Ruukki Group Oyj - Company Announcement

RUUKKI GROUP TO EXPAND INTO MINERALS

Ruukki Group Plc, Stock Exchange Release, 19 May 2008 at 9:00 am.               
The Board of Directors at Ruukki Group Plc, at their strategic session that was 
held during the past weekend, has taken the decision to redefine the Group's    
strategy by diversifying into new business areas.                               
The Group will expand both in geographic and industry terms, utilising in full  
the best expertise and contacts available to the Board. The goal is to increase 
and maximise the return on the Group's significant balance sheet potential, as  
soon as possible. Ruukki Group will enter into the minerals business and will   
initially focus on opportunities in the Chrome and Ferro Chrome sector.         
With regards to the forestry business, the Board has decided to strengthen      
Ruukki's position in Finland and proactively pursue its Russian opportunities.  
The planned Russian sawmill and pulp mill projects will be continued.           

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                

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 45 6700 606                                                          
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.