Rautaruukki Oyj Press release 14 February 2008 RUUKKI PROVIDES STEEL FRAMEWORK TO ELEVATE SKI SLOPE IN RUSSIA Rautaruukki has delivered the steel framework for a project to elevate a ski slope in the village of Kvan, near Kaluga, some 190 km southwest of Moscow. Ruukki's delivery included design and construction of a 108-metre long and 45.7-metre wide artificial slope that will merge smoothly into natural slope downstream. The artificial elevation will be 20 metres high and there are plans to build a restaurant, hotel and some office buildings underneath the construction. The structure of this facility was designed, manufactured and delivered by Ruukki Construction's Obninsk unit in Russia. Ruukki's part of the work lasted three months and construction of the Kvan alpine skiing centre is expected to be completed in February 2008. -We have been working together with Ruukki for a long time already and we've always been satisfied with their quality and lead times. Ruukki's individual approach to each project and maximum attention to our requests makes it a good partner, states M. Sargsyan, Director General of the project owner CJSC Kaluga Glavsbitstroi. -Although we have a lot of experience in the construction of various sports facilities, this was the first time we had done anything like this. In the next few months, alpine skiing enthusiasts will be able to judge the true value of the new complex, says Sergey Chernyshev, Sales Director, Eastern Europe, Ruukki Construction. Other sports projects where Ruukki has been involved in include the design and production of structures for the Ice Arena in Moscow and the Svetlana Khorkina Sports Complex at Belgorod State University in Russia. For further information, please contact: Sergey Chernyshev, Vice President Sales, Eastern Europe, Ruukki Construction Tel. +7 812 346 6969 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 14,600 people. Net sales in 2007 totalled EUR 3.9 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