Ruukki Group Oyj - Major shareholder announcements

ANNOUNCEMENT PURSUANT TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKET ACT

Ruukki Group Plc, Stock Exchange Release, 7 November 2008 at 8:27 a.m.          

Ruukki Group Plc has received an announcement pursuant to Securities Market Act 
chapter 2, section 9 regarding a change in shareholding.                        

Nordea Bank AB (publ) (Swedish registration number 516406-0120) announces that  
its Finnish subsidiary Nordea Bank Finland Plc (business ID 1680235-8) has on   
Thursday 6 November 2008 sold 20,300,300 Ruukki Group Plc shares.               

As a result of the share transactions, Nordea Bank Finland Plc's ownership of   
Ruukki Group Plc's share capital and voting rights has fallen below 1/5 being   
16.32 %. Nordea Bank Finland Plc now holds 47,332,611 Ruukki Group Plc shares.  

In addition, Nordea Bank Finland Plc has sold forward contract agreements so    
that 37,742 forward contracts (3,774,200 shares) will expire in December 2008   
and 435,483 forward contracts (43,548,300 shares) in January 2009. As the       
forward contracts expire in January 2009, the ownership of Nordea Bank Finland  
Plc will fall below 1/20.                                                       

Nordea Bank Finland Plc has purchased Ruukki Group Plc shares as a part of its  
market making operations.                                                       

Ruukki Group Plc's registered number of shares is 290,034,022 shares and share  
capital is EUR 23,642,049.60.                                             

RUUKKI GROUP OYJ                                                                

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

For additional information, please contact:                                     

Alwyn Smit                                                                      
Chairman of the Board and CEO                                                   
Ruukki Group Plc                                                                
Telephone +358 50 442 1663 / +41 7960 19094                                     
www.ruukkigroup.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.