Ruukki Group Oyj - Company Announcement

RUUKKI GROUP PLC'S BOARD HAS DECIDED TO REDEFINE ITS 25 MAY 2007 PROPOSAL TO THE EXTRAORDINARY GENERAL MEETING RELATING TO A DIRECTED SHARE ISSUE AGAINST PAYMENT

Ruukki Group Plc's board of directors has on 25 May 2007 proposed to the        
extraordinary general meeting to be held on 12 June 2007 that the general       
meeting decides on a directed share issue against payment in order to partly    
finance the investments to be made in Russia. Ruukki Group aims to raise EUR 200
- 250 million through the share issue. In addition, the board of directors has  
proposed that it be given authorisation to decide on the issuing of additional  
shares to cover potential excess demand. In the 25 May 2007 board's proposal the
number of shares to be issued and the subscription price were preliminary.      

The board of directors of Ruukki Group Plc has in its 4 June 2007 meeting       
decided that based on the current share price development the board's proposal  
to the extraordinary general meeting is to be redefined as follows:             

Number of shares                                                                

A minimum of 100,000,000 and a maximum of 130,000,000 new shares will be        
offered. The shares will represent a minimum of 71.3% of all the shares and     
voting rights of the company prior to the share issue.                          

Subscription price                                                              

The subscription price will be a minimum of EUR 1.90 and a maximum of EUR 2.90
per share (the “price spread“). 

In all other respects and terms, the board's 25 May 2007 proposal will be       
remained intact both in relation to the proposed directed issue against payment 
as well as in relation to the proposed authorisation to the board to decide on  
additional share issue.                                                         

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

Ruukki Group is a multi-sector industrial group having mainly majority ownership
interests in various small and medium-sized companies in e.g. house building,   
sawmilling business, furniture business and care services. Ruukki Group share
(RUG1V) is listed on OMX Nordic Exchange's so-called small cap category. 

For further information, please contact:                                        

Antti Kivimaa                                                                   
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Telephone +358 400 501 780                                                      
www.ruukkigroup.fi