Jouni Metsämäki, Senior Vice President for Northern and Eastern Europe at Ruukki Construction. In addition to the Alajärvi Works, Ruukki has sandwich panel production lines in Poland and Russia. Furthermore, production of sandwich panels will start in plants under construction in Romania and Ukraine during 2008. A new sandwich panel production line is planned also at Obninsk Works in Russia and will start up in late 2009. For further information, please contact: Jouni Metsämäki, SVP, Northern and Eastern Europe, Ruukki Construction Tel. +358 20 592 9114 Saku Sipola, President, Ruukki Construction Tel: +358 2059 28979 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 14,700 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