Ruukki Group Oyj - Decisions of extraordinary general meeting

DECISIONS OF RUUKKI GROUP PLC'S EXTRAORDINARY GENERAL MEETING

Ruukki Group Plc, Stock Exchange Release, 28 October 2008 at 2:30 p.m.          
Ruukki Group Plc's Extraordinary General Meeting was held in Espoo on Tuesday 28
October 2008. The Board of Directors' proposals for the General Meeting were
published by a stock exchange release on 10 October 2008. 

Decisions of the Extraordinary General Meeting were the following:              

The Extraordinary General Meeting decided, according to the proposal of the     
Board, on execution of acquisition related to chrome and ferrochrome operations 
so that Ruukki Group Plc shall purchase about 99.999 % and its subsidiary       
Rekylator Oy about 0.001 % of the shares of a Maltese Company called RCS Limited
from a company called Kermas Limited and Ruukki Group Plc shall purchase        
approximately 98.75 % of the shares of a Turkish company called Türk Maadin     
Sirketi A.S. from Kermas Limited. Ruukki Group Plc pays as a purchase           
consideration EUR 80 million in cash at the closing and as a potential          
additional earn-out purchase consideration, 50 % of the combined net profit of  
RCS and TMS during a five year period covering financial years 2009 -           
2013. In any case the maximum total earn-out consideration is EUR 150 million.  
In addition, the transaction includes among other things a long-term ferrochrome
toll manufacturing agreement between RCS Limited and German Elektrowerk         
Weisweiler GmbH, a put option for two years related to the shares of Turkish    
Türk Maadin Sirketi A.S. and a call option related to the shares of Elektrowerk 
Weisweiler GmbH after five years.                                               

The Extraordinary General Meeting decided, according to the proposal of the     
Board, on issuing a maximum total of 73,170,731 option rights to Kermas Limited 
related to additional earn-out purchase consideration of the aforementioned     
acquisition. The option rights will be issued without consideration and they    
will entitle the recipients to subscribe for a maximum total of 73,170,731      
shares in Ruukki Group Plc. The share subscription price per share is EUR 2.30  
(dividend adjustment). The subscription period for the shares occurs annually   
within 30 business days after the approval of the additional earn-out purchase  
consideration and matures on December 31, 2014.                                 

The Extraordinary General Meeting decided to authorise the Board of Directors to
decide on the acquiring of own shares and transferring of acquired own shares   
for a maximum amount of 19,000,000 shares. These authorisations are valid for   
two years.                                                                      

The Extraordinary General Meeting decided, according to the proposal of the     
Board, and in deviation from the shareholders´ pre-emptive right of             
subscription, on giving in total maximum 2,900,000 option rights to the         
company's CEO Alwyn Smit. The option rights would entitle the owner to subscribe
in total maximum 2,900,000 new shares or shares that are in the possession of   
the company. The subscription price of the option rights is EUR 2.30 per share  
(dividend adjustment). The share subscription period for 1,450,000 stock options
commences on October 1, 2009 and for 1,450,000 stock options on October 1, 2010.
The subscription period matures on December 31, 2015.                           

RUUKKI GROUP PLC       
Alwyn Smit                                                                      
Chairman of the Board and CEO                                                   

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

For additional information, please contact:                                     

Alwyn Smit                                                                      
Chairman of the Board and CEO                                                   
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.