Ruukki Group Oyj - Company Announcement

RUUKKI GROUP PLC'S BOARD HAS DECIDED ON A DIRECTED SHARE ISSUE FOR FREE IN ORDER TO MOTIVATE AND SUPPORT THE COMMITMENT OF THE NEW CEO

Based on the authorisation granted by the annual general meeting on 20 April    
2007, Ruukki Group Plc's board of directors has today decided on a directed     
share issue for free of 300,000 new shares, which will be directed to Mr. Matti 
Vikkula, in order to motivate and support the commitment of the new CEO Matti   
Vikkula. There is a restriction on the right of disposal (a lock-up), which ends
on 15 December 2008.                                                            

The board believes that there is a weighty financial reason, benefiting the     
company and all shareholders, for the free directed share issue and for the     
deviation from the pre-emptive rights of the shareholders to subscribe the new  
shares, since the cause is motivating and supporting the commitment of the new  
CEO.                                                                            

In addition the board has agreed according to the previously mentioned          
authorisation to a share offering of 3 million shares directed at the new CEO,  
provided that the share offering takes place. The share price will be the same  
as the subscription price of the issuing of shares taking place in June 2007.   

The success of Ruukki Group Plc's strategy is first and foremost dependent on   
the fact that the planned Russian investments can be realised forcefully and    
according to schedule. The work contribution of the top management, especially  
CEO is crucial, because the business environment in Russia will continue to be  
challenging also in the future.                                                 

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:                                        

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