Subscription of Rautaruukki's shares with warrants

Rautaruukki Corporation Stock Exchange Release 16 February 2009 at
9.00

Between 17 and 31 December 2008, a total of 9,466 Rautaruukki Oyj
shares were subscribed with the warrants based on the 2003 bond loan
with warrants. The share capital has been increased by EUR 16,092.20
accordingly. The increase in share capital has been registered in the
Trade Register on 16 February 2009.


The new shares will provide shareholder's rights starting from the
date of registration 16 February 2009. It is estimated that the
shares will be subject to public trading, together with the existing
Rautaruukki shares (RTRKS), on the NASDAQ OMX Helsinki as of the
following day.

After the increase, the share capital of Rautaruukki will be EUR
238,450,406.50 and the total number of shares 140,264,945. This
number includes the treasury shares held by the company.

The final increase in share capital based on the 2003 bond loan with
warrants will take place in June 2009, when the new shares subscribed
by 23 May 2009 will be registered. The subscription period for shares
under the 2003 bond loan with warrants ends on 23 May 2009.


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 26 countries and employs 14,300 people. Net sales in
2008 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.