THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING FOR AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON SHARE ISSUE AND ON THE ISSUING OF OTHER SPECIAL RIGHTS THAT ENTITLE TO SHA

Ruukki Group Plc, Stock Exchange Release, 3 February 2009 at 7:20 p.m.          

THE PROPOSAL OF THE BOARD OF DIRECTORS TO THE EXTRAORDINARY GENERAL MEETING FOR 
AUTHORIZING 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 Extraordinary General Meeting that the   
Board of Directors would be authorized 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 authorization shares could be emitted in one or more tranches  
in total a maximum of 100,000,000 new shares or shares owned by the Company.    
This equates approximately 34.5 % of the Company's current registered shares.   
When taking into account the resolution made by the Board in February 2009 to   
cancel 29,000,000 own shares, the proposed 100,000,000 shares' authorisation    
represents about 38.3 % of the total amount of shares after the cancellation.   
The Board of Directors would by virtue of the authorization be entitled to      
decide on the share issues and on the issuing of stock options and other special
rights that entitle to shares.                                                  

The Board of Directors may use the authorization among other things in financing
and enabling corporate and business acquisitions or other arrangements and      
investments of business activity or in the incentive and commitment programs of 
the personal. The Board of Directors proposes that by virtue of the             
authorization the Board of Directors can decide both on share issue against     
payment and on share issue without payment. The payment of the subscription     
price could also be made with other consideration than money. The authorization 
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
as defined in Companies' Act.                                                   

The Board of Directors proposes that the authorization replaces all previous    
authorizations and that it is valid two years as from the decision of the       
General Meeting.                                                                

Espoo on February 3rd, 2009                                                     

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

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                                                              

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.