Ruukki Group Oyj - Company Announcement

RUUKKI GROUP PLC'S BOARD OF DIRECTORS HAS DECICED TO ESTABLISH AUDIT COMMITTEE

The board of directors of Ruukki Group Plc has decided to establish an audit    
committee in accordance with the corporate governance recommendations, since the
planned significant investments into sawmill and pulp mill business in Russia   
shall, if and when implemented, considerably change and enlarge Ruukki Group's  
structure and business.                                                         

The organisation of the committee and the nomination of its members will be     
finalised in the near future.                                                   
                                                                                
RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              


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.                   

For further information, please contact:                                        

Antti Kivimaa                                                                   
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Telephone +358 400 501 780                                                      
www.ruukkigroup.fi