Ruukki Group Oyj - Company Announcement

RUUKKI GROUP SELLS MAJORITY OF SELKA-LINE

Ruukki Group Plc, Stock Exchange Release, 29 August 2008 at 08:30 a.m.          

Ruukki Group's metal industry subsidiary has sold 80.6 % of the share capital of
Selka-line Oy, a company operating in metal contract furniture and furniture    
component business, to the company's managing director Ismo Räty. Ruukki Group's
share in the company decreases from 100 % to 19.4 %  and Selka-line Oy will be  
consolidated into Ruukki Group up until the end of August. The sales price of   
the shares is EUR 10 thousand and the estimated loss on disposal about EUR 150  
thousand.                                                                       

The revenue of Selka-line totalled approximately EUR 2.9 million in 2007 and    
operating profit was slightly positive. Ruukki Group estimates that transaction 
will not have a significant effect on Group's profit and loss statement or      
balance sheet. The share transaction relates to the Group's ongoing strategic   
repositioning, according to which group's business operations are focused on    
various wood processing industry operations, and new opportunities are sought   
after for expansion into minerals business, in the first phase to ferro chrome  
markets.                                                                        

RUUKKI GROUP PLC                                                                
ALWYN SMIT                                                                      
CHAIRMAN OF THE BOARD                                                           

Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki on which   
the shares of the Company are traded in the mid cap segment, in the industrials 
sector.                                                                         

For additional information, please contact:                                     

Antti Kivimaa                                                                   
Executive Vice President                                                        
Ruukki Group Plc                                                                
Tel. + 358 400 501 780                                                          
www.ruukkigroup.fi                                                              

Ismo Räty                                                                       
Managing Director
Selka-line Oy                                                                   
Tel. +358 50 307 9562                                                           
www.selka.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.