Ruukki Group Oyj - Company Announcement

RUUKKI GROUP'S BOARD OF DIRECTORS DECIDED ON A DIRECTED FREE SHARE ISSUE TO THE BOARD MEMBER BARRY ROURKE

Ruukki Group Plc, Stock Exchange Release, 1 June 2010 at 5:30 p.m. 

RUUKKI GROUP'S BOARD OF DIRECTORS DECIDED ON A DIRECTED FREE SHARE ISSUE TO THE 
BOARD MEMBER BARRY ROURKE                                                       

The Board of Directors of Ruukki Group Plc has decided on a directed free share 
issue to the Board member Barry Rourke in accordance with the Board's statement 
presented at the Annual General Meeting on 21 April 2010. In respect of its     
terms, this share issue corresponds to the share issue which the Annual General 
Meeting of 21 April 2010 decided to allocate to the other members of the Board  
of Directors.                                                                   

In this directed free share issue, the Company issues no more than 250,000      
shares held by the Company. The pre-emptive subscription right of the           
shareholders shall be derogated from as the shares constitute an essential part 
of the remuneration structure to be paid for work on the Board.                 

The shares shall be issued in such a way that Mr. Rourke receives immediately   
150,000 shares (“Initial Shares”). Additionally, Mr. Rourke shall receive 50,000
shares if he continues to serve on the Board of Directors after the second      
Annual General Meeting following the approval of this issue, and additional     
50,000 shares if he continues to serve on the Board of Directors after the third
Annual General Meeting following the approval of this issue (“Additional        
Shares”.) Thus, the total number of the Additional Shares shall be in maximum   
100,000 shares.                                                                 

A precondition for the share subscription is entering a separate lock-up        
agreement that prevents the sale of the shares for three years from their       
subscription. The lock-up will concern both Initial Shares and Additional       
Shares. The agreement will entitle the Company to redeem the shares free of     
charge, in part or in full, if the subscriber's term on the Board of Directors  
terminates before the third Annual General Meeting following the approval of    
this issue. The redemption will concern all of the issued shares (3/3) if the   
subscriber's term on the Board of Directors ends before the first, two-thirds   
(2/3) if before the second, and one-third (1/3) if before the third Annual      
General Meeting following the approval of this issue.                           

The Initial Shares may be subscribed for immediately after the Board's decision 
and the Additional Shares may be subscribed for after the precondition for      
subscription has been fulfilled, however no later than within five years from   
this share issue decision.                                                      

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 released in Finnish and in English. In case of   
any discrepancies, inconsistencies or inaccuracies, the Finnish version of the  
release shall prevail.