The shareholders of Ruukki Group Plc are invited to attend the extraordinary general meeting to be held in Espoo, at Innopoli I, Tekniikantie 12, 02150 Espoo, on Tuesday 12 June 2007 at 11:00 a.m. The following items are on the agenda of the meeting: 1. ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS The board of directors proposes that the extraordinary general meeting decides on possibly changing the composition of the board of directors. In accordance with the articles of association, the board of directors is composed of at least three and at most nine members. 2. AMENDMENT OF THE ARTICLES OF ASSOCIATION The board of directors proposes that the company's articles of association be amended as follows: Section 1§ concerning the business name and domicile of the company shall be altered to include the company's name in English, Ruukki Group Plc; and Section 2§ concerning the line of business of the company shall be specified in accordance with the company's strategy so that the company's primary activity shall no longer only consist of acting as an owner, but also of engaging in industrial operations either directly or through its subsidiaries in Finland and abroad. 3. DECISION ON DIRECTED OFFERING AGAINST PAYMENT AND AUTHORISATION OF THE BOARD OF DIRECTORS TO DECIDE ON AN OVER-ALLOTMENT OFFERING In order to finance primarily investments related to the planned sawmill and chemi-mechanical market pulp mill or alternatively chemical pulp mill in Russia, the board of directors proposes an offering to raise approximately EUR 200-250 million. In addition, the board of directors proposes that it be authorised to decide on the offering of additional shares to cover potential over-allotments. Directed offering against payment The board of directors proposes that the general meeting decide on a directed offering against payment as follows: 1)Preliminarily, a minimum of 110,000,000 and a maximum of 140,000,000 new shares will be offered. The shares will represent a minimum of 78,5 % of all the shares and voting rights of the company prior to the offering. 2)The offering is a directed offering, and the following parties will have the subscription right in deviation from the shareholders' pre-emptive rights: (i) company shareholders and corresponding parties, which include a) shareholders recorded on 1 June 2007 as shareholders in the company's shareholder register, b) with respect to nominee-registered shares, those who are shareholders as of that date and c) holders of the subordinated convertible loan issued by the company in 2004 and holders of the option rights under the I/2005 option rights program as well as holders of derivative contracts entitling to the company's shares, who in connection with giving their subscription commitment provide evidence approved by the company of their holdings/right as of 1 June 2007 and ii) institutional investors established in the European Economic Area, for whom the shares are offered through a private placement. A minimum of one third of the minimum size of the offering will be allocated to parties referred to in section i). 3)According to the board of directors' preliminary proposal, the subscription price will be a minimum of EUR 1.90 and a maximum of EUR 2.30 per share. The price range is based on market practices followed in corresponding offerings and on the price development of the company's shares. The board of directors may revise the price range before the general meeting. The final subscription price will be determined through a book-building process, in which the board of directors will decide the subscription price based on the offers made by institutional investors. 4)The share subscription period is 27 June 2007-28 June 2007, during which period the manager of the offering will subscribe the new shares on behalf and in the name of the persons who have given subscription commitments. Subscription commitments must be delivered to the manager in the time period determined by the board of directors, which is estimated to be 14 June 2007-20 June 2007. The board of directors may change the subscription period. 5)The shares must be paid upon subscription. 6)The new share's subscription price will be credited to the paid-up unrestricted equity reserve. The shares have no nominal value. The board of directors proposes that the shareholders' pre-emptive subscription rights be deviated from in order to broaden the company's ownership base and to finance the investments in Russia. The board of directors will decide on the final execution of the offering, on the number of new shares to be offered, on the approval or rejection of subscriptions in part or in full and on other terms and conditions of the offering. Authorisation to decide on a directed offering against payment to cover over-allotments The board of directors proposes to the general meeting that the general meeting also authorise the board of directors to decide on offering a maximum of 20,000,000 new shares, in deviation from the shareholders' pre-emptive subscription right, directed to cover possible over-allotments. The authorisation to be granted to the board of directors will be valid until 31 August 2007. The board of directors proposes that the new authorisation does not cancel the offering authorisation granted on 20 April 2007. DOCUMENTS ON DISPLAY The proposals of the board of directors and the other documents stipulated by the Companies Act will be available for the shareholders a week prior to the meeting at the company's head office at Innopoli I, Tekniikantie 12, 02150 Espoo, Finland. The documents are also available on the company's website at www.ruukkigroup.fi. Copies of the documents will be mailed to the shareholders upon request. RIGHT TO ATTEND THE MEETING Shareholders have the right to attend the meeting if they are registered as shareholders in the company's shareholder register, which is maintained by Finnish Central Securities Depository Ltd, on 1 June 2007 at the latest. In order to attend the meeting, shareholders who hold their shares under the name of a nominee must also be temporarily recorded in the shareholder register at that date. Shareholders may attend the meeting personally or send a representative. Shareholders also have a right to have an assistant. PRIOR NOTICE OF ATTENDANCE Shareholders wishing to attend the general meeting must give prior notice to the company by 16:00 on 6 June 2007 at the latest, either in writing to Ruukki Group Plc, Tekniikantie 12, 02150 Espoo or by email to information@ruukkigroup.fi or by fax to +358 9 25 111 040. The shareholders are also requested to give their identity or business identification numbers and to deliver any proxies. The notice must arrive before the deadline mentioned above. Espoo, 25 May 2007 RUUKKI GROUP PLC BOARD OF DIRECTORS Ruukki Group is a multi-sector industrial group having mainly majority ownership interests in various small and medium-sized companies in e.g. house building, sawmilling business, furniture business and care services. Ruukki Group share (RUG1V) is listed on OMX Nordic Exchange's so-called small cap category. For further information, please contact: Antti Kivimaa Chief Executive Officer Ruukki Group Plc Telephone +358 400 501 780 www.ruukkigroup.fi