Ruukki Group Oyj - Major shareholder announcements

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

Ruukki Group Plc, Stock Exchange Release, 16 January 2009 at 6:28 p.m.          

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

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

RCS Trading Corporation Ltd (company number 65574B, Nassau, Bahamas) announces  
that its ownership has fallen below 5 % of the share capital and voting rights  
of Ruukki Group Plc based on share transactions carried out on 16 January 2009. 
RCS sold 352,553 forward contracts (35,255,300 shares) to Kermas Limited        
(registration number 504889, Tortola, British Virgin Islands) which belongs to  
the same group of companies. Simultaneously Kermas announces that its ownership 
exceeds 25 %. The combined ownership of RCS and Kermas is unchanged.            

RCS Trading Corporation Ltd and Kermas Limited now own Ruukki Group Plc shares  
and forward contracts as follows:                                               

--------------------------------------------------------------------------------
|            |   Kermas Limited    |    RCS Trading      |        Total        |
--------------------------------------------------------------------------------
|            |   number |     % of |   number |     % of |   number |     % of |
|            |       of |   shares |       of |   shares |       of |   shares |
|            |   shares |      and |   shares |      and |   shares |      and |
|            |          |   voting |          |   voting |          |   voting |
|            |          |   rights |          |   rights |          |   rights |
--------------------------------------------------------------------------------
| Current    | 28,774,2 |   9.92 % | 1,000,00 |   0.34 % | 29,774,2 |  10.27 % |
| ownership  |       00 |          |        0 |          |       00 |          |
| (shares)   |          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Potential  | +57,192, |  19.72 % |          |          | 57,192,3 |  19.72 % |
| future     |      300 |          |          |          |       00 |          |
| ownership  |          |          |          |          |          |          |
| (forwards) |          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Potential  | +73,170, |  25.23 % |          |          | 73,170,7 |  25.23 % |
| future     |      731 |          |          |          |       31 |          |
| ownership  |          |          |          |          |          |          |
| (option    |          |          |          |          |          |          |
| arrangemen |          |          |          |          |          |          |
| t)         |          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Total      | 159,137, |  54.87 % | 1,000,00 |   0.34 % | 160,137, |  55.21 % |
|            |      231 |          |        0 |          |      231 |          |
--------------------------------------------------------------------------------

The forward contracts will expire in June 2009.                                 

Ruukki Group Plc's registered number of shares is 290,034,022 and share capital 
is EUR 23,642,049.60. The number of treasury shares held by Ruukki Group Plc is 
13,760,000 shares.                                                              

RUUKKI GROUP PLC                                                                
Alwyn Smit                                                                      
Chairman of the Board and CEO                                                   
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 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.