Rautaruukki's new financial targets and net sales by division

Rautaruukki has defined its financial targets and has made a proforma
calculation of 2003 net sales by division according to the new business
model.

Financial targets

Target for the return on capital employed (ROCE) for the next three years
is 12% and the strategic target is 15%.

Target for the operating profit for the next three years is 5-7% of
turnover and strategic target is over 7%. Gearing target is 70-80%.

Proforma net sales 2003 by division according to the new business model

Division                   Net sales         Share of net sales

Metal Products               1808 m€            61 %
Construction Solutions        354 m€            12 %
Engineering Solutions         264 m€             9 %
Metal Fabrication Solutions   206 m€             7 %
Fundia Wire                   252 m€             9 %
Other units                    69 m€             2 %


Dividend Policy

Rautaruukki follows a competitive and stable dividend policy, which also
takes into account the Group's earnings trend and the need to strengthen
the company's equity ratio.


Rautaruukki Oyj

Esko Lukkari, VP
(Stock Exchange and Financial Communications, Media relations)

ADDITIONAL INFORMATION
Sakari Tamminen, President & CEO, tel. +358 9 417 711

DISTRIBUTION
Helsinki Exchages
Principal Media
www.rautaruukki.com


Rautaruukki produces total solutions for the construction, mechanical
engineering and metal fabrication industries. The group has a wide
selection of products and services for metal products. Rautaruukki is a
listed company that manufactures products in 17 European countries and
employs nearly 13,000 people. The group has a turnover of some EUR 3
billion.