Rautaruukki Oyj (HEL:RTRKS) Press release 2 October 2008

Rautaruukki is supplying and installing steel superstructures for a railway bridge which is part of a harbour improvement project in Narvik, Norway. Delivery includes a railway bridge section totalling 500 metres in length over 11 underground silos. The contract is valued at about EUR 4 million.

The ongoing project, known as SILA, is a large renovation project being carried out by LKAB of Sweden to improve facilities at Narvik harbour in Norway. The project includes construction of a new storage and loading facilities with 11 underground silos for iron products. Because the ore stockpiling facility is being built underground, the harbour infrastructure is at the same time being adapted for efficient handling and to accommodate larger product volumes.

In this project, Ruukki is working very closely with its customer NCC Construction AS. "An ability to handle the combination of production and on-site installation was the factor that clinched the deal for Ruukki. Another factor in Ruukki's favour was the work quality and a delivery time schedule that has been strictly adhered to," states Per Nautvik, Quality Manager from NCC Construction AS.

Ruukki's deliveries and installation work will be ready by the end of this year and the whole project will be completed in September 2009. Ruukki's delivery consists of 1500 tonnes of steel structures, which were made in the units in Ylivieska Finland and Sandnessjøen Norway.

For further information, please contact: Sami Eronen, Senior Vice President, Infrastructure Construction, Ruukki Construction, tel. +358 40 557 8839

Rautaruukki supplies metal-based components, systems and total solutions to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 25 countries and employs 14,990 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 uses the marketing name Ruukki.

Rautaruukki Oyj

http://www.ruukki.com

ISIN: FI0009003552

Stock Identifier: XHEL.RTRKS

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