Ruukki Group Oyj - Company Announcement

RUUKKI GROUP TO EXPAND ITS CHROME ORE RESERVES IN TURKEY

Ruukki Group Plc, Stock Exchange Release, 5 February 2010 at 10:00 a.m.         

RUUKKI GROUP TO EXPAND ITS CHROME ORE RESERVES IN TURKEY                        

Ruukki Group Plc's Turkish subsidiary Türk Maadin Sirketi A.S. (“TMS”) has      
acquired 99.00% of the shares in Intermetal Madencilik ve Ticaret A.S.          
(“Intermetal”). The rationale of the transaction is to expand the Group's chrome
ore reserves base in Turkey. Intermetal has altogether six chrome ore           
exploration and exploitation licenses with a total land area of about 5,000     
hectares. There is no external quantification of the total minerals reserve of  
Intermetal's licence areas. In 2008 Intermetal's revenue was approximately EUR  
2.5 million and profit before tax EUR 0.028 million.                            

TMS acquired the Intermetal shares from Ms. Güldal Seyda Caglayan (98.75%       
stake), the managing director of TMS, and from Ms. Solmaz Celiktas (0.25%       
stake). Intermetal will have four minority shareholders, each holding 0.25% of  
the shares: Ms. Güldal Seyda Caglayan, Dr. Danko Koncar, Mr. Stefano Bonati and 
Mr. Ahmet Hacikerimoglu.                                                        

The purchase consideration of the Intermetal shares owned by TMS is close to USD
0.5 million (about EUR 0.3 million), and was paid in cash.                      

The previously announced expansion of TMS's chromite concentrate processing     
capacity is progressing according to plan, and the new plant will be concluded  
during the first half of 2010.                                                  

RUUKKI GROUP PLC                                                                

Alwyn Smit                                                                      
Chief Executive Officer                                                         

Ruukki Group is an industrial group focusing on minerals and wood processing    
businesses. 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.