Rautaruukki Corporation Stock Exchange Release 16 February 2009 at 9.00 Subscription of Rautaruukki's shares with warrants Between 17 and 31 December 2008, a total of 9,466 Rautaruukki Oyj shares were subscribed with the warrants based on the 2003 bond loan with warrants. The share capital has been increased by EUR 16,092.20 accordingly. The increase in share capital has been registered in the Trade Register on 16 February 2009. The new shares will provide shareholder's rights starting from the date of registration 16 February 2009. It is estimated that the shares will be subject to public trading, together with the existing Rautaruukki shares (RTRKS), on the NASDAQ OMX Helsinki as of the following day. After the increase, the share capital of Rautaruukki will be EUR 238,450,406.50 and the total number of shares 140,264,945. This number includes the treasury shares held by the company. The final increase in share capital based on the 2003 bond loan with warrants will take place in June 2009, when the new shares subscribed by 23 May 2009 will be registered. The subscription period for shares under the 2003 bond loan with warrants ends on 23 May 2009. For further information, please contact: Tiina Bäckman, VP, Legal, tel. +358 20 592 9068 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 14,300 people. Net sales in 2008 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