Payment of Rautaruukki Oyj treasury shares based on the share-based incentive plan 2011-2013

Rautaruukki Corporation  Stock exchange release 24 April 2012 at 9.30am EEST

On 23 April 2012, Rautaruukki's Board of Directors confirmed the bonus for 2011
for the first earning period in the share-based incentive scheme 2011-2013 as
11.5 per cent of the maximum bonus payable. Of the total bonus, 50 per cent will
be paid in the form of shares and the remainder in cash for the payment of taxes
and fiscal charges. The Board of Directors has resolved to transfer, without
consideration, to the bonus recipients 30,984 of the treasury shares held by the
company as the share element of the bonus.

During the 2011 earning period, there were 89 executives or other key employees
who will receive the bonus. The shares will be transferred on 24 April 2012.

In December 2010, Rautaruukki's Board of Directors decided on a share-based
incentive plan as part of a commitment and incentive programme for key
personnel. The plan includes three earning periods, which are the calendar years
2011, 2012 and 2013. Furthermore, the plan includes one three-year earning
period, 2011-2013. Payment of a bonus is contingent on achieving the financial
targets set.

Any shares received on the basis of the share-based incentive plan must be held
for a lock up period of at least three years after the end of the earning
period. However, members of the Corporate Executive Board must hold shares also
after the lock-up period such that the total value of his or her shareholding
corresponds to the value of his or her gross annual salary. Such number of
shares must be held for as long as his or her employment or service in a group
company continues.

Rautaruukki has had share ownership plans for management and key employees as
long-term performance incentive plans since 2000.

For further information, please contact:
Eija Hakakari, SVP, Human Resources, tel. +358 20 592 9267

Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com

Ruukki provides its customers with energy-efficient steel solutions for better
living, working and moving. Ruukki operates in some 30 countries and employs
around 11,800 people. Net sales in 2011 totalled EUR 2.8 billion. The company's
share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS).





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