Rautaruukki Oyj Stock exchange release 31 January 2008 PROPOSALS OF THE NOMINATION COMMITTEE REGARDING THE COMPOSITION AND REMUNERATION OF RAUTARUUKKI'S BOARD OF DIRECTORS The shareholders' Nomination Committee of Rautaruukki has decided to propose to the Annual General Meeting convening on 2 April 2008 that the number of Board members remains unchanged at eight. Furthermore, the Committee also proposes that all the present members of the Board of Directors - Jukka Viinanen, Maarit Aarni-Sirviö, Reino Hanhinen, Jukka Härmälä, Christer Granskog, Pirkko Juntti, Kalle J. Korhonen and Liisa Leino - be re-elected for a further term of office lasting from the 2008 Annual General Meeting until the close of the 2009 Annual General Meeting. The Nomination Committee further proposes that Mr Jukka Viinanen and Mr Reino Hanhinen continue as chairman and deputy chairman of the Board of Directors respectively. Moreover, the Nomination Committee proposes that the candidates to elected as members of the Board of Directors at the Annual General Meeting on 2 April 2008 be paid the following monthly fees: Chairman EUR 5,600 Deputy chairman EUR 3,500 Members EUR 2,700 In addition to the above, Board members are paid an attendance fee of EUR 600 for Board of Directors' meetings and Board of Directors' committee meetings. Travel expenses are reimbursed in accordance with the company's travel rules. The proposals above are included in the notice of the Annual General Meeting. Mr Markku Tapio, Senior Financial Counsellor, served as chairman of the Nomination Committee, Mr Matti Vuoria, President and CEO, and Mr Jussi Laitinen, Chief Investment Officer, are members. Chairman of Rautaruukki's Board of Directors, Mr Jukka Viinanen, served as the Committee's expert member. Rautaruukki Corporation Further information is available from Mr Markku Tapio, Senior Financial Counsellor, Prime Minister's Office, Ownership Steering Department, tel. +358 (0)9 1602 3012 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
PROPOSALS OF THE NOMINATION COMMITTEE REGARDING THE COMPOSITION AND REMUNERATION OF RAUTARUUKKI'S BOARD OF DIRECTORS
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