As from 6 November 2000, Jarmo Tonteri (48) has been appointed Managing Director of the long steel producer Fundia AB. Jarmo Tonteri is currently Managing Director of Gasell AB, which is a part of Rautaruukki's Steel Structure Division. Fundia AB's present Managing Director Juha Järvelä will take on special assignments in the Group management of Rautaruukki.

For further information please contact:

Rautaruukki OYJ
Addr. PL 860, P.O.Box 860 FIN-00101 Helsinki, Finland
Attn. Mikko Kivimäki, President and CEO, and Esko Lukkari, VP, Corporate Communications
Tel. +358 9 417 711
Fax. +358 9 4177 6324
Email.
www. http://www.rautaruukki.fi