NEW SHARE-BASED INCENTIVE SCHEME FOR RUUKKI GROUP KEY PERSONS FOR 2008-2010

Ruukki Group Plc's board of directors has decided on establishing a share-based 
incentive scheme for key persons in the Company and its group for the years     
2008-2010. Ruukki Group Plc's board of directors and CEO are not within the     
scope of the incentive scheme. Key persons will be issued option rights, and new
shares in Ruukki Group Plc will be offered to them for subscription, on the     
basis of the incentive scheme.                                                  

ISSUING OPTION RIGHTS AS PART OF THE INCENTIVE SCHEME                           

The Company's board of directors decided on the issuing of option rights        
entitling to shares in the company based on the authorization issued by the     
annual general shareholders' meeting held on 20 April 2007. A maximum of        
7,350,000 option rights will be issued, which will entitle the recipients to    
subscribe for a total of 7,350,000 new shares in Ruukki Group Plc. The Company's
board of directors can, if it so chooses, decide that instead of new shares,    
option right holders will be offered treasury shares held by the Company, or    
other shares will be allotted for purchase by option right holders at a price   
equivalent to the subscription price, in which case the Company's shareholding  
will not be diluted in this respect.                                            

The option rights will be issued without consideration for subscription by the  
Company's fully-owned subsidiary, Rekylator Oy (the “Subsidiary”). The          
subscription period for the option rights is 15 February 2008 - 15 March 2008.  
The Subsidiary will later, by a decision of the board of directors, distribute  
option rights without consideration to key persons who are currently in Ruukki  
Group's service or who will be hired later, in accordance with the instructions 
of the board of directors.                                                      

The purpose of the option rights is to encourage commitment in the key persons  
as well as to reward them for meeting the targets set annually in advance by the
board of directors for 2008, 2009, and 2010. The targets will be connected to   
the realization of Ruukki Group Plc's international expansionary business       
strategy (e.g. the completion of the Kostroma production facility or the        
realization of separately defined financial targets). The number of option      
rights to be issued to key persons will also depend on each key person's        
position or duties.                                                             

DIRECTING NEW SHARES FOR SUBSCRIPTION BY KEY PERSONS AS PART OF THE INCENTIVE   
SCHEME                                                                          

The Company's board of directors has decided, based on the authorization issued 
by the annual general shareholders' meeting held on 20 April 2007, on directing 
a maximum total of 3,150,000 new shares for subscription by key persons as part 
of the incentive scheme described above. The subscription price per share will  
be the volume-weighted average trading price of the Company's shares on the     
Helsinki Stock Exchange over a period of twenty (20) trading days following 15  
November 2007. The shares must be subscribed for by 15 March 2008, at the       
latest. The shares are subject to a three-tier transfer restriction. The first  
transfer restriction will terminate on 1 March 2010, the second on 1 March 2011,
and the third on 1 March 2012.                                                  

Key persons are entitled to a larger number of option rights issued for         
commitment and rewarding purposes if they subscribe for Ruukki Group Plc shares 
in the directed share issue. The number of shares directed to key persons will  
depend on each key person's position or duties.                                 


RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              
                                                                                

Ruukki Group focuses on wood-based industrial business operations. Currently the
group operations are located mainly in Finland, but in future the targeted      
emphasis is principally in Russia. Ruukki Group Plc is listed on the Helsinki   
Stock Exchange. The company's share is quoted on the OMX Nordic Exchange under  
the Mid Cap segment in the Industrials sector.                                  
                                                                                

For further information, please contact:                                        
                                                                                

Matti Vikkula                                                                   
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Phone +358 45 6700 606                                                          
www.ruukkigroup.fi