Ruukki Group Oyj - Company Announcement

RUUKKI GROUP'S FURNITURE BUSINESS AREA STREAMLINES OPERATIONS

Ruukki Group Plc, Stock Exchange Release, 2 September 2008 at 12:27 p.m.        

Ruukki Group's furniture business area (Incap Furniture) has decided to         
streamline operations to improve efficiency and profitability. As a part of the 
comprehensive cost saving program, Incap Furniture has started necessary        
investigations to move the production of the Ruukki factory to other factories. 
As a result, it is expected that the number of production personnel will be     
reduced. There are about 20 persons working at the Ruukki factory of which less 
than 10 are Incap Furniture Oy's own personnel.                                 

In addition, yesterday the upper employees and employees of Incap Furniture     
group were given a negotiation proposition according to the Co-operation Act.   
The target is to reorganise personnel's responsibilities to ensure             
competitiveness. There are about 45 persons subject to the co-determination     
negotiations. The reorganisation of responsibilities and possible redundancies 
concern less than 10 persons.                                                   

Specific cost and personnel effects will be solved after the co-determination   
processes have been finalised later this autumn. The results of the             
aforementioned measures are not expected to decrease the operational production 
volumes.                                                                        

RUUKKI GROUP PLC                                                                
ALWYN SMIT                                                                      
CHAIRMAN OF THE BOARD                                                           

Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki on which   
the shares of the Company are traded in the mid cap segment, in the industrials 
sector.                                                                         

For additional information, please contact:                                     

Antti Kivimaa                                                                   
Executive Vice President                                                        
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.