RAUTE CORPORATION STOCK EXCHANGE RELEASE 2 April 2008 at 08.00 pm RAUTE CORPORATION'S ANNUAL GENERAL MEETING Raute Corporation's Annual General Meeting confirmed on 2 April 2008 the Financial Statements for 1 January to 31 December 2007 and discharged the members of the Board of Directors and President and CEO from liability. The Annual General Meeting decided according to the proposal of the Board of Directors to distribute the dividend EUR 1.00 per share be paid for A and K shares, with the payment date April 14, 2008. The record date is April 7, 2008. The Annual General Meeting elected the Board of Directors for the next term of office ending at the Annual General Meeting in 2009. Mr. Jarmo Rytilahti, Chairman of the Board of Directors, Ms. Sinikka Mustakallio, Vice Chairman of the Board of Directors and Mr. Ilpo Helander, Mr. Mika Mustakallio, Mr. Panu Mustakallio, and Mr. Jorma Wiitakorpi members of the Board of Directors. Ms. Anna-Maija Simola (Authorized Public Accountant)and Mr. Antti Unkuri (Authorized Public Accountant) were re-elected as auditors. The auditing company Ernst & Young Oy was re-elected as the deputy auditor. The Annual General Meeting decided that the remuneration to the Chairman of the Board is 40,000 euros and to the Vice Chairman of the Board and Board members 20,000 euros for the term of office. The Board members' travelling expenses are compensated according to the company's travel policy. Board of Directors' proposal to authorize the Board to decide on the repurchase of shares The Annual General Meeting decided to authorize the Board to decide on the repurchase of a maximum of 400,000 Raute Corporation series A shares using assets from the company's non-restricted equity, which would lead to a decrease in the company's distributable assets. The number of shares is less than ten percent (10%) of the company's overall shares. The authorization would entitle the Board to acquire the company's series A shares to be used for the development of the company's capital structure, as consideration for funding or carrying out any acquisitions or other arrangements, or to be otherwise disposed of or cancelled. The purchase consideration paid for shares purchased by virtue of the authorization shall be based on the price of the series A share in public trading so that the minimum price of acquired shares is the lowest market price quoted in public trading during the term of validity of the authorization and the maximum price, correspondingly, the highest market price quoted in public trading during the term of validity of the authorization. The authorization includes the right to acquire shares otherwise than in proportion to the holdings of the shareholders. This can take place, for example, by acquiring shares in public trading on marketplaces whose rules and regulations allow a company to repurchase shares. The company must have important financial reasons to acquire shares in public trading as explained above or otherwise than in proportion to the holdings of the shareholders. A Series K share can be converted to a series A share in compliance with section 3 of Raute Corporation's Articles of Association. The Board of Directors will decide on the other conditions related to share repurchases. The authorization is effective until the end of the next Annual General Meeting, or or at least until 31 May 2009. Authorization of the Board of Directors to decide on a directed issue of Raute Corporation's series A shares The Annual General Meeting decided to authorize the Board to decide on a directed issue of Raute Corporation's series A shares, as well as on all of the related conditions, including the recipients and the sum of consideration to be paid. The Board of Directors may decide to issue either new shares or company shares held by Raute. The maximum number of shares issued is 400,000 series A shares. The authorization is effective until the end of the next Annual General Meeting. As proposed, the authorization will be used to fund or carry out acquisitions or other arrangements or for other purposes decided by the Board of Directors. RAUTE CORPORATION Board of Directors FURTHER INFORMATION: Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile +358 400 814 148 Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile +358 400 710 387 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 one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. 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 Jyväskylä and Kajaani, Finland. Net sales in 2007 were EUR 111 million and the number of personnel 570. More information on the company can be found at www.raute.com. DISTRIBUTION: OMX Nordic Exchange, Helsinki, main media, www.raute.com