Rautaruukki Oyj Stock Exchange Release 28 March 2008, at 13.05 RAUTARUUKKI CORPORATION - TRANSFER OF SHARES HELD BY THE COMPANY Pursuant to the decision of the company's Board of Directors, Rautaruukki Corporation has today transferred a total of 11,594 shares held by the company to the persons participating in the Group's Share Ownership Plan. After the transfer, Rautaruukki holds 1,465,343 shares of the company. The shares have been transferred as the share part of the bonus payable for the 2007 earning period under the Share Ownership Plan 2004 for the Group's management and key persons. For further information, please contact: 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 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 uses the marketing name Ruukki. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com