Ruukki Group Oyj - Company Announcement

RUUKKI GROUP'S KOSTROMA AMENDED INVESTMENT AGREEMENTS REGISTERED

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES. 

Ruukki Group Plc published on 24 May 2007 a stock exchange release related to
Ruukki Group's amended investment agreements with Kostroma Oblast in Russia.
Kostroma Oblast has today, on 28 June 2007, registered Ruukki Group's
investment agreements regarding the pulp mills and a saw mill. According to the
registered agreements, Ruukki Group is entitled to build 800.000-ton BKP pulp
mill or 300.000-500.000-ton BCTMP factory or a combination of them as well as a
saw mill with capacity of approximately 300,000 cubic meters. 

The investment agreements have been approved and Ruukki Group's investments
have been included in Kostroma Oblast's register of investment projects. In
relation to the registered investment agreements, Kostroma Oblast has committed
to granting Ruukki Group fixed-term tax concessions on local taxes, providing
necessary harvesting rights to guarantee wood raw material needs for the
facilities, as well as collaborating on getting the necessary permits and
confirming the needed operational sites. 

                                 
RUUKKI GROUP PLC                                                                

Antti Kivimaa                                                                   
Managing Director                                                               

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.        

Further information:                                                            

Antti Kivimaa                                                                   
Managing Director                                                               
Ruukki Group Plc                                                                
Tel. +358 400 501 780                                                           
www.ruukkigroup.fi