Ruukki Group Oyj - Major shareholder announcements

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

Ruukki Group Plc, Stock Exchange Release, 21 May 2008 at 1:45 p.m. 

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

According to the announcement of Russian JSC VTB Bank (business ID Code         
ZTEMP1964) it has on 21 May 2008 sold 29,200,000 shares of Ruukki Group Plc. JSC
VTB Bank's holdings have fallen below one tenth (1/10) and one twentieth (1/20) 
of the share capital and voting rights of Ruukki Group Plc. JSC VTB Bank has    
sold its 10.07 % shareholding in Ruukki Group Plc under a contractual           
arrangement disclosed on 26 March 2008. As a result of the sale, JSC VTB Bank is
not a party to any contractual arrangement the exercise of which could lead to  
JSC VTB Bank taking physical delivery of Ruukki Group Plc shares.               
JSC VTB Bank does not own any Ruukki Group Plc shares i.e. 0 % of the share     
capital and voting rights of Ruukki Group Plc.                                  
Ruukki Group Plc's registered number of shares is 290,034,022 and share capital 
is EUR 23,642,049.60.                                                           

RUUKKI GROUP PLC                                                                

Matti Vikkula                                                                   
Chief Executive Director                                                        

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.                                                                         
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.