Subscription of Rautaruukki's shares with warrants

Rautaruukki Corporation Stock Exchange Release 17 December 2008 at
9.00

Between 2 October and 26 November 2008, a total of 26,050 Rautaruukki
Oyj shares were subscribed with the warrants based on the 2003 bond
loan with warrants. The share capital has been increased by EUR
44,285.00 accordingly. The increase in share capital was registered
in the Trade Register on 17 December 2008.


The new shares will provide shareholder's rights starting from the
date of registration, 17 December 2008. It is estimated that the
shares will be subject to public trading, together with the existing
Rautaruukki shares (RTRKS), on NASDAQ OMX Helsinki as of the
following day.

After the increase, the share capital of Rautaruukki will be EUR
238,434,314.30 and the total number of shares 140,255,479.00. This
number includes the shares held by the company.

The next increase in share capital based on the 2003 bond loan with
warrants will take place in February 2009, when the new shares
subscribed by 31st December 2008 will be registered.

For further information, please contact:
Tiina Bäckman, VP, Legal, tel. [phone]


Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investor Relations

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.


DISTRIBUTION
NASDAQ OMX Helsinki
Main media
www.ruukki.com


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.