RUUKKI GROUP PLC'S BOARD DECIDED ON BUYBACK PROGRAM RELATED TO OWN SHARES

Ruukki Group Plc, Stock Exchange Release, 29 September 2008 at 4:25 p.m.        

The Board of Directors of Ruukki Group Plc has resolved, based on the           
authorisation given to it by the Annual General Meeting held on 31 March 2008,  
that Ruukki Group Plc shall acquire at the maximum 10,000,000 company's own     
shares, which is equivalent to 3.45 % of all the shares of the company.         

The shares shall be acquired with the funds from the company's unrestricted     
shareholders' equity and therefore the acquisition of the 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. Shares can in one acquisition occasion be acquired a maximum 
of one fourth (1/4) of the average daily exchange of the preceding month. The   
shares will be acquired to the market value of the acquisition moment formed in 
the trade mentioned above.                                                      

The acquisition of own shares is done to develop the company's capital          
structure, finance and execute corporate acquisitions and other arrangements,   
execute the company's share-based incentive systems or otherwise be transferred 
or cancelled.                                                                   

The acquisition of the shares shall begin after the following interim report of 
the company that is published on November 4th, 2008, so that the acquiring shall
begin the following day after the interim report has been made public, i.e. on  
Wednesday, 5 November 2008.                                                     

The Company does not own its own shares at the moment.                          

The shares shall be acquired according to the section 5 of the Rules of Stock   
Exchange of OMX Nordic Exchange Helsinki related to the acquisition of company's
own shares and otherwise according to the rules related to acquisition of       
company's own shares.                                                           

RUUKKI GROUP PLC                                                                

ALWYN SMIT                                                                      
CHAIRMAN AND CEO                                                                

Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki in which   
the shares of the Company are traded in the mid cap segment, in the industrials 
sector.                                                                         

For additional information, please contact:                                     

Alwyn Smit                                                                      
Chairman and CEO                                                           
Ruukki Group Plc                                                                
Telephone +358 50 442 1663 / +41 7960 19094                                     
www.ruukkigroup.fi                                                              

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