Ruukki Group Oyj - Company Announcement

ANNOUNCEMENT PURSUANT TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKET ACT

Ruukki Group Plc, Stock Exchange Announcement, 23 June 2008 at 3:25 p.m.        

Ruukki Group Plc has received an announcement pursuant to Securities Market Act 
chapter 2, section 9 regarding a change in shareholding.                        

Nordea Bank AB (publ) (Swedish registration number 516406-0120) refers to its   
announcement on 3 June 2008 related to a change in ownership. In that           
announcement it was informed that when forward agreements expire in June 2008   
Nordea Bank Finland Plc's (business ID 1680235-8) and the Nordea Group's        
holdings in Ruukki Group Plc will fall below three twentieth (3/20).            

Nordea Bank AB (publ) announces that part of the above mentioned forward        
contracts have expired on 19 June 2008 and part of the forward contracts have   
been rolled over to longer maturities.                                          

Nordea Bank AB's (publ) Finnish subsidiary Nordea Bank Finland Plc now holds    
62,905,862 Ruukki Group Plc shares i.e. 21.69 % of the share capital and voting 
rights of Ruukki Group Plc.                                                     

Nordea Bank AB (publ) holds 24,311 Ruukki Group Plc shares i.e. 0.008 % of the  
share capital and voting rights of Ruukki Group Plc.                            

The total ownership of Nordea Group in Ruukki Group Plc is 62,930,173 shares    
i.e. 21.7 % of the share capital and voting rights of Ruukki Group Plc. As a    
result, Nordea Bank Finland Plc's and Nordea Group's holdings have not fallen   
below 3/20 as previously announced but are still above 1/5.                     

Nordea Bank Finland Plc has made forward contracts regarding Ruukki Group Plc.  
42,000 sold forward contracts (4,200,000 shares) will expire in July 2008, 2,000
(200,000 shares) bought forward contracts will expire in September 2008, 87,742 
(8,774,200 shares) sold forward contracts will expire in December 2008 and      
501,283 (50,128,300 shares) sold forward contracts in January 2009. As the
December 2008 forward contracts expire, the ownership of Nordea Bank Finland
Plc and Nordea Group will fall below 1/5 and as the January 2009 forward
contracts expire, below 1/20 of the share capital and voting rights of
Ruukki Group Plc. 

Nordea Bank Finland Plc has purchased Ruukki Group shares as a part of its      
market making operations.                                                       

Ruukki Group Plc's registered number of shares is 290,034,022 shares and share  
capital is EUR 23,642,049.60.                                                   

RUUKKI GROUP OYJ                                                                

Matti Vikkula                                                                   
Chief Executive Officer                                                         

Ruukki Group Plc's share is 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:                                     

Matti Vikkula                                                                   
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Tel. + 358 10 440 7002                                                          
www.ruukkigroup.fi           
This stock exchange release is based on translation into English of a document  
written in Finnish. In case there would be any potential discrepancies,         
inconsistencies or inaccuracies, the Finnish version of the release shall       
prevail.