Ruukki Group Oyj - Company Announcement

NEW COMPARATIVE FINANCIAL INFORMATION FOR 2012

07:00 London, 09:00 Helsinki, 7 May 2013 - Ruukki Group Plc, Stock Exchange
Release

NEW COMPARATIVE FINANCIAL INFORMATION FOR 2012

Due  to  changes  in  the  International  Financial Reporting Standards ("IFRS")
Ruukki  Group Plc ("Ruukki" or  "the Company") (LSE: RKKI,  OMX: RUG1V), will be
required  to restate  its financial  information for  the financial year 2012 as
stipulated  by  the  new  IFRS  standards  when publishing comparative financial
information in respect of its financial results since 1 January 2013.

The Company applies new or amended IFRS standards and interpretations from their
effective  date or after they have been  endorsed for application within the EU.
The  revised standard, IAS 19 Employee Benefits, became effective from 1 January
2013. The Company has also resolved to begin to apply the new standards IFRS 10
Consolidated  Financial  Statements,  IFRS  11 Joint  Arrangements  and IFRS 12
Disclosure  of Interests in Other Entities as  well as the revised standards IAS
27 Separate  Financial Statements and IAS 28 Investments in Associates and Joint
Ventures  in the financial statements for the year 2013. The changes are applied
retrospectively  and do not affect the audited financial statements published in
respect  of the financial year  ended 31 December 2012. Consequently, Ruukki has
restated its financial information for 2012.

The material changes are:

IAS 19 Employee Benefits (Revised)
The  revised standard  includes changes  to the  presentation and measurement of
defined benefit plans as well as amendments to the accounting treatment of other
employee benefits. The amendment has changed the determination of the applicable
discount  rate and also the possibility to  apply the so called "corridor method
will  be abolished. Consequently, actuarial gains  and losses will be recognised
in  other  comprehensive  income  when  they  occur  and the net defined benefit
liability  or asset  will be  presented in  full on  the statement  of financial
position. As a result, Ruukki Group's pension cost for 2012 has decreased by EUR
0.2 million  and its pension liability has increased by EUR 4.6 million compared
with  the liability  presented in  these financial  statements as at 31 December
2012. Ruukki Group's equity has decreased by EUR 4.6 million.

IFRS  11 Joint arrangements, IAS 28 Investments in Associates and Joint Ventures
(revised)
The  new standard  replaces the  standard IAS  31 and the SIC-13 interpretation.
Under  the  new  standard  Ruukki's  share  in  Synergy  Africa  Limited and its
subsidiaries   are   consolidated   under  the  equity  method  instead  of  the
proportionate   method   of   consolidation.  Synergy  Africa  Limited  and  its
subsidiaries  form a part of Ruukki's mining  operations in South Africa. If the
new  standard was applied  from 1 January 2012, Ruukki  Group's revenue in 2012
would  have been EUR  1.8 million lower and  total assets reduced by 8.2 million
compared to the figure presented in the 2012 financial statements.

The  restated consolidated income statement, consolidated statement of financial
position,  consolidated statement  of cash  flows and  consolidated statement of
changes in equity as well as segment information for the financial year 2012 and
Q1-Q4  interim periods  are summarised  in the  attached file.  Restatements for
earlier periods have not been made.


RUUKKI GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Ruukki Group Plc
Danko Koncar, CEO, +44 (0)20 7376 1175, danko.koncar@ruukkigroup.com

Investec Bank PlcNeil Elliot, +44 (0)20 7597 5970, neil.elliot@investec.co.uk
George Price, +44 (0)20 7597 5970, george.price@investec.co.uk

Ruukki Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX
Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com

[HUG#1699532]

Attachments:

Comparative_data.pdf