Rautaruukki Oyj Press release 23 May 2008 RAUTARUUKKI TO BOOST THE OPERATIONS OF ITS ENGINEERING DIVISION Ruukki Engineering, Rautaruukki's engineering division, is to boost its operations by reorganisation and removing overlaps at the group, division and unit level. In this context, the division will initiate employer-employee negotiations concerning senior salaried employees in its Tampere, Hämeenlinna and Helsinki units. It is estimated 25 jobs will be affected. A total of 60 senior salaried employees work in the units subject to the negotiations. Efforts will be made to find jobs in Ruukki's other units for the persons affected. These actions are part of Ruukki Engineering's profitability improvement programme aimed at improving the division's operating profit by EUR 20 million during the current year. For further information, please contact: Tommi Matomäki, President, Ruukki Engineering, tel. +358 20 592 8809 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems, and integrated solutions 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 3.9 billion euros. 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 JAKELU: OMX Pohjoismainen Pörssi, Helsinki Keskeiset tiedotusvälineet www.ruukki.com