RAUTE CORPORATION NEWS RELEASE 30 July 2008 at 10.00 am PRESIDENT OF RAUTE CORPORATION'S SUBSIDIARY MECANO GROUP OY CHANGES The President of Mecano Group Oy, the Kajaani based Raute's fully owned subsidiary concentrating on machine vision and measuring technology, Mr. Pasi Kenola has resigned on 29 July 2008. Mr. Kenola has held the President's position since December 2005. As part of the ongoing project within Raute Group with the target clarify the Group structure as well as boost operational efficiency, a process of merging Mecano Group Oy to Raute Corporation has been started. As of 30 July 2008, Ms. Arja Hakala, CFO of Raute Group, has been appointed President of Mecano Group Oy for the merger period. The merger has no effect on Mecano's product offering, customer service or personnel. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile phone +358 400 814 148 Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293, mobile phone +358 400 710 387 RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2007 were EUR 111 million and the number of personnel 570. More information on the company can be found at www.raute.com. DISTRIBUTION: OMX Nordic Exchange, Helsinki, main media, www.raute.com