Ruukki Group Oyj - Company Announcement

RUUKKI GROUP PLC'S SUBSIDIARY LP KUNNANHARJU OY AND SAMPO BANK PLC ENTER INTO A COMPENSATION AGREEMENT

07:00 London, 09:00 Helsinki, 1 March 2011 - Ruukki Group Plc, Stock Exchange
Release 

RUUKKI GROUP PLC'S SUBSIDIARY LP KUNNANHARJU OY AND SAMPO BANK PLC ENTER INTO A
COMPENSATION AGREEMENT 

Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased
to announce that its subsidiary, LP Kunnanharju Oy (former Lappipaneli Oy), and
Sampo Bank Plc have reached an agreement which ends proceedings in the Helsinki
District Court concerning disagreements related to currency hedging
transactions, dating back to 2008 as announced on 7 July 2009. 

LP Kunnanharju Oy will pay compensation amounting to approximately EUR 2.86
million to Sampo Bank Plc in full and final settlement of this dispute. Ruukki
had previously booked a liability of EUR 3.32 million for this dispute and this
settlement will therefore have a positive effect of about EUR 0.47 million on
Ruukki's first quarter 2011 profit. 

RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director


For additional information, please contact:

Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 50 3495 687,
markus.kivimaki@ruukkigroup.fi 
Thomas Hoyer, CFO, +358 45 6700 491, thomas.hoyer@ruukkigroup.fi

Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.com

RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com


Ruukki Group is a natural resources company, with a mining and minerals
business in southern Europe and South Africa. The Company is listed on NASDAQ
OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI). 
www.ruukkigroup.fi