RAUTE CORPORATION STOCK EXCHANGE RELEASE 1 April 2010 at 9.00 a.m. RAUTE CORPORATION'S BOARD OF DIRECTORS' INDEPENDENCE AND BOARD COMMITTEES The Board of Directors elected by Raute Corporation's Annual General Meeting on 31 March 2010 has held its organizational meeting. Based on the evaluation of independence, Chairman of the Board, Mr. Erkki Pehu-Lehtonen, and members Mr. Risto Hautamäki, Mr. Ilpo Helander, Mr. Mika Mustakallio, and Mr. Pekka Suominen are independent of the company. Vice-Chairman of the Board, Ms. Sinikka Mustakallio, who has been Chairman of Raute Corporation's Supervisory Board 1996-1998 and member of the Board of Directors since 1998, is dependent of the company. Chairman of the Board, Mr. Erkki Pehu-Lehtonen, and two of the Board members, Mr. Ilpo Helander and Mr. Risto Hautamäki, are independent of major shareholders. Raute Corporation's Board of Directors has an Appointments Committee and a Working Committee. Mr. Erkki Pehu-Lehtonen is Chairman of the Appointments Committee, and Ms. Sinikka Mustakallio and Mr. Ville Korhonen, a representative selected by and from among the major shareholders, are its members. Mr. Erkki Pehu-Lehtonen is Chairman of the Working Committee, and Ms. Sinikka Mustakallio and Mr. Risto Hautamäki are its members. The Audit Committee's tasks are handled by the Board of Directors. According to the plan, the Board of Directors will convene nine times during the term of office which commenced on 31 March 2010 and will hold additional meetings if necessary. RAUTE CORPORATION Erkki Pehu-Lehtonen Chairman of the Board FURTHER INFORMATION: Mr. Erkki Pehu-Lehtonen, Chairman of the Board, mobile +358 400 468 084 Ms. Arja Hakala, Secretary of the Board of Directors, tel. +358 3 829 3293, mobile +358 400 710 387 DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. Raute is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office is located in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Kajaani, Finland. Raute's net sales declined significantly due to the difficult market situation in 2009 and equaled EUR 36.6 million. The number of personnel at the end of 2009 was 524. More information on the company can be found at: www.raute.com.