Composition of Rautaruukki's Nomination Board

The representatives notified by the company's three largest shareholders have been elected to Rautaruukki's Nomination Board. The representatives are: Kari Järvinen, Managing Director, Solidium Oy; Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, Executive Vice-President, Investments, Varma Mutual Pension Insurance Company. Reino Hanhinen, Chairman of Rautaruukki's Board of Directors, serves as the Nomination Board's expert member.

Rautaruukki's 2011 Annual General Meeting held on 23 March 2011 resolved to establish a Nomination Board to prepare proposals for the following Annual General Meeting regarding the composition of the Board of Directors and the directors' fees. Under the resolution, representatives of the three largest shareholders at 1 October 2011 are elected to the Nomination Board and the Chairman of the Board of Directors would serve as the expert member. Rautaruukki's three largest shareholders at 1 October 2011 were Solidium Oy, Ilmarinen Mutual Pension Insurance Company and Varma Mutual Pension Insurance Company.

Rautaruukki Oyj, Helsinki