Ruukki Group Oyj - Major shareholder announcements

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

Ruukki Group Plc, Stock Exchange Release, 22 May 2008 at 4:25 p.m.              

In the flagging notification of RCS Trading Corporation Ltd (company number     
65574B, Nassau, Bahamas) today was inaccurate information regarding the total
share and forward contract holdings. The holdings of RCS Trading Corporation
Ltd in Ruukki Group Plc are as follows: 

--------------------------------------------------------------------------------
|                        |      number of shares | proportion of voting rights |
|                        |                       |           and share capital |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shares                 |             2,135,662 |                      0.74 % |
--------------------------------------------------------------------------------
| Forward contracts      |            75,537,800 |                     26.04 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total                  |            77,673,462 |                     26.78 % |
--------------------------------------------------------------------------------

All other information in the notification was accurate.

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

RUUKKI GROUP PLC                                                                
Matti Vikkula                                                                   
Chief Executive Director                                                        

Ruukki Group Plc's share is listed on OMX Nordic Exchange Helsinki in which the 
shares of the Company are traded in the mid cap segment, in the industrials     
sector.                                                                         
This stock exchange release is based on translation into English of a document  
written in Finnish. In case there would be any potential discrepancies,         
inconsistencies or inaccuracies, the Finnish version of the release shall       
prevail.