Rautaruukki Oyj Press release 23.1.2008 RAUTARUUKKI TO SUPPLY AIRPORT BUILDING STRUCTURES FOR ROSNEFT IN RUSSIA Rautaruukki and the largest Russian oil company Rosneft have signed an agreement about delivery of building structures to the reconstruction and expansion project of Igarka airport. The airport is located close to Rosneft's Vankor oil and gas field project in Krasnoyarsk Region. Ruukki supplies steel frame, sandwich panels, roofing structures as well as windows and gates for seven buildings. The complex will include buildings for passengers and utilities, a waiting hall, a hangar, a garage-parking unit and a warehouse. The prefabricated building components and structures will be produced at Ruukki's factory in Obninsk, Kaluga Region. The deliveries start in January and will continue for three months. -We have successfully supplied structures for large building projects in Franz Josef Land and in the Island of Sakhalin”, explains Sergey Chernishev, Vice President, Sales, Eastern Europe from Ruukki Construction. “We have also long experience in designing and producing structures for airports. Our delivery will enable Rosneft to implement its plans quickly, and provide a first class airport. -The shortest delivery time together with the high quality of finished structures offered by Ruukki, were our crucial criteria in supplier selection. Furthermore, Ruukki has an extensive record of manufacturing and delivering building structures for harsh climate conditions, says Damir Kashapov, Chief of the material support team of the Vankor project. The Igarka airport complex will act as helicopter transhipment point for workers to the Vankor oil and gas field project. When the activities on the field are completed, the airport will be used for normal traffic. For further information, please contact: Sergey Chernishev, Vice President, Sales, Eastern Europe, Ruukki Construction Tel. +7 812 346 6969, +7 48438 60064 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 14,700 people. Net sales in 2006 totalled EUR 3.7 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