Ruukki Group Oyj - Changes board/management/auditors

RUUKKI GROUP PLC'S BOARD AND MANAGEMENT IS BEING STRENGTHENED

Ruukki Group Plc's shareholders, representing 36.0% of shares, has put forward a
motion that the company's extraordinary general meeting, to be held on 12 June  
2007 would strengthen the company's board by nominating new board members. M.Sc.
Eng., teollisuusneuvos (honorary title granted by the President of Finland) Timo
Poranen and M.Sc. Econ. Arno Pelkonen, have been nominated as candidates for new
ordinary board members, and they have given their consent. According to the     
proposal, Mikko Haapanen, Markku Kankaala, Matti Lainema, Kai Mäkelä, Matti     
Vikkula and Ahti Vilppula would continue as board members. Timo Honkala and     
Fredrik Danielsson will renounce their board membership at the same time.       

Timo Poranen has previously been CEO of Metsäteollisuus ry - Finnish Forest     
Industries, Metsä-Serla Oyj and Metsä-Botnia Oy.                                

Arno Pelkonen is Partner at Primaca Partners Oy. Previously he has held the     
positions of Senior Vice President, Strategy and Emerging Markets and SVP,      
Forest Products at Stora Enso Oyj.                                              

Ruukki Group Plc's board has nominated M.Sc. Econ. Matti Vilkkula the CEO of    
Ruukki Group Plc. He will start at the latest in the beginning of September     
2007. At present, Matti Vilkkula is a member of Elisa Oyj's management team and 
responsible for Consumers and Small Enterprise Customers line of business. He   
will continue his post as member and Chairman of the Board until taking on the  
role of CEO, after which a present member of the board, Dr of Econ. Sc. Matti   
Lainema will accept the position of Chairman of the Board.                      

Ruukki Group Plc's present CEO Antti Kivimaa will stay in his post until Matti  
Vikkula starts, after which he will act as Matti Vikkula's deputy as well as    
will be responsible for the main Ruukki Group operations in Finland, the        
development of their ownership values and possible exit projects.               

”Ruukki Group is in a significant development stage. We are focusing on refining
wood raw materials and utilising opportunities in Russia. Strengthening the     
management and board will improve our chances to implement our chosen strategy  
with success,” Vice-Chairman of the Board, Kai Mäkelä states. “In addition, with
other key person recruitments we will ensure the determined realisation of      
sawmill and pulp industry investments,” Mäkelä continues.                       

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

Ruukki Group is a multi-sector industrial group having mainly majority ownership
interests in various small and medium-sized companies in e.g. house building,   
sawmilling                                                                      
business, furniture business and care services. Ruukki Group share (RUG1V) is   
listed on OMX Nordic Exchange's so-called small cap category.                   

For further information, please contact:                                        

Matti Vikkula                                                                   
Chairman of the Board                                                           
Ruukki Group Plc                                                                
Telephone +358 45 670 0606                                                      
www.ruukkigroup.fi                                                              

Kai Mäkelä                                                                      
Vice Chairman of the Board                                                      
Ruukki Group Plc                                                                
Telephone +358 400 503 142                                                      
www.ruukkigroup.fi