Rautaruukki participating in Fennovoima's nucle...

Rautaruukki Corporation Stock exchange release 26 February 2014 at 9am EET

Rautaruukki participating in Fennovoima's nuclear power project

Rautaruukki has today confirmed to Voimaosakeyhtiö SF its binding commitment to participate in Fennovoima's Hanhikivi 1 nuclear power plant project. Rautaruukki's share of the output of the plant's nominal capacity is estimated to be around 40 MW. Over the following 10 years, Rautaruukki will invest around EUR 60 million in the project. Most of the investment will be back loaded.

Rautaruukki's involvement in the project is one way the company can spread purchases of the electricity needed in steel production. The company seeks to ensure a long-term supply of competitive, steadily-priced, carbon-dioxide-free electricity.

Fennovoima's Hanhikivi 1 nuclear power plant is to be built in Pyhäjoki, Northern Ostrobothnia. The power plant is scheduled to enter commercial service in 2024.

For more information, please contact:
Toni Hemminki, Chief Strategy Officer, Rautaruukki Corporation, tel. [phone]

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with energy-efficient steel solutions for better living, working and moving. We have around 8,600 employees and an extensive distribution and dealer network across some 30 countries including the Nordic countries, Russia and elsewhere in Europe and the emerging markets, such as India, China and South America. Net sales in 2013 totalled €2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com

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www.ruukki.com

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Source: Rautaruukki Oyj via Globenewswire

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