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Rautaruukki Oyj (HEL:RTRKS) Impact On Personnel Will Become Clear After Rautaruukki's employer-employee Negotiations

Rautaruukki Oyj (HEL:RTRKS) Rautaruukki Corporation Stock exchange release 4 December 2008 at 13:15

Owing to inaccurate public information appearing today, Rautaruukki refers to its stock exchange release dated 1 December 2008: In the context of adjustment and efficiency measures, the company is to start employer-employee negotiations about possible lay-offs, redundancies and part-time working in different market areas. All impacts on the personnel will become clear after these employer-employee negotiations have ended. Negotiation proposals have been given and a start will be made next week on negotiations in the various units.

Ruukki Production has about 4,000 workers in Finland that, in accordance with the employer-employee negotiation scheme, come within these negotiations.

For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075

For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075 Mikko Hietanen, CFO, tel.+358 20 592 9030

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. www.ruukki.com

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.

Rautaruukki Oyj

http://www.ruukki.com

ISIN: FI0009003552

Stock Identifier: XHEL.RTRKS

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Rautaruukki Oyj

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