RAUTE CORPORATION STOCK EXCHANGE RELEASE 20 May 2009 at 3 p.m. RAUTE SIGNS A CONTRACT WITH CHINESE INVESTORS TO DELIVER VENEER MILL MACHINERY TO RUSSIA Raute Corporation has signed a contract worth about EUR 8 million with the Chinese-Russian investment company Henda-Siberia Co LTD to deliver the machinery of a new veneer mill to be built in the Tomsk region in Russia. The contract comprises a log handling line, a peeling line, and a veneer drying and grading line. The contract is estimated to become effective in June 2009. The machinery deliveries will take place in late 2009 and early 2010. Henda-Siberia Co LTD is a Russian company owned by Yantai Northwest Forestry Co., Ltd. and the Chinese Investment Promotion Agency of Yantai Economic and Technological Development Area. The new veneer mill will be part of a large wood processing project, Tomsk Industry Garden, realized in cooperation by the Chinese central government and Henda-Siberia Co LTD. This signed contract, once becoming effective, does not have any impact on the previously announced estimate on Raute's 2009 net sales to decline clearly from the previous year and operating profit to be negative. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Mr. Tapani Kiiski, President and CEO, Raute Corporation, mobile +358 400 814 148 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
RAUTE SIGNS A CONTRACT WITH CHINESE INVESTORS TO DELIVER VENEER MILL MACHINERY TO RUSSIA
| Source: Raute Oyj