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2009-11-26 12:15:00 CET 2009-11-26 12:15:06 CET REGULATED INFORMATION Ruukki Group Oyj - Company AnnouncementKERMAS LIMITED GRANTED EXEMPTION FROM MANDATORY BID REQUIREMENT IN RELATION TO RUUKKI GROUP PLC SHARESRuukki Group Plc, Stock Exchange Release, 26 November 2009 at 1:15 p.m. KERMAS LIMITED GRANTED EXEMPTION FROM MANDATORY BID REQUIREMENT IN RELATION TO RUUKKI GROUP PLC SHARES Based on the information received from Kermas Limited, Finnish Financial Supervisory Authority (“FIN-FSA”) has granted Kermas Limited an exemption, based on the Securities Market Act, chapter 6 section 15, from the mandatory bid requirement in relation to Ruukki Group Plc (“Ruukki”) shares, based on the following conditions: - Kermas Limited does not use any voting power in any future shareholders' meetings to the extent that would be more than three seventh (3/7) of the net amount of Ruukki shares outstanding (excluding treasury shares) minus shares held by Kermas Limited; and - Kermas Limited does not acquire more Ruukki Group Plc shares or otherwise increase its voting rights in Ruukki; and - Kermas Limited commits to decrease its stake below 30%. This exemption is valid until 14 December 2009 by when Kermas Limited has to decrease its stake below 30% or alternatively publish a bid for all the remaining Ruukki Group shares. RUUKKI GROUP PLC Alwyn Smit Chief Executive Officer Ruukki Group is an industrial group focusing on minerals and wood processing businesses. Ruukki Group Plc's shares are listed on NASDAQ OMX Helsinki and traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chief Executive Officer Ruukki Group Plc Telephone +41 7960 19094 www.ruukkigroup.fi This stock exchange release is based on a translation into English of a document written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version of the release shall prevail. |
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