Notice of the Annual General Meeting of Rautaruukki Corporation on 14 March 2012

Rautaruukki Corporation Stock Exchange Release 1 February 2012 at 9.30 EET

Notice is given to the shareholders of Rautaruukki Corporation that the Annual
General Meeting this year will be held on Wednesday 14 March 2012 at 2pm in the
Congress Wing of the Helsinki Exhibition and Convention Centre, Messuaukio
1, 00520 Helsinki, Finland. The reception of persons who have registered to
attend the meeting and the distribution of voting slips will commence at 1pm.
Coffee will be served after the meeting.

A. Matters on the agenda of the ANNUAL General Meeting

The Annual General Meeting will transact the following business:

1. Opening of the Meeting

2. Calling the Meeting to order

3. Election of persons to scrutinise the minutes and to supervise the counting
of votes

4. Recording the legality of the Meeting

5. Recording the attendance at the Meeting and adoption of the list of votes

6. Presentation of the annual accounts, the report of the Board of Directors and
the Auditor's report for 2011

CEO's review

7. Adoption of the parent company and consolidated annual accounts

8. Resolution on the use of the profit shown on the balance sheet and the
payment of dividend

The Board of Directors proposes on the basis of the adopted balance sheet for
2011 the payment of a dividend of EUR 0.50 per share. The dividend will be paid
to shareholders entered as shareholder, at the dividend payment record date 19
March 2012, in the company's shareholder register maintained by Euroclear
Finland Ltd. The Board of Directors proposes that the dividend be paid on 28
March 2012.

9. Resolution on the discharge of the members of the Board of Directors and the
CEO from liability

10. Resolution on the remuneration of the members of the Board of Directors

The Nomination Board proposes that the Chairman of the Board of Directors
receives an annual fee of EUR 72,000, the Deputy Chairman EUR 44,000 and members
EUR 34,000 together with an attendance fee of EUR 600 including Board of
Directors' committee meetings. The Nomination Board proposes that 40 per cent of
the annual fee be paid in the form of Rautaruukki Oyj shares purchased from the
market. The shares will be purchased within two weeks of the publication of the
company's interim report for the first quarter of 2012. The Nomination Board
considers that increasing the long-term shareholding of Board members will
benefit all shareholders.



11. Resolution on the number of members of the Board of Directors

The Nomination Board proposes that the number of members of the Board of
Directors remains unchanged at seven.

12. Election of members of the Board of Directors

The Nomination Board proposes that the current members of the Board of Directors
Pertti Korhonen, Liisa Leino, Matti Lievonen, Hannu Ryöppönen and Jaana Tuominen
be re-elected for a further term of office lasting one year from the 2012 Annual
General Meeting until the close of the 2013 Annual General Meeting. The
Nomination Board proposes the election of President and CEO Kim Gran and CFO
Saila Miettinen-Lähde as new members of the Board of Directors. Furthermore, the
Nomination Board proposes that Kim Gran be elected as Chairman of the Board of
Directors and that Hannu Ryöppönen be re-elected as Deputy Chairman.

13. Resolution on the remuneration of the auditor

The Board of Directors proposes that the auditor be paid a remuneration based on
invoice approved by the company.

14. Election of auditor

Based on the recommendation of the Audit Committee, the Board of Directors
proposes that the audit firm KPMG Oy Ab be re-elected as the company's auditor.

15. Authorising the Board of Directors to decide on the acquisition of the
company's own shares

The Board of Directors proposes that the Annual General Meeting grants the Board
the authority to acquire a maximum of 12,000,000 of the company's own shares,
using the company's unrestricted equity, at fair value at the date of
acquisition, which shall be the prevailing market price in public trading on
NASDAQ OMX Helsinki Ltd. The shares can be acquired in a proportion not pro rata
to shareholders' holdings (targeted acquisition). The proposed authority
supersedes the authority to acquire 12,000,000 shares granted by the Annual
General Meeting of 23 March 2011 and which now expires. It is proposed that the
authority be valid until the following Annual General Meeting.

16. Proposal by Solidium Oy to establish a Nomination Board at the Annual
General Meeting

Solidium Oy proposes that a Nomination Board be established to prepare proposals
for the following Annual General Meeting regarding the composition of the Board
of Directors and directors' fees. The Nomination Board is to comprise of three
largest shareholders or a representative from each of the three largest
shareholders and the Chairman of the Board of Directors, who is elected to the
Nomination Board as an expert member. The right to elect members to the
Nomination Board to represent shareholders is vested in the three shareholders
who are registered on 1 October 2012 on the company's shareholder register
maintained by Euroclear Finland Ltd and who according to this register have the
largest share of the votes conveyed by all the company's shares. The Chairman of
the Board of Directors convenes the Nomination Board, which elects a chairman
from among its members. The Nomination Board will present its proposal to the
company's Board of Directors by no later than 1 February preceding the Annual
General Meeting.

17. Closing of the Meeting

B. DocumentS of the General Meeting

The proposals for the decisions on the matters on the agenda of the General
Meeting as well as this Notice are available on Rautaruukki Corporation's
website at www.ruukki.com. The annual accounts, the report of the Board of
Directors and the auditor's report of Rautaruukki Corporation, are available on
the above-mentioned website no later than 22 February 2012. The proposals for
decisions and the other above-mentioned documents are also available at the
meeting. Copies of these documents and of this notice will be sent to
shareholders upon request. The minutes of the meeting will be available on the
above-mentioned website as of 28 March 2012.

C. Instructions for THE pARTICIPANTS IN the General Meeting

1. Shareholders registered in the shareholders' register

Each shareholder who is registered on Friday 2 March 2012 in the shareholders'
register of the company held by Euroclear Finland Ltd has the right to
participate in the Annual General Meeting. A shareholder, whose shares are
registered on his/her personal Finnish book-entry account, is registered in the
shareholders' register of the company.

A shareholder, who is registered in the shareholders' register of the company
and who wishes to participate in the Annual General Meeting, must register
his/her intent to do so by no later than 4pm (EET) on Friday 9 March 2012. Such
notice can be given:

  * on the company's website www.ruukki.com/AGM-2012;
  * by email yhtiokokous@ruukki.com;
  * by telephone +358 10 804 430 between 8am and 6pm (EET), Monday to Friday;
  * by telefax +358 20 592 9104; or
  * by regular mail to Rautaruukki Corporation, Annual General Meeting, PO Box
    138, FI-00811 Helsinki.
In connection with the registration, a shareholder must notify his/her name,
personal identification number, telephone number and the name of a possible
assistant or proxy representative and the personal identification number of a
proxy representative. The personal data given to Rautaruukki Corporation is only
used in connection with the Annual General Meeting and with the processing of
related registrations.

2. Holders of nominee registered shares

A holder of nominee registered shares has the right to participate in the Annual
General Meeting by virtue of such shares, based on which he/she on the record
date of the Annual General Meeting, i.e. on Friday 2 March 2012, would be
entitled to be registered in the shareholders' register of the company held by
Euroclear Finland Ltd. The right to participate in the Annual General Meeting
requires, in addition, that the shareholder on the basis of such shares has been
registered in the temporary shareholders' register held by Euroclear Finland
Ltd, at the latest by 10am (EET) on 9 March 2012. As regards nominee registered
shares this constitutes due registration for the Annual General Meeting.

A holder of nominee registered shares is advised to request without delay
necessary instructions regarding the registration in the temporary shareholders'
register of the company, the issuing of proxy documents and registration for the
Annual General Meeting from his/her custodian bank. The account management
organization of the custodian bank will register a holder of nominee registered
shares, who wants to participate in the Annual General Meeting, into the
temporary shareholders' register of the company at the latest by the time stated
above.

Further information on these matters can also be found on the company's website
www.ruukki.com/AGM-2012.

3. Proxy representative and powers of attorney

A shareholder may participate in the Annual General Meeting and exercise his/her
rights at the Meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise in a
reliable manner demonstrate his/her right to represent the shareholder at the
Annual General Meeting. When a shareholder participates in the Annual General
Meeting by means of several proxy representatives representing the shareholder
with shares at different securities accounts, the shares by which each proxy
representative represents the shareholder shall be identified in connection with
the registration for the Annual General Meeting.

Proxy documents should be delivered in originals to Rautaruukki Corporation,
Annual General Meeting, PO Box 138, FI-00811 Helsinki before the last date of
registration.

4. Other instructions and information

Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies
Act, a shareholder who is present at the Annual General Meeting has the right to
request information with respect to the matters to be considered at the Meeting.

On the date of this Notice to the Annual General Meeting, 31 January 2012, the
total number of shares in Rautaruukki Corporation and votes represented by such
shares is 140,285,425 shares.

Finnish and English versions of Rautaruukki Corporation's Annual Accounts 2011
will be published on the company's website by no later than 22 February 2012.
Printed copies of the accounts may be ordered by calling +358 20 592 9260 on
weekdays between 8am and 4pm (EET), by email at annualreport@ruukki.com or
online at www.ruukki.com.

Helsinki, 31 January 2012

RAUTARUUKKI CORPORATION

Board of Directors



Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

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 some 30 countries and
employs around 11,800 people. Net sales in 2011 totalled around EUR 2.8 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


[HUG#1581668]