Ruukki Group Oyj - Company Announcement

RUUKKI GROUP SIGNS LETTER OF INTENT TO SELL FINNISH SAWMILL BUSINESS

07:00 London, 09:00 Helsinki, 31 January 2011 - Ruukki Group Plc, Stock
Exchange Release 

RUUKKI GROUP SIGNS LETTER OF INTENT TO SELL FINNISH SAWMILL BUSINESS

Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased
to announce it has signed a letter of intent to sell its 51 percent holding in
Junnikkala Oy to Junnikkala Oy's minority shareholders for a total
consideration of EUR 6 million. The signing of the definitive agreements is
subject to a number of conditions, including the availability of financing and
certain corporate approvals including those required for a related party
transaction. Ruukki anticipates that the signing of the definitive agreements
will take place by the end of March 2011. 

As previously disclosed, and following the disposal of the house building
business, Ruukki has been evaluating alternative structures for reorganising
its wood processing assets including its sawmill business. Ruukki has concluded
that the sawmill business is no longer a core business. 

RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director


For additional information, please contact:

Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 50 3495 687,
markus.kivimaki@ruukkigroup.fi 
Thomas Hoyer, CFO, +358 45 6700 491, thomas.hoyer@ruukkigroup.fi

Investec Bank Plc
Stephen Cooper, +44 20 7597 5104, stephen.cooper@investec.com

RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.comPeter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com


Ruukki Group is a natural resources company, with a mining and minerals
business in southern Europe and South Africa and a wood processing business in
Finland. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main
Market of the London Stock Exchange (RKKI). 
www.ruukkigroup.fi