Rautaruukki joins major wind power project

Press release 24 October 2008

Rautaruukki has become a shareholder in wind power company Rajakiiri
Oy, which plans to build two wind farms in Finland. Plans are already
well advanced for a wind farm in Tornio in the north of Finland.
There are plans to site the other wind farm near Ruukki's Raahe Works
in an area indicated in the regional plan. If the plans go ahead, the
500 MW wind farm in Raahe would be one of the largest in Finland.


"We're pleased to promote emission-free energy sources such as wind
power, which does not cause carbon dioxide emissions during
operation. Our company is also engaged in the construction of cleaner
energy by delivering plates, flanges and components to the wind power
industry and by playing a part in the development of cost-effective
windmill towers," says Toni Hemminki, Vice President, Energy and
Environment, from Ruukki.

Rajakiiri Oy's earlier shareholders are Outokumpu Corporation,
Katternö Kraft Oy and Etelä-Pohjanmaan Voima Oy. A decision whether
or not to go ahead with the wind farms will be made after the permit
processes and technical studies have been completed.

For further information, please contact: Toni Hemminki, Vice
President, Energy and Environment, tel. [phone].


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 26 countries and employs 15,000 people. Net sales in
2007 totalled EUR 3.9 billion. The company's share is quoted on
NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses
the marketing name Ruukki.

www.ruukki.com


This announcement was originally distributed by Hugin. The issuer is 
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