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Rautaruukki Oyj: Payment of Rautaruukki Oyj treasury shares based on the share-based incentive plan 2011-2013

Rautaruukki Corporation Stock exchange release 24 April 2014 at 9.15 EEST

Payment of Rautaruukki Oyj treasury shares based on the share-based incentive
plan 2011-2013

On 23 April 2014,
Rautaruukki's Board of Directors confirmed the bonus payable for the
three-year earning period under the share-based incentive plan 2011-2013 for
management and key employees as 16.9% of the maximum bonus payable. Of the
total bonus, 50 per cent will be paid in the form of shares and the remainder
in cash for the payment of taxes and fiscal charges. The Board of Directors
has resolved to transfer, without consideration, 40,900 of the treasury
shares held by the company to the bonus recipients as the share element of
the bonus.

During the three-year earning period, there were 92 company executives or
other key employees who will receive the bonus. The shares will be
transferred on 28 April 2014.

In December 2010, Rautaruukki's Board of Directors decided on a share-based
incentive plan as part of a commitment and incentive programme for key
personnel. The plan included three earning periods, which were the calendar
years 2011, 2012 and 2013. Furthermore, the plan included one three-year
earning period, 2011-2013. Payment of a bonus was contingent on achieving the
financial targets set. Under the terms and conditions of the share-based
incentive plan, key persons have the right to participate in a takeover bid
made and the lock-up clause will no longer apply to a key person accepting
the bid.

Rautaruukki has had share ownership plans for management and key employees as
long-term performance incentive plans since 2000.

For further information, please contact:
Sami Ärilä, SVP, Human Resources+358 20 592 9267

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with
energy-efficient steel solutions for better living, working and moving. We
have around 8,600 employees and an extensive distribution and dealer network
across some 30 countries including the Nordic countries, Russia and elsewhere
in Europe and the emerging markets, such as India, China and South America.
Net sales in 2013 totalled €2.4 billion. The company's share is quoted on
NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com

Main media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rautaruukki Oyj via Globenewswire


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