Ruukki Group Plc, Stock Exchange Release, 30 December 2008 at 9:45 a.m. RUUKKI GROUP DECREASED ITS STAKE IN FURNITURE BUSINESS Ruukki Group has sold altogether about 23 percent of shares in Incap Furniture Oy, the parent company of its Furniture Business segment, to Teknoventure Oy and Jokilaaksojen Rahastot Oy with a total cash consideration of EUR 200. Both buyers have already previously been shareholders in Incap Furniture Oy. After the transaction Ruukki Group owns about 48.3 % of Incap Furniture Oy's shares, and Ruukki Group does not have actual or potential control of Incap Furniture Oy. Furniture Business has been a separately reported segment of Ruukki Group Plc with about EUR 60.9 million revenue for 1-9/2008 and with EUR 9.6 million negative operating profit (EBIT) for the same period. As a consequence of the transaction, the Furniture Business segment, and its assets and liabilities are not included in the group. Based on consolidated balance sheet as of 30 September 2008, the IFRS-based book value of Incap Furniture group's assets were EUR 27.8 million and liabilities EUR 37.7 million, of which about EUR 6.5 million were from other Ruukki Group's entities. It is estimated that the transaction will not have material effect on group's financial result for the last quarter of 2008. The disposal of Incap Furniture Oy's shares is based on the target of the Board of Directors, as published in conjunction with Q3/2008 interim report on 4 November 2008, to partially or fully dispose of the shares in the Furniture Business. There are ongoing restructuring investigations at Incap Furniture Oy, the outcome of which can affect the future operating model of that business. RUUKKI GROUP PLC Alwyn Smit Chairman of the Board and CEO Ruukki Group specialises in industrial refining of certain natural resources. The Group has two focus areas: Wood Processing and Minerals. Ruukki Group Plc's shares are listed on Nasdaq OMX 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 Antti Kivimaa Deputy CEO, domestic wood processing businesses Ruukki Group Plc Telephone +358 400 501 780 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.