Proposal on the board composition by the Nomination Committee of Rautaruukki

Rautaruukki Oyj Stock Exchange Release 31 Jan 2006 at 15.25

 

The Shareholders' Nomination Committee of Rautaruukki proposes to the Annual General Meeting to be held on 23 March 2006, that six members will be elected to the Board in addition to Chairman and Vice Chairman.

 

The committee proposes that Mr Jukka Viinanen be re-elected to continue as Chairman, Mr Georg Ehrnrooth as Vice Chairman and the present members of the Board Mr Christer Granskog, Ms Pirkko Juntti, Ms Maarit Aarni, Mr Kalle J. Korhonen and Ms Kiuru Schalin as members of the Board until the end of the following Annual General Meeting. Furthermore, it is proposed that Mr Reino Hanhinen, Chairman, Board of Directors, YIT Corporation is elected as new member of the Board for the same one-year term.

 

The committee proposes that the monthly remuneration to the members of the Board

is as follows:

 

                        Monthly fee, EUR        Meeting fee, EUR    

                                                                    

 Chairman                           4 000                            500                 

 Deputy Chairman               2 700                            500                 

 Other Board Members       2 200                            500                 

 

 

For further information, please contact:

 

Markku Tapio, Chairman of the Shareholders' Nomination Committee,

tel. +358 9 1606 3598

 

 

Rautaruukki Corporation

 

Taina Kyllönen

VP, Corporate Communications

 

 

Ruukki supplies metal-based components, systems and turnkey deliveries to the

construction and mechanical engineering industries. The company has a wide

selection of metal products and services. Ruukki has operations in 23 countries

and employs 12,000 people. Net sales in 2004 totalled EUR 3.6 billion. The

company's share is quoted on the Helsinki Exchanges (Rautaruukki Corporation:

RTRKS).

 

 

DISTRIBUTION

Helsinki Exchanges

Principal Media

www.ruukki.com