NOTICE TO RAUTARUUKKI CORPORATION OF EXEMPTION DECISION BY THE FINNISH FINANCIAL SUPERVISION AUTHORITY

Rautaruukki Corporation  Stock exchange release 21 October 2008 at 17:15

NOTICE TO RAUTARUUKKI CORPORATION OF EXEMPTION DECISION BY THE FINNISH
FINANCIAL SUPERVISION AUTHORITY 

The State of Finland and Solidium Oy have notified Rautaruukki Corporation of 
an exemption issued by the Finnish Financial Supervision Authority (FIN-FSA) on
21 October 2008. The decision applies to an exemption, pursuant to Chapter 6 of
the Securities Markets Act, granted to Solidium Oy from the obligation to
launch a bid to other shareholders of Rautaruukki Corporation when the number
of Rautaruukki Oyj shares to be transferred to Solidium exceeds three tenths of
the total number of shares issued. 

The Finnish government has decided to propose to the Parliament of Finland that
the state's shares in eight non-strategic listed companies are transferred as a
capital contribution to Solidium Oy, a company wholly owned by the State of
Finland. The shares to be transferred include all the 55,656,699 Rautaruukki
Oyj shares, 39.69 per cent of all the shares issued, owned by the state. 


For further information, please contact: 
Olli Huuskonen, Legal Counsel, tel +358 40 501 9149


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 26 countries and
employs 14,990 people. Net sales in 2007 totalled EUR 3.9 billion. The
company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The
Corporation uses the marketing name Ruukki. 

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com