Rautaruukki Oyj Stock Exchange Release 14.2.2008 SUBSCRIPTION OF RAUTARUUKKI'S SHARES WITH WARRANTS Between 20 December 2007 and 31 December 2008 a total of 11,650 Rautaruukki shares have been subscribed with the warrants based on the bond loan with warrants 2003. The share capital has been increased by 19,805.00 euros due to the subscriptions. The increase of the share capital has been registered at the Trade Register on 14 February 2008. The new shares will provide the shareholder's rights starting from the date of registration 14 February 2008. The estimation is that the shares will be subject to public trading at the OMX Nordic Exchange Helsinki with the old Rautaruukki shares (RTRKS) as of the following day. After the increase the share capital of Rautaruukki shall be 238,356,622.60 euros and the total number of shares 140,209,778. This number includes the shares held by the company. The next increase of share capital based on the bond loan with warrants 2003 shall take place in June 2008 when the new shares subscribed by 5 June 2008 will be registered. Further information: 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 mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com