Ruukki Group Oyj - Company Announcement

LAPPIPANELI OY, THE SUBSIDIARY OF RUUKKI GROUP PLC, HAS INSTITUTED PROCEEDINGS AGAINST SAMPO BANK PLC

Ruukki Group Plc, Stock Exchange Release, 7 July 2009 at 5:05 p.m.              

LAPPIPANELI OY, THE SUBSIDIARY OF RUUKKI GROUP PLC, HAS INSTITUTED PROCEEDINGS  
AGAINST SAMPO BANK PLC                                                          

Ruukki Group Plc announces that its subsidiary Lappipaneli Oy has today filed an
action for damages at Helsinki District Court against Sampo Bank Plc which      
belongs to the Danske Bank group. The matter concerns disagreements related to  
currency hedging transactions. The claim for damages is approximately six       
million euro. In addition to this, claims for interests and costs are related to
the matter. At this stage of the dispute Ruukki Group Plc is not aware of the   
possible counterclaims of the counterparty related to the dispute of currency   
disputes.                                                                       

In Ruukki Group's interim report as of 31 March 2009 the capital being the      
object of the disagreements has already been fully recognised as an expense in  
the group income statement. The majority of the capital losses being the object 
of the disagreements has also been paid, whereupon the matter will not have a   
substantial negative cash flow influence. The matter will be dealt with in      
normal district court proceedings, whereupon the schedule of the proceedings is 
dependent on the scheduling of the District Court.             

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:                                     

Antti Kivimaa                                                                   
Deputy CEO, domestic wood processing                                            
Ruukki Group Plc                                                                
Telephone +358 10 440 7015                                                      
www.ruukkigroup.fi                                                              

Distribution:                                                                   

Helsinki Stock Exchange                                                         
Main media                                                                      

This stock exchange release is based on a translation into English of a document
originally written in Finnish. In case of any discrepancies, inconsistencies or 
inaccuracies, the Finnish version shall prevail.