Rautaruukki Oyj Stock exchange release 13 December 2007 at 14.45 CHANGES IN RAUTARUUKKI'S MANAGEMENT Tommi Matomäki (40) MSc (Tech) has been appointed President of Ruukki Engineering division and a member of the Corporate Management Board with effect from 1 January 2008. Matomäki joins Rautaruukki from Technip Offshore Finland Oy, which makes hulls for oil-drilling platforms, where he has been Managing Director since 2003. Before his present position, Matomäki held various posts in engineering management at Metso Works Oy and Pori Works Oy. “Ruukki Engineering division is growing strongly as a result of new customers and geographical expansion and the company has significantly strengthened its position as a supplier of systems and components to the engineering industry. Tommi Matomäki brings with him a broad range of expertise in engineering management. He also has previous experience of Ruukki's customer sectors from the offshore and wind energy industries. Matomäki's experience of international business provides an excellent boost for our strategy of becoming one of Europe's leading solutions suppliers to the engineering industry,” says Sakari Tamminen, President & CEO of Rautaruukki Corporation. Matomäki will report to President & CEO Sakari Tamminen. Markku Koljonen (56) BSc (Eng) has been appointed Chief Technology Officer at Rautaruukki with effect from 1 January 2008. Koljonen is currently President of Ruukki Engineering division and has served the company since 1989. “Markku Koljonen has been responsible for the construction and engineering businesses at Rautaruukki and will consequently bring with him an even greater customer perspective to technological development within the company. We aim to make our technological development even much more driven by the market and customer needs. Our solutions businesses - construction and engineering - are accounting for a growing share of Rautaruukki's business. This in turn highlights the importance of customer-driven innovations and technologies,” says Sakari Tamminen. Koljonen will be a member of the Extended Management Board and report to President & CEO Sakari Tamminen. Peter Sandvik (54) DSc (Tech) has been appointed Senior Vice President, Environment, Energy and Community Relations with effect from 1 January 2008. He is currently Senior Vice President, Technology at Rautaruukki and has served the company since 1983. Sandvik will continue to be a member of the Extended Management Board and continues to report to President & CEO Sakari Tamminen. For further information, please contact: Sakari Tamminen, President & CEO, Rautaruukki Corporation, tel. +358 20 592 9075 Tommi Matomäki, President, Ruukki Engineering (from 1 January 2008), tel. +358 40 841 9525 The image of Tommi Matomäki is available at: http://www.datahotelli.com/ruukki_mediakit/mediaKit.jsp?id=4039743&type=search Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,700 people. Net sales in 2006 totalled EUR 3.7 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com