Subscription of Rautaruukki's shares with warrants

Rautaruukki Oyj Stock Exchange Release 2 October 2008 at 14.30

Between 27 June and 11 September 2008, a total of 14 101 Rautaruukki
Oyj shares were subscribed with the warrants based on the 2003 bond
loan with warrants. The share capital has been increased by EUR
23,971.70 accordingly. The increase in share capital has been
registered in the Trade Register on 2 October 2008.


The new shares will provide shareholder's rights starting from the
date of registration 2 October 2008. It is estimated that the shares
will be subject to public trading, together with the existing
Rautaruukki shares (RTRKS), on the OMX Nordic Exchange Helsinki as of
the following day.

After the increase, the share capital of Rautaruukki will be EUR
238,390,029.30 and the total number of shares 140,229,429. 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 December 2008, when the new shares
subscribed by 26 November 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 25 countries and employs 14,990 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 uses the marketing name Ruukki.

www.ruukki.com

DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com