NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES. On 12 June 2007, the extraordinary general meeting of Ruukki Group Plc decided on a directed offering against payment in order to partly finance the investments to be made in Russia. The Finnish Financial Supervision Authority has approved Ruukki Group Plc's Finnish language offering circular on 13 June 2007, which will be published today. As of this date, the Finnish language offering circular will be available at Ruukki Group Plc's head office, Tekniikantie 12 (Innopoli I), 02150 Espoo, Finland, and at Evli Bank Plc, Aleksanterinkatu 19 A, 00100 Helsinki, Finland. The Finnish language offering circular will also be available on the company's website at www.ruukkigroup.fi and on Evli Bank Plc's website at www.evli.com. The Finnish language offering circular will also be available at the Helsinki Stock Exchange's service point OMX Way, Fabianinkatu 14, 00130 Helsinki, as of 15 June 2007. The offering circular includes the following information not previously disclosed: Pohjolan Design-Talo Oy negotiating on the possibility to acquire a holding of 70 percent in Pohjolan Design-Sähkö Oy Pohjolan Design-Talo Oy, parent company of the house building segment, is negotiating on the acquisition of the majority of shares in a non-group company called Pohjolan Design-Sähkö Oy engaged in electrical contracting business. If the business purchase is consummated as planned, Pohjolan Design-Talo Oy will hold approximately 70 percent of all the shares in this company. In addition, the parties intend to agree on a possible business purchase to be completed at a later date, through which Pohjolan Design-Talo Oy would divest its heating, plumbing, and air-conditioning operations to Pohjolan Design-Sähkö Oy. The parties aim to complete the final agreements in the matter by the end of June. Incap Furniture Oy negotiating on a long-term sales agreement with its major customer Incap Furniture Oy, parent company of the furniture segment, is negotiating on a long-term sales agreement with its major customer. In the event that the sales agreement is entered into on terms acceptable to Incap Furniture Oy, it is assumed that the glued board factory investment, size of which is estimated at EUR 6 million, in Impilahti, Russia, related to a preliminary agreement previously made by the company will be im-plemented in the near future. Acquisition of minority holding in Incap Furniture Trading Oy In the furniture business segment, negotiations with a minority shareholder of Incap Furniture Oy's group company, Incap Furniture Trading Oy, concerning the purchase, in the near future, of shares held by such party in Incap Furniture Oy and representing approximately 4.8 percent of all the shares are underway on behalf of Hirviset Oy. In the event that the planned transaction is concluded, Ruukki Group will hold all the shares in Incap Furniture Trading Oy. Pro forma figures for 2006 regarding the acquisition of Incap Furniture Oy Pro forma financial information has been presented in the offering circular in order to illustrate to the reader how the consolidated Ruukki Group profit and loss account for 2006 had looked like if the acquisition of a majority holding in Incap Furniture Oy had taken place in the beginning of 2006. Ruukki Group's reported net sales amounted to approximately EUR 125,5 million, operating profit to EUR 13.0 million, and profit for the year to EUR 8.0 million, of which the proportion attributable to Ruukki Group Plc's shareholders was EUR 8.4 million. Had Incap Furniture Oy been acquired to the group in the beginning of the 2006 financial year, Ruukki Group's consolidated net sales in the pro forma profit and loss account would have amounted to approximately EUR 150.4 million, net sales to EUR 10.9 million, and profit for the period to EUR 6.0 million, of which a proportion of EUR 5.4 million would have been attributable to Ruukki Group's shareholders. The pro forma information has been presented in full in the appendix attached to this stock exchange release. Results from the project-specific study on the mill investments planned in Russia Ruukki Group Plc has received the final results from the project-specific feasibility study on the mill investments in Russia, which was completed in June 2007. According to the cost competitiveness analysis prepared by Pöyry Forest Industry Consulting Oy, expected production costs arising from the planned chemical pulp mill would be on a competitive level when compared to e.g. new chemical pulp mills with low production costs operating in South America. Further information: Antti Kivimaa, CEO, Ruukki Group Plc, GSM +(358) (0) 400 501 780 For further information on technical matters related to the offering, please contact Evli Bank Plc, by phone at +358 (9) 4766 9931, or by e-mail at operations@evli.com. The information contained herein is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Japan or the United States. This release does not constitute an offer to sell sha-res in Australia, Japan, Canada or the United States (save for exemption regarding the private place-ment). The shares referred to in the release may only be offered or sold in the United States pursuant to an exemption from registration requirements as provided for in the U.S. Securities Act of 1933, or in a transaction not subject to U.S. Securities Act of 1933 or any applicable laws of the states of the United States. There is no intention to register this offering or any portion of it in the United States or to conduct a public offering of the shares in the United States. This release does not constitute a direct or indirect offer to sell or acquire securities, nor shall there be any sale of the shares in any jurisdiction in which such offer or sale would be unlawful prior to registra-tion of the shares, exemption from registration requirement or other qualification under the securities laws of any such jurisdiction. This release does not constitute an offer of securities to the public in the United Kingdom. No offering circular has been or will be registered in the United Kingdom in respect of the securities, and conse-quently, the offering is directed only to persons who (i) are outside the United Kingdom or (ii) are per-sons falling within Article 19(5) ("investment professionals") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant per-sons"). This release or any of its contents must not be acted on or relied on by persons who are not relevant persons.
RUUKKI GROUP PLC'S OFFERING CIRCULAR IS PUBLISHED - ADDITIONAL INFORMATION INCLUDED IN THE OFFERING CIRCULAR
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