Notification under Chapter 2, Section 10 of the...

Rautaruukki Corporation Stock exchange release 12 December 2008 at
11.45

The Finnish State and Solidium Oy (Business ID number 0866693-1) give
notification of the following arrangement that will result in the
Finnish State's shareholding in Rautaruukki Corporation falling below
the threshold provided for by Chapter 2, Section 9 of the Finnish
Securities Markets Act and Solidium Oy's ownership exceeding that
threshold:


On 11 December 2008, the Finnish State transferred, as a capital
contribution under the Limited Liability Companies Act, all the
Rautaruukki Corporation shares it owns to Solidium Oy, which is owned
entirely by the Finnish State. As a result of the transfer, the
Finnish State no longer has any shareholding in Rautaruukki
Corporation. On 17 October 2008, the Finnish Financial Supervision
Authority (FIN-FSA) granted an exemption to Solidium Oy under Chapter
6, Section 15 of the Finnish Securities Markets Act. The exemption
entered into legal force on 3 December 2008.

The number of Rautaruukki Corporation shares and percentage of all
Rautaruukki Corporation shares transferred to Solidium Oy is as
follows: Solidium Oy owns 55,656,699 Rautaruukki Corporation shares,
which equates to 36.69 per cent of Rautaruukki's share capital and
votes.

The Finnish State's shareholding in Rautaruukki Corporation has
decreased to 0 per cent of Rautaruukki Corporation's shares and
votes.

Target company: Rautaruukki Corporation (Business ID number
0113276-9)
Date of change in shareholdings: 11 December 2008.

As at 30 November 2008, Rautaruukki Corporation's registered share
capital comprises 140,229,429 shares.


Rautaruukki Corporation

Anne Pirilä
SVP, 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.