Rautaruukki to acquire Norwegian steel frame co...

Rautaruukki Corporation Stock exchange release 8 Jan 2009 at 13:00

Rautaruukki is to strengthen its position in steel construction in
the Nordic countries through acquisition of the entire share capital
of the Norwegian company Skalles Eiendomsselskap AS from its private
owners. Skalles Mek Verksted AS, a fully-owned subsidiary of Skalles
Eiendomsselskap AS, is one of Norway's leading steel frame suppliers
for industrial and commercial premises.


Skalles' total deliveries include the design, manufacture and
installation of steel structures. The company's net sales for 2008
are estimated to be around EUR 15 million. Established in 1950,
Skalles is located in Fredrikstad, to the south of Oslo, and
currently has some 50 employees.

"The acquisition will strengthen Ruukki's market position in the
Nordic countries and particularly in Norwegian steel construction.
Skalles' business complements Ruukki's customer base and product
offering. Acquisition of Skalles will further Ruukki's aim of
becoming a local actor in the steel frame business and will create a
platform to further strengthen our market position," says Saku
Sipola, President, Ruukki Construction.

The parties have agreed not to disclose the transaction price. The
transaction is subject to the approval of the regulatory authorities
and is expected to be finalised during February 2009.

For further information, please contact: Jouni Metsämäki, Senior Vice
President, Northern and Eastern Europe, Ruukki Construction, +358 20
59 29114


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.


DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com


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