Ruukki Group Oyj - Company Announcement

KERMAS LIMITED DECREASED ITS VOTING RIGHTS BELOW MANDATORY BID THRESHOLD

Ruukki Group Plc, Stock Exchange Release, 14 December 2009 at 2:33 p.m.         

KERMAS LIMITED DECREASED ITS VOTING RIGHTS BELOW MANDATORY BID THRESHOLD        

Kermas Ltd (registration number 504889, Tortola, British Virgin Islands)        
announces that it has on 11 December 2009 entered into an agreement to sell     
altogether 6,600,000 Ruukki Group Plc shares.                                   

As announced in the flagging notification published on 11 December 2009, Kermas 
Ltd's current ownership has fallen below 30% of the number of Ruukki Group Plc  
shares in the Trade Register and voting rights attached to these shares based on
share transactions carried out on 10 December 2009.                             

According to the agreement, Kermas Ltd will sell 6,600,000 Ruukki Group Plc     
shares on value date 14 December 2009. As a result of this share transaction,   
Kermas Ltd's proportion of voting rights attached to all the Ruukki Group Plc   
shares outstanding excluding treasury shares held by Ruukki Group Plc falls     
below 30% and is 29.58%. Thus, Kermas Ltd has fulfilled the conditions of the   
exemption received from the Finnish Financial Supervisory Authority and will no 
longer have an obligation to make a mandatory bid for Ruukki Group Plc shares   
according to the Securities Market Act.                                         

Kermas Limited owns Ruukki Group Plc shares as follows:                         

--------------------------------------------------------------------------------
|                                       |      number of |     % of registered |
|                                       |         shares |   shares and voting |
|                                       |                |              rights |
--------------------------------------------------------------------------------
| Current ownership (shares)            |     70,766,500 |              27.11% |
--------------------------------------------------------------------------------
| Potential future ownership (option    |    +73,170,731 |              28.03% |
| arrangement)                          |                |                     |
--------------------------------------------------------------------------------
| Total                                 |    143,937,231 |              55.14% |
--------------------------------------------------------------------------------

Ruukki Group Plc's registered number of shares is 261,034,022 and share capital 
is EUR 23,642,049.60. The number of treasury shares held by Ruukki Group Plc is 
currently 21,787,917 shares.                                                    

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 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.