RUUKKI GROUP'S FURNITURE BUSINESS SEGMENT STARTS CO-DETERMINATION NEGOATIONS IN ITS LESTIJÄRVI FACTORY


Hirviset Oy, a subsidiary of Ruukki Group's furniture business segment, started 
co-determination negotiations for financial and production-related reasons at   
the end of October. All of the approximately 60 employees at the Lestijärvi     
factory have been subject to these negotiations. The Lestijärvi factory was to a
major extent destroyed in the fire that took place at the end of June 2007.     

All employees of Lestijärvi factory have been offered new jobs at other         
factories of Ruukki Group's furniture business segment. A total of 17 employees 
will move to these other production facilities. Altogether 38 employees shall be
given immediate notice due to financial and production-related reasons. The     
non-recurring costs related to these redundancies are estimated to total        
approximately EUR 0.2 million.                                                  

The insurance compensation processes related to Lestijärvi fire are still       
partially open. It has previously been announced that the net expected insurance
compensation, taking into account the asset write-downs, to be shown in the     
fiscal year 2007 income statement of Incap Furniture group amounts to somewhat  
more than EUR 2 million. In addition to this and based on agreements,
non-recurring insurance compensations totaling approximately EUR 1.9 million
will also be recognised in the fiscal year 2007 income statement. 

RUUKKI GROUP PLC                                                                

MATTI VIKKULA                                                                   
CHIEF EXECUTIVE OFFICER                                                         

Ruukki Group focuses on wood-based industrial business operations. Currently the
group operations are located mainly in Finland, but in future the targeted      
emphasis is principally in Russia. Ruukki Group Plc's share is listed on        
Helsinki Stock Exchange. In the OMX Nordic Exchange the shares of the company   
are traded in the so-called mid cap sector, in the industrials segment.         


For further information, please contact:                                        

Antti Kivimaa                                                                   
Senior Executive Vice President                                                 
Ruukki Group Plc                                                                
Telephone +358 400 501 780                                                      
www.ruukkigroup.fi                                                              

Veli Torvinen                                                                   
Managing Director                                                               
Incap Furniture Oy                                                              
Telephone +358 40 551 0665                                                      
www.incapfurniture.fi