Ruukki Group Plc's Board of Directors invites the shareholders to attend the    
Annual General Meeting that will be held on Monday, 31 March 2008, starting at  
10:00 am. The meeting will be held in Espoo at the address Keilasatama 5, 02150 
Espoo, Merituuli meeting room. On the agenda of the Annual General Meeting there
will be, in addition to issues in accordance with the Company's articles of     
association, the following proposals by the Board of Directors:                 

- Authorising the Board of Directors to decide on share issue and on the issuing
  of other special rights that entitle to shares               
- Authorising the Board of Directors to decide on the acquiring of own shares   
- Authorising the Board of Directors to decide on the transferring of acquired  
  own shares 

Invitation to the Annual General Meeting will be published as a stock exchange  
release on 11 March 2008 and as advertisements in Helsingin Sanomat and         
Kauppalehti on 14 March 2008.                                                   

THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE ANNUAL GENERAL MEETING FOR        
AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON SHARE ISSUE AND ON THE ISSUING  
OF OTHER SPECIAL RIGHTS THAT ENTITLE TO SHARES                                  

The Board of Directors proposes to the Annual General Meeting that the Board of 
Directors would be authorised to decide on the share issue and on the issuing of
stock options and other special rights that entitle to shares.                  

By virtue of the authorisation shares could be emitted in one or more tranches  
in total a maximum of 50,000,000 new shares or shares owned by the Company. This
represents about 17.2 % of the Company's shares outstanding currently. The Board
of Directors would by virtue of the authorisation be entitled to decide on the  
share issues and on the issuing of stock options and other special rights that  
entitle to shares in every way similarly as the Annual General Meeting could    
decide on these.                                                                

The Board of Directors presents that the authorisation would be used among other
things in financing and enabling corporate and business acquisitions or other   
business arrangements and investments or in the incentive and commitment        
programs of the personnel. The Board of Directors proposes that by virtue of the
authorisation the Board of Directors can decide both on share issue against     
payment and on share issue without payment. The Board of Directors proposes also
that the authorisation would contain right to decide on deviating from          
shareholders' pre-emptive right to share subscription provided that there is a  
weighty financial reason for that.                                              

The Board of Directors proposes that the authorisation replaces all previous    
authorisations and that it is valid one year as from the decision of the Annual 
General Meeting.                                                                

THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE ANNUAL GENERAL MEETING FOR        
AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON THE ACQUIRING OF OWN SHARES     

The Board of Directors proposes to the Annual General Meeting that the Board of 
Directors would be authorised to decide on the acquiring of own shares.         

By virtue of the authorisation concerning the acquiring of own shares a maximum 
of 10,000,000 own shares could be acquired with the funds from the company's    
unrestricted shareholders' equity. The compensation paid for acquired shares    
will be determined on the grounds of the trading rate determined to the         
company's share in the OMX Nordic Exchange Helsinki on the day of the           
acquisition.                                                                    

The Board of Directors proposes that the authorisation concerning the           
acquisition of own shares would among other things be used in developing the    
company's capital structure, in financing and executing corporate acquisitions  
and other arrangements, in executing the company's share-based incentive systems
or otherwise in being transferred or cancelled. The acquisition of shares       
reduces the company's distributable non-restricted shareholders' equity.        

The shares will be acquired in a public trade arranged by the OMX Nordic        
Exchange Helsinki at the market value of the acquisition moment formed in this  
trade. Because the shares are acquired in a public trade the acquisition doesn't
correspond to the ownership relations.                                          

The acquisition of the shares can start at the earliest two weeks after the     
Board of Directors has made a unanimous decision about it and after this        
decision has been published in a stock exchange release. Shares can in one      
acquisition occasion be acquired a maximum of one fourth of the average daily   
trading of the preceding month before the decision of the Board of Directors.   

The Board of Directors proposes that the authorisation is valid one year as from
the decision of the Annual General Meeting.                                     

THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE ANNUAL GENERAL MEETING FOR        
AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON THE TRANSFERRING OF ACQUIRED OWN
SHARES                                                                          

The Board of Directors proposes to the Annual General Meeting that the Board of 
Directors would be authorised to decide on the transferring of acquired new     
shares.                                                                         

By virtue of the authorisation concerning the transferring of acquired own      
shares a maximum of 10,000,000 own shares could be transferred. The Board of    
Directors proposes that the Board of Directors has the right to decide on to    
whom shares are issued, that means to transfer shares directed deviating from   
shareholders' pre-emptive right.                                                

The Board of Directors presents that the authorisation concerning the           
transferring of own shares would among other things be used as a compensation in
possible corporate acquisitions or other arrangements or in executing the       
company's share-based incentive schemes in the way and extent the Board of      
Directors decides. The Board of Directors presents that the Board of Directors  
has also the right to decide on the selling of own shares in a public trade     
arranged by the OMX Nordic Exchange Helsinki in order to finance possible       
corporate acquisitions.                                                         

The shares will be granted at the market value of the transfer moment formed in 
the public trade and they can be granted against other compensation than        
pecuniary consideration.                                                        

The Board of Directors proposes that the authorisation is valid one year as from
the decision of the Annual General Meeting.                                     

ELECTION OF THE AUDITOR                                                         

The Board of Directors proposes to the Annual General Meeting that the          
Authorised Public Accountants KPMG Oy Ab and Reino Tikkanen, APA, will be       
re-elected as the auditors of the Company.                                      

DIVIDEND DISTRIBUTION                                                           

The Board of Directors proposes to the Annual General Meeting that a dividend of
4 cents (EUR 0.04) per share would be paid from the retained earnings at the
balance sheet date 31 December 2007. The record date of the dividends would be
3 April 2008 and the payment date 10 April 2008. 

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

Ruukki Group's strategic aim is to concentrate on wood processing within the    
Northern coniferous wood zone. Group business operations will be focused on     
mechanical wood processing, and furthermore on pulp business. 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 mid cap sector, in the industrials      
segment.                                                                        

For further information, please contact:                                        

Matti Vikkula                                                                   
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Telephone +358 45 6700 606                                                      
www.ruukkigroup.fi                                                              

This stock exchange release is based on translation into English of a document  
written in Finnish. In case there would be any potential discrepancies,         
inconsistencies or inaccuracies, the Finnish version of the release shall       
prevail.