Ruukki's and EPV Energy Ltd's joint venture company to buy Ruukki's power plant and invest around EUR 121 million in modernisation

Rautaruukki Corporation Stock exchange release 13 March 2014 at 9am EET

Ruukki's and EPV Energy Ltd's joint venture company to buy Ruukki's power plant
and invest around EUR 121 million in modernisation

Rautaruukki (Ruukki) and EPV Energy Ltd (EPV) have established a joint venture
company Raahen Voima Oy, which will buy Ruukki's existing power plant business
and invest around EUR 121 million in modernising the plant. Ruukki owns 75% of
the new company and EPV 25%.

Raahen Voima Oy is to buy Ruukki's existing power plant at the Raahe Works in
Finland for around EUR 16 million and will invest around EUR 121 million in
modernising it. When it comes on stream, the modernised power plant will replace
the technically obsolete equipment in the old power station and at the same time
improve the efficiency and environmental soundness of the plant. The intention
is to start up the modernised power plant in 2016.

The joint venture will pay for the power plant investment largely through debt
financing. Taking into account the selling price of the existing power plant,
Ruukki's net investment will be some EUR 10 million.

A total of 34 Raahe Works power plant employees will transfer to the new company
on 1 April 2014 on their current employment terms and conditions.

The Raahe Works own power plant currently generates around half of the
electricity used by the works. Most of the electricity is produced from the
works' own process gases. Besides being used for electricity production, the
heat and steam generated in the processes at the Raahe Works are used for
heating on the works site and as district heat for Raahe Energia. Raahen Voima
Oy will continue to sell district heat to Raahen Energia.

Established in 1952, EPV Energy is a Finnish energy company specialising in heat
and electricity production. EPV's basic task is to acquire cost-efficient
electricity for its owners. EPV concentrates on efficient management of the
power shares it owns, whilst also striving to continuously improve the
competitiveness of the energy supplied to its owners. The company supplies
approximately 4.7% of the total electricity consumed over the year in Finland.

For further information, please contact:
Toni Hemminki, Chief Strategy Officer, Rautaruukki Corporation, tel.
+358 20 592 9217



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

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


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