Ruukki Group Oyj - Major shareholder announcements

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

Ruukki Group Plc, Stock Exchange Release, 17 October 2008 at 11:21 a.m.         

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

Danske Bank A/S Helsingin Sivukonttori's (business ID 1078693-2) ownership of   
the share capital and voting rights of Ruukki Group Plc will fall below 10 % on 
value date 17 October 2008 due to a share lending agreement made.               

Danske Bank A/S Helsingin Sivukonttori's ownership will again exceed 15 % as the
share lending agreement expires on 21 October 2008.                             

Danske Bank A/S Helsingin Sivukonttori now owns 18,936,000 Ruukki Group Plc     
shares, which corresponds to about 6.53 % of the share capital and voting rights
of Ruukki Group Plc.                                                            

Danske Bank A/S Helsingin Sivukonttori will own on value date 21 October 2008   
altogether 52,528,000 Ruukki Group Plc shares, which corresponds to about 18.13 
% of the share capital and voting rights 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.                                                           

RUUKKI GROUP PLC                                                                
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.