THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING FOR RESOLVING ON OPTION RIGHTS TO CEO

Ruukki Group Plc, Stock Exchange Release, 10 October 2008 at 12:31 p.m.         

Board of Directors of Ruukki Group Plc proposes to the Extraordinary General    
Meeting that as a part of the rewarding and incentive plan the company would    
give, in deviation from the shareholders´ pre-emptive right of subscription, in 
total maximum 2,900,000 option rights according to the terms described more     
strictly in annex. The option rights would entitle the owner to subscribe in    
total maximum 2,900,000 new shares or shares that are in the possession of the  
company.                                                                        

The option rights would be given to the company's CEO Alwyn Smit to increase his
commitment and work motivation. As the option rights are meant to be a part of  
the company's rewarding and incentive plan there is a weighty financial reason  
to deviate from the shareholders' pre-emptive right.                            

The subscription price of the option rights is EUR 2.30 per share. The share    
subscription period for 1,450,000 stock options commences on October 1, 2009 and
for 1,450,000 stock options on October 1, 2010. The subscription period matures 
on December 31, 2015.                                                           

ESPOO ON OCTOBER 10, 2008 

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

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 of the Board 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.