SUBSCRIPTIONS APPROVED IN RUUKKI GROUP PLC'S DIRECTED SHARE ISSUE


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.   
                               
Ruukki Group Plc's (”Ruukki Group” or the ”Company”) board of directors has     
today approved the subscriptions of 130,000,000 new Company shares allocated in 
the share issue. As a result of the share issue, the total registered number of 
Ruukki Group shares in the Trade Register will increase to 270,234,022 shares.  
All the shares subscribed in the share issue have been paid in full. The        
subscription price will be credited in full to the paid-up unrestricted equity  
reserve. All the shares subscribed in the share issue will entitle their holder 
to any full dividends and will rank pari passu with the Company's existing      
shares after they have been registered with the Trade Register.                 

The interim shares representing the new shares subscribed for in the share issue
have been traded on the OMX Nordic Exchange as of 25 June 2007. The new shares  
subscribed for in the share issue will be registered with the Trade Register and
the interim shares will be combined with the Company's existing shares on or    
about 29 June 2007. The trading with the new shares will commence on or about 29
June 2007.                                                                      

The possible issuance of additional new shares in accordance with the           
over-allotment option will be announced separately later.                       

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                                                              

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 shares in      
Australia, Japan, Canada or the United States (save for exemption regarding the 
private placement). 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 registration 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 consequently, 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.