Corporate Governance

Rautaruukki Corporation is a Finnish limited company and the responsibilities and obligations of its management bodies are provided by the law of Finland, the company’s Articles of Association and the principles of corporate governance determined by the company’s Board of Directors.

Rautaruukki has published a Corporate Governance Statement in accordance with Recommendation 54 of the Finnish Corporate Governance Code 2010 and with Chapter 2, Section 6 of the Securities Markets Act.

Corporate governance and decision-making at Rautaruukki are in compliance with the Finnish Limited Liability Companies Act, other similar legislation, other rules applying to listed companies, the company’s Articles of Association and rules and regulations applying to listed companies issued by NASDAQ OMX Helsinki Ltd. (Helsinki Exchange) and the Financial Supervisory Authority (FINFSA). In addition, Rautaruukki complies with the Finnish Corporate Governance Code 2010 published by the Securities Market Association.

An unofficial English translation of the Finnish Corporate Governance Code may be viewed on the Securities Market Association website at www.cgfinland.fi.