Rautaruukki Oyj Press release 19 August 2008 RAUTARUUKKI TO INVEST EUR 12 MILLION IN STEEL SERVICE CENTRES Rautaruukki is to centralise steel service centre operations and to reorganise the division of work between the units. The service centres in Naantali and Järvenpää in Finland and in Halmstad in Sweden will specialise to further improve their delivery accuracy, cost-effectiveness and profitability. Investments totalling EUR 12 million in the service centres will be made as a result of the reorganisation. Delivery capacity of the Naantali service centre will be increased by a new slitting line for special products. This will strengthen Ruukki's capacity to deliver high-strength and colour-coated steels in particular. The Järvenpää service centre will focus on stainless steel and aluminium products and the Halmstad service centre in Sweden will increase its own cutting of carbon steels instead of partly contracting. -Steel service centres play an extensive role in our supply chain, providing various prefabrication services and further processing Ruukki's products to customer requirements. Unit specialisation will ensure we offer an effective, diverse range of services to meet the needs of even the most demanding customers,” states Olavi Huhtala, President, Ruukki Metals. Ruukki has steel service centres in Finland, Sweden, Poland and Russia, as well as a number of product stocks across Europe. For further information, please contact: Olavi Huhtala, President, Ruukki Metals, tel. +358 20 59 29157 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 25 countries and employs 14,990 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