Stock Exchange release 10 December 2008 at 16.30 Rautaruukki to acquire Lithuanian steel frame company Rautaruukki Corporation has signed an agreement to acquire the entire share capital of the Lithuanian steel constructor Gensina from its private owners. Gensina is active within the production and assembly of steel frames. The company's customers are international and local investors and construction firms in Lithuania. Established in 1997, Gensina has some 82 employees and its net sales in 2007 were some EUR 9 million euros. “With its strong market presence in Lithuania, the company we are acquiring will strengthen Ruukki's foothold in the Baltic construction market. The transaction will not only further Ruukki's frame and envelope project business both in Lithuania and the other two Baltic states, but also strengthen Ruukki's manufacturing network serving the Baltic states,” says Saku Sipola, President of Ruukki Construction." The parties have agreed not to disclose the transaction price. Subject to the approval of the regulatory authorities, the transaction is expected to be finalised by the end of 2008. For further information, please contact: Guntis Dūks, Baltic Sales Director, Ruukki Construction, tel: +371 67 04 4930, guntis.duks@ruukki.com 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. DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com