NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES. Ruukki Group Plc published on 24 May 2007 a stock exchange release related to Ruukki Group's amended investment agreements with Kostroma Oblast in Russia. Kostroma Oblast has today, on 28 June 2007, registered Ruukki Group's investment agreements regarding the pulp mills and a saw mill. According to the registered agreements, Ruukki Group is entitled to build 800.000-ton BKP pulp mill or 300.000-500.000-ton BCTMP factory or a combination of them as well as a saw mill with capacity of approximately 300,000 cubic meters. The investment agreements have been approved and Ruukki Group's investments have been included in Kostroma Oblast's register of investment projects. In relation to the registered investment agreements, Kostroma Oblast has committed to granting Ruukki Group fixed-term tax concessions on local taxes, providing necessary harvesting rights to guarantee wood raw material needs for the facilities, as well as collaborating on getting the necessary permits and confirming the needed operational sites. RUUKKI GROUP PLC Antti Kivimaa Managing Director 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. Further information: Antti Kivimaa Managing Director Ruukki Group Plc Tel. +358 400 501 780 www.ruukkigroup.fi