Rautaruukki Oyj Stock exchange release 2 June 2008 at 14.50 COMPETITION AUTHORITY APPROVAL FOR RAUTARUUKKI'S SALE OF CARL FROH GMBH The German competition authorities have approved the transaction agreed on 30 April 2008, whereby Rautaruukki Corporation sells its precision tube and automotive component processing unit, Carl Froh GmbH, to the German company Arques Industries AG. The transaction closes on 2 June 2008. The transaction supports Ruukki's strategy, whereby Ruukki Metals' focus in the Central and Southern European markets is on special products. For further information, please contact: Mikko Hietanen, CFO, tel. +358 20 592 9030 Olavi Huhtala, President, Ruukki Metals, tel. +358 20 592 9157 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