Ruukki Group Oyj - Company Announcement

PROFIT WARNING: RUUKKI GROUP CHANGES ITS FINANCIAL YEAR 2009 EBITDA GUIDANCE FOR THE MINERALS SEGMENT AND FOR THE CONSOLIDATED GROUP

Ruukki Group Plc, Stock Exchange Release, 7 October 2009 at 1:48 p.m.           

PROFIT WARNING: RUUKKI GROUP CHANGES ITS FINANCIAL YEAR 2009 EBITDA GUIDANCE FOR
THE MINERALS SEGMENT AND FOR THE CONSOLIDATED GROUP                             

Ruukki Group Plc's Board of Directors has decided to change 2009 EBITDA guidance
for the Minerals segment and the consolidated Group from EUR 15.0 million to EUR
10.0 million.                                                                   

The Board of Directors revised the EBITDA guidance after taking into            
consideration the following reasons:                                            

The South African metal alloys smelting business (Mogale Alloys), acquired      
during the second quarter, has not generated the expected results mainly due to 
strengthening in the rand. In addition, during the month of August Mogale       
started the new 12 MVA DC furnace, and this ramp-up of additional production    
capacity initially negatively affected normal production.                       

The increased production capacity and resultant increased volumes, combined with
an increase of approximately 15% in ferroalloys sales prices, is expected to    
positively contribute to fourth quarter profitability.                          

Non-recurring expenses in relation to corporate activity also had a negative    
effect on the segment's profitability.                                          

Ruukki Group's European specialty grade ferrochrome business is performing      
better than originally estimated even though the current weakness of the US     
dollar has had an adverse effect on earnings.                                   

--------------------------------------------------------------------------------
| EBITDA                    |       Wood | Minerals |  Non-segments |    Group |
| EUR million               | Processing |          |           and |    total |
|                           |            |          |  eliminations |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Actual 1-6/2009:          |        4.5 |      1.3 |          -5.2 |      0.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Guidance 1-12/2009:       |            |          |               |          |
--------------------------------------------------------------------------------
| original, announced 26    |        5.0 |     10.0 |          -5.0 |     10.0 |
| Feb 2009 in conjunction   |            |          |               |          |
| with 2008 financial       |            |          |               |          |
| statements review         |            |          |               |          |
--------------------------------------------------------------------------------
| revised, announced 25 May |        5.0 |     15.0 |          -5.0 |     15.0 |
| 2009 in conjunction with  |            |          |               |          |
| Mogale acquisition        |            |          |               |          |
--------------------------------------------------------------------------------
| revised, announced 6 Aug  |        7.0 |     15.0 |          -7.0 |     15.0 |
| 2009 in conjunction with  |            |          |               |          |
| interim report Q2/2009    |            |          |               |          |
--------------------------------------------------------------------------------
| revised, announced 7 Oct  |        7.0 |     10.0 |          -7.0 |     10.0 |
| 2009                      |            |          |               |          |
--------------------------------------------------------------------------------


RUUKKI GROUP PLC                                                                

Alwyn Smit                                                                      
Chief Executive Officer                                                         

Ruukki Group specialises in industrial refining of certain natural resources.   
The Group has two focus areas: Wood Processing and Minerals. Ruukki Group Plc's 
shares are listed on NASDAQ OMX Helsinki and traded in the mid cap segment, in  
the industrials sector.                                                         

For additional information, please contact:                                     

Alwyn Smit                                                                      
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Telephone +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.