Ruukki Group Plc, Stock Exchange Release, 30 October 2008 at 08:58 a.m. The Extraordinary General Meeting of Ruukki Group Plc decided in accordance with the Board's proposal on Tuesday 28 October 2008 to carry out acquisition into chrome ore and ferrochrome businesses. The Company has on 28 October 2008 published a stock exchange release related to the resolutions by the Extraordinary General Meeting, and furthermore, on 10 October 2008 announced all the Board's proposals. The Board of Directors has, based on the resolution by the Extraordinary General Meeting referred above, completed the closing of the acquisition, and consequently Ruukki Group Plc has paid EUR 80 million in cash to Kermas Limited as purchase consideration. Hence, Ruukki Group owns all the shares in the Maltese RCS Limited and approximately 98.75 % of the shares in the Turkish Türk Maadin Sirketi A.S. Moreover, in accordance with the resolution by the Ruukki Group Plc's Extraordinary General Meeting, and as method of payment for potential future earn-out consideration, Kermas Limited has been granted altogether 73,170,731 option rights, whose strike price is EUR 2.30 per share (with dividend adjustment) and whose exercise is tied to the net income of the acquisition target during the financial years 2009 - 2013. The business acquired will form a segment to be reported separately, and it will have effect from November on the consolidated group revenue, results, financial position and cash flows. RUUKKI GROUP PLC Alwyn Smit Chairman of the Board 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 of the Board and CEO Ruukki Group Plc Telephone +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.
RUUKKI GROUP PLC COMPLETED THE CLOSING OF ITS CHROME BUSINESS ACQUISITION
| Source: Afarak Group Plc