Rautaruukki Oyj Press release 21 February 2008 UNLAWFUL STRIKE AT RAUTARUUKKI'S RAAHE WORKS Employees belonging to a trade union branch at Rautaruukki's Raahe Works in Finland started a strike at 10am this morning. According to information received by the employer, workers on the day shift will return to work at 7am on Monday 25 February and shiftworkers at 6am on Saturday 22 February. The workers have stated wage disputes as the reason for the strike. The strike has stopped hot-rolling until Saturday morning. Steel production is running at half capacity. Despite the strike, all functions essential to the personnel, processes and environmental safety are being maintained. The workers' action is contrary to the commitment to industrial peace in the valid collective bargaining agreement. On 20 February, the Labour Court judged the trade union branch's threat to call a strike on 21 February as unlawful and ordered the branch to pay the Federation of Finnish Technology Industries compensatory damages for breaking the commitment to industrial peace. For further information, please contact: Sakari Kallo, Vice President, hot-rolled plate and strip products, Ruukki Production, tel. +358 20 592 2210 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and mechanical engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki since 2004. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com