RAUTE CORPORATION STOCK EXCHANGE RELEASE 2 April 2009 at 8.00 p.m. RAUTE CORPORATION'S BOARD OF DIRECTORS' INDEPENDENCE AND BOARD COMMITTEES The Board of Directors elected by Raute Corporation's Annual General Meeting on 2 April 2009 has held its organizational meeting. Based on the evaluation of independence, Chairman of the Board, Mr. Erkki Pehu-Lehtonen, Vice-Chairman, Ms. Sinikka Mustakallio, and members Mr. Risto Hautamäki, Mr. Ilpo Helander, Mr. Mika Mustakallio, and Mr. Panu Mustakallio are all independent of the company. Chairman of the Board, Mr. Erkki Pehu Lehtonen, and two of the Board members, Mr. Ilpo Helander and Mr. Risto Hautamäki, are independent of major shareholders. Raute Corporation's Board of Directors has an Appointments Committee and a Working Committee. Mr. Erkki Pehu-Lehtonen is Chairman of the Appointments Committee, and Ms. Sinikka Mustakallio and Mr. Ville Korhonen, a representative selected by and from among the major shareholders, are its members. Mr. Erkki Pehu-Lehtonen is Chairman of the Working Committee, and Ms. Sinikka Mustakallio and Mr. Risto Hautamäki are its members. The Audit Committee's tasks are handled by the Board of Directors. According to the plan, the Board of Directors will convene nine times during the term of office which commenced on 2 April 2009 and will hold additional meetings if necessary. RAUTE CORPORATION Erkki Pehu-Lehtonen Chairman of the Board FURTHER INFORMATION: Mr. Erkki Pehu-Lehtonen, mobile +358 400 468 084 RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008 were EUR 98.5 million and the number of personnel 573. More information on the company can be found at www.raute.com. DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com