Rautaruukki
RAUTARUUKKI SELLS ITS GERMAN PRECISION TUBE UNIT
Rautaruukki / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rautaruukki Oyj Stock exchange release 30 April 2008 at 13.30 RAUTARUUKKI SELLS ITS GERMAN PRECISION TUBE UNIT Rautaruukki is selling its German precision tube and automotive component processing unit Carl Froh GmbH to the German company Arques Industries AG. Carl Froh GmbH is based in Sundern, Germany and had net sales of EUR 58 million in 2007. The company employed around 200 people at year-end 2007. This transaction is part of Ruukki's strategy, whereby Ruukki Metals focuses on special products in the Central and Southern European markets. Carl Froh is not part of Ruukki's core business and acquires almost all of its raw material from outside suppliers. Rautaruukki will recognise a loss during the second quarter of around EUR 6 million on the transaction. The transaction will have a positive impact of about EUR 16 million on Rautaruukki's cash flow. Completion of the transaction requires final regulatory clearance from the German authorities. The transaction is expected to be closed in May-June 2008. Arques Industries AG is an investment company and listed on the Frankfurt Stock Exchange. For further information, please contact: Mikko Hietanen, CFO, tel. +358 20 529 9030 Olavi Huhtala, President, Ruukki Metals, tel. + 358 20 59 29157 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 24 countries and employs 14,600 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. www.ruukki.com DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.ruukki.com 30.04.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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