Ruukki Group Oyj - Major shareholder announcements

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

Ruukki Group Plc, Stock Exchange Release, 5 June 2008 at 10:10 a.m.    
Ruukki Group Plc and Kermas Limited (registration number 504889), a company     
incorporated and existing under the laws of British Virgin Islands, have entered
into a preliminary agreement regarding a transaction over chrome operations.    

Kermas Limited is controlled by Dr Danko Koncar, a member of the Board of       
Directors of Ruukki Group Plc.                                                  

Among other things, it has been preliminary agreed that Ruukki Group Plc will   
issue and Kermas Limited will subscribe for a convertible loan, with an amount  
of EUR 92 million, the maturity of which is five (5) years from the             
subscription. The loan may be converted into new shares in Ruukki Group Plc at  
EUR 2.30 per share in accordance with the terms and provisions of a separate    
convertible loan agreement to be made between Kermas Limited and Ruukki Group   
Plc. The conversion may occur after 1 September 2010 and the right to convert   
would remain for at least two (2) years from such date. In total of 40,000,000  
new shares can be issued upon the conversion of such convertible loan.          

The convertible loan is conditional for:                                        

(i) Parties entering into a agreement on the transaction, and 
(ii) An acceptance of the shareholders meeting of Ruukki Group Plc 

If the convertible loan is issued, Kermas Limited is, after September 1, 2010,  
entitled to receive in conversion a total of 40,000,000 shares of Ruukki Group  
Plc. This represents 13.8 percent of the current outstanding shares and votes of
Ruukki Group Plc. In the case of complete conversion of the convertible loan the
holding of Kermas Limited will exceed 1/10 of all shares and votes of Ruukki    
Group Plc.                                                                      

Kermas Limited is a parent company in a group of companies including RCS Trading
Corporation Ltd (company number 65574B, Nassau, Bahamas). RCS Trading           
Corporation has made its announcement on May 22, 2008, that  the ownership of   
RCS Trading Corporation Ltd in Ruukki Group Plc exceeds one fourth (1/4) of the 
share capital and voting rights (stock exchange release on May 22, 2008). After 
that Ruukki Group Plc has not received any announcement of changes.             
Together with the current holding of RCS Trading Corporation the potential      
ownership related to the convertible loan of Kermas Limited (“ownership of      
Kermas Group”) will exceed 3/10 of the shares and votes of Ruukki Group Plc.    

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