Rautaruukki Corporation Stock exchange release 31 October 2008 at 16:00 Rautaruukki won arbitration proceedings initiated by Boliden The Arbitral Tribunal has dismissed all claims by the Swedish company Boliden Commercial AB against Rautaruukki. Furthermore, the Arbitral Tribunal orders Boliden to compensate Rautaruukki's legal costs in full. The dispute concerned the premium components in the price of the zinc bought by Rautaruukki. Boliden demanded a price differential payment of around USD 17 million (EUR 13 million) from Rautaruukki. For further information, please contact: Olli Huuskonen, General 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 15,000 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. www.ruukki.com DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com