Ruukki Group Oyj - Company Announcement

RUUKKI GROUP'S FURNITURE BUSINESS SEGMENT HAS ENDED CO-DETERMINATION NEGOTIATIONS

Ruukki Group Plc, Stock Exchange Release, 14 November 2008 at 1:00 p.m.        

Ruukki Group's Furniture Business segment has ended co-determination
negotiations 

Ruukki Group's Furniture Business segment (Incap Furniture) started at the end  
of September co-determination negotiations related to all of its employees due  
to financial and production-related reasons. The co-determination negotiations  
related to all the Incap Furniture's employees and operations have now ended.   

As a result of the negotiations in total about 140 workers and about 15         
specialised staff will be laid off as soon as possible, however by April 2009 at
the latest. In addition, the production at the Varpaisjärvi factory will be     
stopped since the beginning of April 2009.                                      

Production at the Kärsämäki and Varpaisjärvi factories will be at a standstill  
between 22 December 2008 and 6 January 2009, during which time the personnel    
will be on holidays and if necessary laid off. At that time all necessary       
operations are run needed for security and deliveries. In addition, other       
operations will be adjusted accordingly.                                        

Incap Furniture actively seeks opportunities for new sales, but that is         
challenging due to the slowdown in global economic situation.                   

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:                                     

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

Veli Torvinen                                                                   
Managing Director                                                               
Incap Furniture Oy                                                              
Tel. +358 40 551 0665                                                           
www.incapfurniture.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.