RUUKKI GROUP'S SECOND QUARTER 2008 INTERIM REPORT - CHALLENGING MARKETS IN WOOD-PROCESSING INDUSTRIES, EXPANSION INTO MINERALS BEING EVALUATED AND PREPARED

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Ruukki Group Plc, Interim Report, 5 Aug 2008 at 9:30 a.m.                       

SUMMARY OF FINANCIAL PERFORMANCE                                                

Ruukki Group's consolidated revenue from continuing operations during 1-6/2008  
totalled EUR 118.4 million (1-6/2007: EUR 85.0 million). Revenue growth was 39  
%. Comparable revenue for the first six months of 2008 was approximately 5 %    
lower than that of previous year.                                               
                                                                                
The business segments accounted for consolidated January-June revenue as        
follows, presented as percentage share of total revenue from continuing         
operations: Sawmill Business 43 % (34 %), Furniture Business 36 % (29 %), House 
Building 21 % (33 %). Discontinued operations accounted for 8 % (9 %) of the    
total Group revenue.                                                            

Approximately 53 % (1-6/2007: 39 %) of total revenue were for exports.          

The operating profit (EBIT) from continuing operations for the period under     
review was EUR -4.1 million (1-6/2007: EUR 5.1 million), or -3.4 % (6.0 %) of   
revenue. The comparable operating profit was about EUR -4.2 million (EUR 5.0    
million) when taking into account the effect of corporate restructurings.       

The profitability of the Sawmill Business segment was clearly below previous    
year's level, and the segment generated operating losses due to increased costs 
and slow-down in global demand. The Furniture Business segment did have better  
profitability than in 2007, but the results did not meet set targets. The House 
Building segment's relative profitability has remained at the historical levels.

During the review period altogether EUR 7.3 million expenses related to Russian 
investment projects and their preparation were recognised. These expenses       
include about EUR 2.5 million impairment on assets. During the financial year   
2007 the total expenses on Russian investment projects' preparations recognised 
in the group income statement were EUR 2.4 million during January - June, and   
approximately EUR 3.5 million for the full financial year 2007.                 

GROUP KEY FIGURES, CONTINUING OPERATIONS, EUR MILLION                           

--------------------------------------------------------------------------------
|                                    |    Q2/2008 |     Q2/2007 |         2007 |
--------------------------------------------------------------------------------
|                                    | 6 months / |  6 months / |  12 months / |
|                                    |     30 Jun | 30 Jun 2007 |  31 Dec 2007 |
|                                    |       2008 |             |              |
--------------------------------------------------------------------------------
| Revenue                            |      118.4 |        85.0 |        197.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|   EBIT, Finnish businesses         |        3.3 |         7.5 |         18.9 |
--------------------------------------------------------------------------------
|  EBIT, Russian investment projects |       -7.3 |        -2.4 |         -3.5 |
--------------------------------------------------------------------------------
| Total operating profit (EBIT) from |       -4.1 |         5.1 |         15.4 |
| continuing operations              |            |             |              |
--------------------------------------------------------------------------------
|    % of revenue                    |     -3.4 % |       6.0 % |        7.8 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings before taxes              |        1.7 |         4.6 |         19.1 |
--------------------------------------------------------------------------------
|    % of revenue                    |      1.4 % |       5.4 % |        9.7 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit                         |        0.2 |         2.0 |         13.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, % *)             |      0.1 % |       1.9 % |        5.8 % |
--------------------------------------------------------------------------------
| Return on capital employed, % *)   |      2.0 % |       4.7 % |        8.0 % |
--------------------------------------------------------------------------------
| Equity ratio, %                    |     78.9 % |      81.9 % |       85.1 % |
--------------------------------------------------------------------------------
| Earnings per share, undiluted      |       0.00 |        0.01 |         0.06 |
| (EUR)                              |            |             |              |
--------------------------------------------------------------------------------
| Earnings per share, diluted (EUR)  |       0.00 |        0.01 |         0.06 |
--------------------------------------------------------------------------------
| Equity per share, EUR              |       1.37 |        1.30 |         1.41 |
--------------------------------------------------------------------------------
| Average number of shares,          |    290,034 |     146,165 |      217,889 |
| undiluted (1,000)                  |            |             |              |
--------------------------------------------------------------------------------
| Average number of shares, diluted  |    300,084 |     149,751 |      221,432 |
| (1,000)                            |            |             |              |
--------------------------------------------------------------------------------
| Number of shares outstanding, end  |    290,034 |     270,534 |      290,034 |
| of period (1,000)                  |            |             |              |
--------------------------------------------------------------------------------
*) when six month's financial figures have been annualised                      
All the figures in the table above representing continuing operations, so all   
the effects of the discontinued operations are excluded.                        

GROUP STRATEGY AND GUIDANCE FOR 2008                                            

Ruukki Group's Board of Directors has redefined the Group strategy during the   
second quarter of 2008. The Group is aiming at expanding its operations by      
entering into minerals business in order to optimise the return on capital      
employed. This expansion shall, if realised, significantly change Group's       
business and geographical focus as well as impact risks. The existing           
wood-processing related industrial operations in Finland will be strengthened to
manage and optimise their operations. The Russian investment projects, being    
planned and implemented during the past two years will be continued - the saw   
mill project according to the original plan, and the pulp mill project adjusted.

Group's consolidated revenue from continuing operations for the full fiscal year
2008 is expected to be close to EUR 250 million. Group's earnings before        
interest and taxes (EBIT) from continuing operations are expected to be
slightly negative when excluding any potential new acquisitions. This guidance
is based on forecasts made by the Group's and subsidiaries' management, market
prognosis in various industries and the Group order book at the end of second
quarter. 

CHAIRMAN ALWYN SMIT:                                                            

- ” The most significant development during the second quarter was the decision 
to broaden Ruukki Group's portfolio into minerals business, in the first phase  
into chrome ore and ferro chrome sectors. The company is currently working on   
the transaction, announced in early June, to complete the acquisition of Kermas 
Limited's chrome ore assets in Turkey and the related sales operations in Malta.
In the meantime, we are focusing on the finalising the needed due diligence
processes. Furthermore, we are taking a very close look into the existing
operations in Finland and into the various implementation options in Russian
investment projects in order to enhance their profitability and to continue to
scaling down Russian project-specific expenses.” 
                                                                                
PRESS AND ANALYSTS BRIEFING                                                     

Ruukki Group Plc holds a conference call at 4:00 pm Finnish time in English.    
Chairman Alwyn Smit will present the interim report. Moreover, at 12:00 o'clock 
Finnish time a briefing will be held in Finnish at World Trade Center Helsinki  
premises at the address Aleksanterinkatu 17, 00100 Helsinki. To attend these    
events, please register via email to marjo.lonka@ruukkigroup.fi. Further        
instructions to participate in the conference call will be given after          
registration.                                                                   

For any further information, please contact:                                    

Alwyn Smit                                                                      
Chairman of the Board                                                           
Ruukki Group Plc                                                                
Telephone +358 50 442 1663 / +41 7960 19094
www.ruukkigroup.fi                                                              

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.                                                                         

This Interim Report is based on translation into English of a document written  
in Finnish. In case there would be any potential discrepancies, inconsistencies 
or inaccuracies, the Finnish version of the Interim Report shall prevail.       


RUUKKI GROUP PLC: INTERIM REPORT, 1 JANUARY - 30 JUNE 2008                      

KEY EVENTS DURING THE SECOND QUARTER (1 APR - 30 JUN 2008)                      

Strategy redefinition                                                           

On 19 May the Board of Directors at Ruukki Group Plc, based on board's strategy 
meeting decided to redefine the Group's strategy by diversifying into new       
business areas. The Group will expand both in geographic and industry terms,    
utilising in full the best expertise and contacts available to the Board. The   
goal is to increase and maximise the return on the Group's significant balance  
sheet potential, as soon as possible. Ruukki Group will enter into the minerals 
business and will initially focus on opportunities in the chrome and ferro      
chrome sectors. With regard to the forestry business, the Board decided to      
strengthen Ruukki's Finnish operations and to proactively pursue its Russian    
opportunities.                                                                  

Preliminary agreement about acquisition into minerals business                  

In early June it was announced that Ruukki Group Plc entered into a preliminary 
agreement with Kermas Limited to acquire Kermas Limited's chrome ore operations 
in Turkey and related sales operations in Malta. According to the preliminary   
agreement, the initial purchase price is EUR 200 million and the seller will    
provide Ruukki Group Plc with an EBITDA performance guarantee for the period of 
1 July 2008 - 30 June 2012 at the level of EUR 50 million per year. The         
enterprise value of the operations to be acquired will be based on the future   
years' actual realised IFRS-based minimum cumulative EBITDA level of EUR 200    
million for four years. In the preliminary agreement, the parties agreed on an  
earn-out component equalling 50 % of the amount in excess of the EUR 200,000,000
cumulative EBITDA level for the four-year period starting 1 July 2008.          

Ruukki Group Plc has decided to initially focus its mineral operations on       
ferrochrome market. Subject to successful closing of the transaction, it is     
intended that Kermas Limited will offer all new opportunities in minerals and   
mining that it is working on now and in the future first to Ruukki Group Plc.   
The completion of the transaction is conditional upon fulfilment of certain     
conditions, which include for example satisfactory due diligence reviews of the 
operations to be acquired, the seller providing the EBITDA guarantee as         
described above, receipt of relevant governmental and regulatory approvals and  
approval of the transaction by the shareholders' meeting of Ruukki Group Plc.   

As the transaction, if finalised, is to be done with a related party, the Board 
of Directors of Ruukki Group Plc will obtain a fairness opinion of the purchase 
price. HSBC Bank plc has been elected as the party to give the fairness opinion.
HSBC will also act as the process coordinator to enable effective execution of  
the due diligence processes currently ongoing.                                  

Ruukki Group has so far not yet in all respects received adequate information to
evaluate the transaction target and to have the basis for fairness opinion, and 
therefore the due diligence processes are still ongoing. Therefore, the Company 
assumes that the original target of finalising the transaction by the end of    
August will not be met. Based on current information the Company has, the       
transaction is estimated to be confirmed in late September at the earliest by an
extraordinary general meeting to be separately convened. The final structure of 
the transaction is subject to further evaluation and depends also on final due  
diligence findings.                                                             

Financial forecast for 2008 redefined                                           

In mid-June it was announced by the Board that Ruukki Group Plc redefines its   
financial forecast for this year. The financial outlook of the wood processing  
business area for the current year is more moderate than previously assumed, but
on the other hand the pending chrome business transaction can, if finalised,    
very significantly enhance the profitability of the latter half of 2008. The    
economically weaker outlook is based on lower than expected output delivery     
volumes in the furniture business segment, as well as on decline in demand and  
prices in the sawmill business segment. Moreover, of the expenses related to    
preparation of Russian sawmill and pulp mill investment more than originally    
anticipated will be recognised as expenses. In order to improve financial       
performance Ruukki Group will immediately assess opportunities to reduce        
operational costs. In the short-term emphasis will be on scaling down the       
Russian project-specific and group level costs. The Russian investment project  
will be continued - for the sawmill as planned and for the pulp mill adjusted.  
In order to improve profitability and operational efficiency Ruukki Group has   
decided to slightly adjust its sawmilling capacity by having longer production  
stoppage during the summer than customarily has been done in the past.          
Furthermore, Group's own kiln capacity will be increased so that dependence on  
external parties declines and so that one prerequisite for better profitability 
can be achieved.                                                                

Additional chrome opportunity offered                                           

Kermas Limited has offered Ruukki Group the opportunity to acquire all the      
shares in MOGALE, which is a South African based smelter operation and can      
produce annually 150,000 metric tons of various grades of charge chrome. The    
independent board members of Ruukki Group will assess the MOGALE opportunity,   
including tendering for needed third-party advisors, and will inform the market 
accordingly.                                                                    

Care Services segment divested                                                  

At the end of June Ruukki Group entered into an agreement to sell all the shares
of Mikeva Oy, the parent company of its Care Services business, to DF-Care Oy   
that is owned by a fund owned by Intera Equity Partners.                        

Impairment recognised in Russian investment projects                            

Based on the strategic decision to adjust the implementation of the Russian pulp
project, the Board has, based on indications of impairment, decided during the  
second quarter to make altogether EUR 1.8 million impairment on assets related  
to Russian investment projects. Of this impairment about EUR 1.1 million relates
to property in Russia and about EUR 0.7 million to pulp project intangibles. The
total impairment during 2008 is therefore about EUR 2.5 million.                

KEY EVENTS AFTER THE SECOND QUARTER (1 JULY OR AFTER)                           

Cost savings action implemented                                                 

As part of the targeted cost-saving action, the number of Russian investment    
projects' staff at the Group headquarters was adjusted down with immediate      
effect. Moreover, ongoing activity and use of external consultants has been     
scaled down for the time being. Therefore, the run-rate of costs is expected to 
go down to major effect even though for short-term there might be non-recurring 
severance and other scale-down costs. Moreover, there is an analysis ongoing on 
ways to further decrease the level of fixed costs on a broader basis.           

Care Services segment divestment finalised                                      

The transaction to dispose of the Care Services segment was closed in the       
beginning of July. The business has been presented in the Group Q2/2008 income  
statement as a discontinued operation, and its assets and liabilities are shown 
separately as assets and liabilities classified as held for sale. The net sales 
gain, to be realised in Q3/2008 and whose final amount will be settled only     
later during Q3/2008, is estimated to be EUR 12 million. The cash consideration 
paid in July to Ruukki Group Plc by the buyer was EUR 10.2 million. According to
the transaction, Ruukki Group Plc's receivables from the sold subsidiary have   
been converted into non-interest-bearing vendor notes, whose total nominal      
amount is about EUR 3.8 million, given to the buyer to be paid back in arrears  
over the next three years. Moreover, Ruukki Group Plc has until the end of 2012 
a call option to buy up to 5 % of the buyer's shares.                           

Decisions by Extraordinary General Meeting                                      

Ruukki Group Plc's Extraordinary General Meeting was held in Espoo on Friday 11 
July 2008.                                                                      

The number of Board members was decided to be five.                             

Markku Kankaala and Alwyn Smit were re-elected to the Board. Tom Borman, Esa    
Hukkanen and Jelena Manojlovic were elected as new Board members. After the     
Extraordinary General Meeting the Board organised itself so that Alwyn Smit was 
elected as the Chairman of the Board.                                           

The Extraordinary General Meeting resolved the compensation of the Board of     
Directors as follows: Chairman of the Board EUR 30,000 per month, and EUR 5,000 
per month for each member. The position of the Chairman is full-time.           

Moreover, RCS Trading Corporation Limited, a shareholder of Ruukki Group Plc,   
told that it will in the next shareholders' meeting propose that the Chairman of
the Board would be granted altogether 2,900,000 option rights with a strike     
price of EUR 2.30 per share.                                                    

Changes in the group management                                                 

As published on 22 July, Ruukki Group Plc`s Chief Executive Officer and Managing
Director Matti Vikkula and the company agreed to terminate the service agreement
of Mr. Vikkula effective as of 31 July 2008. The Board of Directors is currently
reviewing how the group management structure will be organised.                 

Referring to the stock exchange release on 4 August 2008, Tom Borman resigned   
from the Board, which thereafter until the next shareholders' meeting has four  
members.                                                                        

DEVELOPMENT BY BUSINESS SEGMENT                                                 

SAWMILL BUSINESS                                                                

The Sawmill Business segment specialises in the efficient processing of softwood
logs from Northern Finland into various timber products for both domestic and   
export markets. The construction industry forms the business area's main        
customer group in both Finland and elsewhere, because the Group's products are  
very well suited to house building thanks to their strength properties.         

Revenue and operating profit (EBIT) of the Sawmill Business segment:            

--------------------------------------------------------------------------------
| EUR MILLION    |  1-6/2008 |  1-6/2007 |  4-6/2008 |   4-6/2007 |  1-12/2007 |
--------------------------------------------------------------------------------
| Revenue        |      50.3 |      29.2 |      28.1 |       16.6 |       59.4 |
--------------------------------------------------------------------------------
| EBIT           |      -0.6 |       4.2 |      -0.7 |        2.4 |        6.4 |
--------------------------------------------------------------------------------
| EBIT margin    |    -1.1 % |    14.3 % |    -2.4 % |     14.4 % |     10.8 % |
--------------------------------------------------------------------------------

Quarterly and annual revenue for the Sawmill Business segment as from 1 Jan     
2007:                                                                           

--------------------------------------------------------------------------------
| EUR million                    |             4-6/2008 |             1-3/2008 |
|                                |             (3 mths) |             (3 mths) |
--------------------------------------------------------------------------------
| Revenue                        |                 28.1 |                 22.2 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| EUR million    | 10-12/200 |  7-9/2007 |  4-6/2007 |   1-3/2007 |  1-12/2007 |
|                |         7 |  (3 mths) |  (3 mths) |   (3 mths) |  (12 mths) |
|                |  (3 mths) |           |           |            |            |
--------------------------------------------------------------------------------
| Revenue        |      14.4 |      15.8 |      16.6 |       12.6 |       59.4 |
--------------------------------------------------------------------------------

From March 2007 Oplax Oy, which produces wooden pallets, and from February 2008 
Junnikkala subgroup have been consolidated into Sawmill Business segment's      
figures.                                                                        
                                                                                
Quarterly and annual EBIT for the Sawmill Business segment as from 1 Jan 2007:  

--------------------------------------------------------------------------------
| EUR      | 4-6/20 | 1-3/20 | 10-12/2 | 7-9/20 | 4-6/200 | 1-3/200 | 1-12/200 |
| million  |  08 (3 |  08 (3 |     007 |     07 |       7 |       7 |        7 |
|          |  mths) |  mths) |      (3 |     (3 |      (3 |      (3 |      (12 |
|          |        |        |   mths) |  mths) |   mths) |   mths) |    mths) |
--------------------------------------------------------------------------------
| EBIT     |   -0.7 |    0.1 |     0.4 |    1.8 |     2.4 |     1.4 |      6.0 |
| excludin |        |        |         |        |         |         |          |
| g        |        |        |         |        |         |         |          |
| one-off  |        |        |         |        |         |         |          |
| items    |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| EBIT,    |    0.0 |    0.0 |     0.0 |    0.0 |     0.0 |     0.4 |      0.4 |
| one-off  |        |        |         |        |         |         |          |
| items *  |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| Total    |   -0.7 |    0.1 |     0.4 |    1.8 |     2.4 |     1.8 |      6.4 |
| EBIT     |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
* the realised insurance compensation, totalling EUR 0.4 million, that was      
received in Q1/2007 has been presented as a one-off item above                  

The volume in cubic meters of sawn wood production:                             

--------------------------------------------------------------------------------
|                |  1-6/2008 |  1-6/2007 |  4-6/2008 |   4-6/2007 |  1-12/2007 |
--------------------------------------------------------------------------------
| ‘000 m3        |       169 |        88 |        98 |         46 |        180 |
--------------------------------------------------------------------------------

In the Sawmill Business segment sawn timber market prices have considerably     
declined compared to the end of 2007, which as combined with high capital       
requirements of the business, and the level of depreciations thereby, has in its
part contributed to the clear deterioration of relative profitability compared  
to previous financial year. Since the global economic slowdown has had a major  
effect on the demand for saw timber, and the market supply has not yet been     
adjusted, the resulted oversupply has depressed market prices.  The stumpage    
prices of raw material and related transportation costs have not decreased to   
the extent that sales prices have trended down.                                 

During the first quarter the majority in Junnikkala group was acquired, which   
has considerably increased segment's revenue from February onwards. The segment 
has set a target to utilise more than previously opportunities for intra-group  
synergies in purchases, sales and other operations. Post-merger integration of  
Junnikkala group  was continued during the second quarter and the investment    
program aimed to increase productivity within Junnikkala was launched according 
to the plan resulting in temporary closedowns of production.                    

At the end of June 2008 the Sawmill Business segment employed a total of 208    
employees (30 Jun 2007: 109).                                                   

FURNITURE BUSINESS                                                              

The Furniture Business segment manufactures wooden, ready-to-assemble furniture 
operating mainly as a contract manufacturer for large global furniture chains.  

Revenue and operating profit (EBIT) of the Furniture Business segment:          

--------------------------------------------------------------------------------
| EUR million    |  1-6/2008 |   1-6/2007 |  4-6/2008 |  4-6/2007 |  1-12/2007 |
--------------------------------------------------------------------------------
| Revenue        |      42.5 |       24.5 |      21.5 |      19.5 |       68.7 |
--------------------------------------------------------------------------------
| EBIT           |       1.2 |       -1.4 |      -0.4 |      -0.2 |        2.6 |
--------------------------------------------------------------------------------
| EBIT margin    |     2.7 % |     -5.9 % |    -1.8 % |    -1.2 % |      3.8 % |
--------------------------------------------------------------------------------

Quarterly and annual revenue for the Furniture Business segment as from 1 Jan   
2007 (as subsidiary from 1 Mar 2007):                                           

--------------------------------------------------------------------------------
| EUR million                   |            4-6/2008 |               1-3/2008 |
|                               |            (3 mths) |               (3 mths) |
--------------------------------------------------------------------------------
| Revenue                       |                21.5 |                   21.1 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| EUR million    | 10-12/200 |   7-9/2007 |  4-6/2007 |  1-3/2007 |  1-12/2007 |
|                |         7 |   (3 mths) |  (3 mths) |  (3 mths) |  (12 mths) |
|                |  (3 mths) |            |           |           |            |
--------------------------------------------------------------------------------
| Revenue        |      25.7 |       19.2 |      19.5 |       5.0 |       68.7 |
--------------------------------------------------------------------------------

Quarterly and annual EBIT for the Furniture Business segment as from 1 Jan 2007 
(as subsidiary from 1 Mar 2007):                                                

--------------------------------------------------------------------------------
| EUR      | 4-6/20 | 1-3/20 | 10-12/2 | 7-9/20 | 4-6/200 | 1-3/200 | 1-12/200 |
| million  |  08 (3 |  08 (3 |     007 |     07 |       7 |       7 |        7 |
|          |  mths) |  mths) |      (3 |     (3 |      (3 |      (3 |      (12 |
|          |        |        |   mths) |  mths) |   mths) |   mths) |    mths) |
--------------------------------------------------------------------------------
| EBIT     |   -0.5 |    0.7 |     0.8 |   -1.0 |    -0.2 |    -1.2 |     -1.6 |
| excludin |        |        |         |        |         |         |          |
| g        |        |        |         |        |         |         |          |
| one-off  |        |        |         |        |         |         |          |
| items    |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| EBIT,    |    0.9 |    0.9 |     2.3 |    2.0 |     0.0 |     0.0 |      4.3 |
| one-off  |        |        |         |        |         |         |          |
| items *  |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| Total    |   -0.4 |    1.6 |     3.1 |    1.0 |    -0.2 |    -1.2 |      2.6 |
| EBIT     |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
* One-off items fully relate to the June 2007 fire at the Lestijärvi mill: the  
figure in the table above is the net of insurance compensation and impairment on
destroyed assets.                                                               

The operating profitability of the second quarter 2008 excluding one-off items  
has been negative due to production inefficiencies. Furniture Business segment  
is currently reviewing various ways to enhance the efficiency and profitability 
of its operations, which may impact the future role of its current production   
facilities and their output. The liquidity of the subgroup has remained fair.   
There were totally 339 employees employed by the segment at the end of June (30 
Jun 2007: 329).                                                                 

HOUSE BUILDING                                                                  

The House Building business segment specialises in the design, manufacture and  
assembly of ready-to-move-in detached wooden houses in the whole of Finland. The
business area's customers are Finnish families and private persons.             

The House Building business area has delivered wooden ready-to-move-in houses to
customers as follows:                                                           

--------------------------------------------------------------------------------
|     1-6/2008 |     1-6/2007 |      4-6/2008 |      4-6/2007 |      1-12/2007 |
--------------------------------------------------------------------------------
|          184 |          221 |            79 |           108 |            473 |
--------------------------------------------------------------------------------

Revenue and operating profit (EBIT) of the House Building segment:              

--------------------------------------------------------------------------------
| EUR million    |  1-6/2008 |   1-6/2007 |  4-6/2008 |  4-6/2007 |  1-12/2007 |
--------------------------------------------------------------------------------
| Revenue        |      24.8 |       28.1 |      10.7 |      14.0 |       62.4 |
--------------------------------------------------------------------------------
| EBIT           |       4.9 |        5.6 |       2.1 |       3.0 |       13.3 |
--------------------------------------------------------------------------------
| EBIT margin    |    19.6 % |     19.8 % |    19.5 % |    21.4 % |     21.4 % |
--------------------------------------------------------------------------------

The revenue from ready-to-move-in houses delivered by the business area is      
recognised upon delivery to the customer, for which reason sites in progress    
have no effect on the Group's revenue or profit.                                

The second quarter revenue was about 24 % lower than during Q1/2008 or Q2/2007. 
There were totally 116 employees employed by the segment at the end of June 2008
(30 Jun 2007: 151).                                                             

INVESTMENT PROJECTS                                                             

The preparations of the Russian investment projects are continued. The target of
Ruukki Group has been establishing a modern integrated industrial facility      
operating in mechanical wood processing and pulp business. Based on the decision
by the Board in March 2008 to cancel the preparations and implementation of     
Kostroma investment projects, the search for a new location thereafter and the  
Board's decision in June to continue with the saw mill project as planned and   
with the pulp mill project adjusted, the Group is currently reviewing its       
technical, financial and partnership options on how, where and when to implement
the projects. The Group has started litigation processes against the Kostroma   
region's administration. There are major uncertainties as to the results,       
timetables, expenses, technical and financial concepts and other details that   
can to substantial extent affect how the Group's Russian strategy will be       
carried out.                                                                    

Quarterly and annual EBIT for the Investment Projects segment as from 1 Jan     
2007:                                                                           

--------------------------------------------------------------------------------
| EUR      | 4-6/20 | 1-3/20 | 10-12/2 | 7-9/20 | 4-6/200 | 1-3/200 | 1-12/200 |
| million  |  08 (3 |     08 |     007 |     07 |       7 |       7 |        7 |
|          |  mths) |     (3 |      (3 |     (3 |      (3 |      (3 |      (12 |
|          |        |  mths) |   mths) |  mths) |   mths) |   mths) |    mths) |
--------------------------------------------------------------------------------
| EBIT     |   -3.0 |   -1.8 |    -0.8 |   -0.3 |    -1.5 |    -0.9 |     -3.5 |
| excludin |        |        |         |        |         |         |          |
| g        |        |        |         |        |         |         |          |
| one-off  |        |        |         |        |         |         |          |
| items    |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| EBIT,    |   -1.8 |   -0.7 |     0.0 |    0.0 |     0.0 |     0.0 |      0.0 |
| one-off  |        |        |         |        |         |         |          |
| items *  |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
| Total    |   -4.8 |   -2.5 |    -0.8 |   -0.3 |    -1.5 |    -0.9 |     -3.5 |
| EBIT     |        |        |         |        |         |         |          |
--------------------------------------------------------------------------------
* the one-off items above consist of EUR 2.5 million impairment on previously   
capitalised expenses due to the decision to cancel the implementation of        
Kostroma investment projects and due to the decision to adjust the pulp project 
implementation compared to the original plan.                                   

Ruukki Group has purchased sawmill machinery and equipment and related design   
works, originally designated for the Kostroma sawmill. This machinery and       
equipment is currently being temporarily warehoused in Finland. The total       
irrevocable commitments on the delivery and assembly of the equipment are close 
to EUR 26 million, of which about half has already been paid. The machinery     
purchases and design work for the Russian sawmill, excluding administrative and 
other survey expenses, have generated a total of about EUR 12 million fixed     
assets under construction into the consolidated balance sheet at the end of the 
review period.                                                                  

OTHER OPERATIONS                                                                

Of the revenue not recognised in separately reported segments majority relates  
to the Group's Metal Industry subgroup. 

Associated companies have been consolidated in the consolidated financial       
statements by applying the equity method. The income from associates was about  
EUR 0.2 million in the Group income statement for the first half of 2008.       

The Group's parent company generated most of the expenses presented in the Other
Operations category. That includes also non-cash option expenses.               

OUTLOOK FOR THE FUTURE                                                          

Ruukki Group's Board of Directors has redefined the Group strategy during the   
second quarter of 2008. The Group is aiming at expanding its operations by      
entering into minerals business in order to optimise the return on capital      
employed. This expansion shall, if realised, significantly change group's       
business and geographical focus as well as impact risks. The existing           
wood-processing related industrial operations in Finland will be strengthened to
manage and optimise their operations. The Russian investment projects, being    
planned and implemented during the past two years will be continued - the saw   
mill project according to the original plan, and the pulp mill project adjusted.

Group's consolidated revenue from continuing operations for the full fiscal year
2008 is expected to be close to EUR 250 million. Group's earnings before        
interest and taxes (EBIT) from continuing operations is expected to be slightly 
negative when excluding any new acquisitions. This guidance is based on         
forecasts made by the Group's and subsidiaries' management, market prognosis in 
various industries and the Group order book at the end of second quarter.       

Economic growth has been stalling globally because of ramifications from e.g.   
higher energy prices and financial turmoil. In the Finnish market the recent    
statistics on consumer confidence and business confidence also show signs of    
economic weakness. Therefore, general indicators of business development are not
favourable from the macroeconomic perspective especially for the cyclical       
wood-processing industries.                                                     

Future outlook for each segment's market                                        

Market development in sawmill sector                                            

In case the production volume in house building market declines in the future it
is expected to have negative effect on the deliveries of sawn wood and further  
processed products into construction and roof truss industry customers both in  
Finland and in export markets.                                                  

The recent taxation changes on wood sales as introduced by Finnish government   
can have positive effect on the availability and price of logs, but the prices  
for e.g. transportation still create costs pressures.                           

It seems to be that the total forest industry capacity in Finland will decrease 
further as reflected in the comments by the major forest industry companies.    

Side products, particularly chips, sales affect the profitability of sawmill    
sector, which can be negatively affected by further close-downs in Finnish pulp 
capacity.                                                                       

Raw material prices do not seem to be going down at the same rate as the sales  
prices; consequently, the relative profitability in the sector is for the time  
being expected to be below 2007 level.                                          

The oversupply in the global sawn timber market is expected to continue in the  
short term even though both in Finland and in Europe saw mill capacity is       
expected to be reduced by the largest competitors during the second half of     
2008.                                                                           

Market development in furniture sector                                          

In general the demand for furniture and interior design on a larger scale has   
been significantly growing, but macroeconomic growth slowdown, hikes in         
inflation and potential changes in interior design trends can make the          
short-term development more difficult, and hence the relative competitiveness   
various furniture products can be affected.                                     

For the short-term, the general sector outlook remains fairly stable, but there 
are challenges in ensuring sector production and logistical efficiency in the   
future.                                                                         

Market development in house building sector                                     

The delivery volumes in the Finnish detached family house sector is expected to 
decline from the second half 2008 onwards, the indications from granted building
permits numbers are alarming to the sector short-term future in case there is no
major adjustment in the industry capacity.                                      
                                                                                
Competition in the house building sector, especially in the ready-to-move-in    
market, is predicted to increase due to high capacity level in the sector, which
can affect both the level of marketing expenses and the average unit sales      
prices. Moreover, the recent trend seems to be move into lower price niche and  
vacancy apartments where supply potential into the market has been increased    
quite rapidly.                                                                  
                                                                                
The future development of inflation, interest rates and consumer confidence,    
which according to Finnish statistics has recently dipped fast, can further     
lower the volume of new sales, even though regional differences can be          
substantial.                                                                    

RISKS RELATED TO OPERATIONS, CHANGES DURING AND AFTER THE REVIEW PERIOD         

In case the Russian saw mill investment does not proceed according to the plan, 
in respect to timing, concept or other factors, it might create potential       
write-downs of existing assets. There might also be added pressure on the       
availability and terms of external financing, if the Group pursues its Russian  
forest industry strategy according to the original plan in conjunction with the 
new initiatives on minerals business currently under review.                    

Due to scale-downs in corporate headquarters and project staff, the Group does  
have more dependency on its key personnel, especially taken into account to     
possible expansion geographically and into new business area of minerals        
operations.                                                                     

The situation on global sawn timber market has deteriorated rapidly, and the    
trend is still basically down, which might threaten the sustainability of       
profitable sawmilling operations in case certain adjustments are not carried    
out. Moreover, if the input and output markets remain as challenging as in      
today's environment, that might create indication for impairment of assets. The 
cash flow and needed external financing for the ongoing Sawmill Business        
segment's development can be unsatisfactory in terms and conditions, as well as 
inadequate in volume to enable the implementation of long-term growth strategy  
of the Group's Sawmill Business.                                                

The existing dependency on one single customer in the Furniture Business segment
can prove to be challenging, taking into account possible ramifications of      
global economic uncertainties. The production efficiency of the Furniture       
Business operations has to be increased, and if there are problems or delays in 
achieving that, severe financial or operational risks might be realised.        

The House Building business's operating environment has worsened faster than    
anticipated, and there is a major risk of annual sales volume dropping          
significantly in 2009 vs. that of 2008. The availability of skillful work force,
currently one of the limiting factors, will probably be better going forward but
the implications on cost factors remain somewhat uncertain.                     

If euro remains strong or appreciates towards major export countries' currencies
in the future, that could deteriorate the euro-denominated profitability of     
Ruukki Group.                                                                   

In case the Group enters in the planned chrome ore and ferro chrome businesses, 
there are significant transaction and integration risks involved. Moreover, due 
to change in group structure, to new business area and to new geographical      
exposures, Group's total risk position can hence be significantly changed.      

In addition to the above mentioned issues and aspects, the risk factors         
presented in the Q1/2008 interim report affect or can affect group's risk       
position.                                                                       

CHANGES IN PLEDGES AND CONTINGENT LIABILITIES DURING AND AFTER THE REVIEW PERIOD

During the review period 1-6/2008, Group's interest-bearing debt has increased  
by a total of about EUR 16.6 million. The interest-bearing debt balance at 30   
June 2008 totalled EUR 56.5 million of which EUR 17.1 million was short-term    
debt and EUR 39.5 million long-term debt. On 30 June 2008, the Group companies  
had given company pledges as collateral for loans and other liabilities         
totalling approximately EUR 17.0 million (EUR 13.3 million on 31 Dec 2007). The 
total amount of property pledges is approximately EUR 17.5 million (EUR 11.1    
million on 31 Dec 2007). Moreover, group companies have pledged machinery as    
collateral for machinery and equipment purchases; these machinery pledges       
totalled about EUR 5.6 million at the end of the review period. The Group's     
parent company has given a total of EUR 6.3 million in direct-liability         
guarantees for the financing of group companies (EUR 5.0 million on 31 Dec      
2007). The amount of debt and guarantees given has increased to major extent due
to the acquisition of Junnikkala subgroup.                                      

The total commitments at the end of the review period related to rental         
agreements made by the Group have increased on a comparable basis by about EUR  
4,5 million compared to 31 December 2007, when excluding the discontinued Care  
Services business segment.                                                      

On 30 June 2008, the net worth of forward exchange rate agreements' nominal     
value totalled about EUR 9.1 million (EUR 0.9 million on 31 Dec 2007), and the  
related unrealised exchange rate gain was about EUR 0.2 million (on 31 Dec 2007:
EUR 0.0 million).                                                               

The irrevocable commitments and liabilities, not paid at the end of review      
period, related to Ruukki Group's Russian sawmill project and investments of    
domestic sawmills total about EUR 17 million, of which approximately EUR 13     
million relates to the Russian project. These liabilities arise due to the      
machinery and equipment of the sawmill planned to be constructed in Russia and  
due to expanding domestic sawmills' kiln capacity and efficiency. The previously
mentioned domestic capital expenditures are expected to be realised fully within
the financial year 2008. After the end of the review period, the group company  
Oplax Oy has made an investment commitment of EUR 2.2 million.                  
                                                                                
Based on the debt financing of the Furniture Business segment, and the          
agreements with financial institutions, the financial performance of the        
Furniture Business segment, as recognised according to Finnish generally        
accepted accounting principles, has been slightly below the targets set by      
financing covenants. Therefore, at the end of June, the Furniture Business      
segment is technically in breach of a covenant, which might lead to negative    
consequences such as to additional financing costs or partial refinancing, but  
is not estimated to cause any major change in the financing position of the     
segment.                                                                        

MOST SIGNIFICANT RELATED PARTY TRANSACTIONS                                     

Personnel expenses, excluding the related social expenses, for Ruukki Group     
Plc's Board of Directors and top management, including incentive schemes' option
expenses and other expenses, totalled about EUR 1.2 million for the period      
1-6/2008 (during 1-6/2007 correspondingly approximately EUR 0.3 million). After 
the review period, it was agreed in July 2008 that CEO Matti Vikkula will leave 
the company at the end of July. It is estimated that based on this arrangement  
one-off personnel expenses, excluding social costs, of EUR about 0.8 million    
will be realised during Q3/2008.                                                

The Group's parent company has paid a total of EUR 1.3 million in dividends     
(during previous year EUR 1.7 million) to related parties based on the dividend 
payout decision by Annual General Meeting on 31 March 2008. Furthermore, group  
companies have paid about EUR 1.1 million dividends to the related parties that 
are minority shareholders of those companies.                                   

The Group's parent company has loan and other receivables from persons belonging
to Group management, from entities controlled by those persons, totalling       
approximately EUR 1.5 million, of which the major part is related to the loan   
given for the Group's ex-CEO based on his incentive scheme. During the review   
period Group's parent company made EUR 10.0 million short-term deposit where the
counterparty was a company controlled by a related party. The capital and       
accrued interest on the deposit have fully been repaid during the review period.

The House Building business segment has in June 2008 made an agreement with a   
related party to build and deliver to that party altogether 31 vacation         
apartments, whose value excluding value added tax is about EUR 3.5 million.     
Ruukki Group Plc has during the second quarter, related to the planned sawmill  
project in Russia, agreed to utilise warehousing services provided by ILP-Group 
Ltd Oy, an entity minority-owned by Ruukki Group Plc, for the temporary storage 
of sawmill equipment. The total value of that warehousing arrangement depends on
the time how long the equipment shall be storaged, not known as of now, but for 
the financial year 2008 the total costs are estimated to be about EUR 0.2       
million. Ruukki Group's Russian subsidiary has during Q3/2008 entered into a    
rental agreement with a related party, the total value of which for the whole   
rental period is close to EUR 0.2 million.                                      

As published on 5 June 2008, Ruukki Group has made a preliminary agreement to   
acquire chrome ore and ferro chrome business from Kermas Limited, which is a    
related party since it is parent company to RCS Trading Corp Ltd, which is major
shareholder in Ruukki Group. According to the preliminary agreement the initial 
purchase price would be EUR 200 million. The transaction, if finalised,         
represents expansion into a new business segment and new geographical areas.    

PENDING LEGAL AND ADMINISTRATIVE PROCESSES                                      

The claims by Ruukki Group Plc towards Rautaruukki Plc on the use of Ruukki name
have been dismissed by the Helsinki Court of Appeal in October 2007 and by the  
Market Court in February 2008.                                                  

In various group companies there are unfinished administrative processes related
to taxation; e.g. partially the group companies have so far only been given     
preliminary tax inspection reports. The final result of these tax audits, which 
might be settled only after long time period and possibly via legal processes,  
can have adverse effect on Group's financial position if these processes cause  
expenses, additional taxes or other detrimental ramifications.                  

Due to the premature cancellation of the Kostroma investment projects the Group 
has started legal processes against Kostroma region's administration during the 
second quarter of 2008.                                                         


FINANCIAL TABLES                                                                

FINANCIAL DEVELOPMENT BY SEGMENT, SUMMARY (EUR MILLION)                         

--------------------------------------------------------------------------------
| EUR MILLION         |  Revenue |  Revenue |  Revenue |   Revenue | Revenue   |
|                     | 1-6/2008 | 1-6/2007 | 4-6/2008 |  4-6/2007 | 1-12/2007 |
--------------------------------------------------------------------------------
|    Sawmill business |     50.3 |     29.2 |     28.1 |      16.6 |      59.4 |
--------------------------------------------------------------------------------
|  Furniture business |     42.5 |     24.5 |     21.5 |      19.5 |      68.7 |
--------------------------------------------------------------------------------
|      House building |     24.8 |     28.1 |     10.7 |      14.0 |      62.4 |
--------------------------------------------------------------------------------
| Investment projects |      0.0 |      0.0 |      0.0 |       0.0 |       0.0 |
--------------------------------------------------------------------------------
|    Other operations |      2.6 |      4.1 |      1.7 |       2.2 |       8.7 |
--------------------------------------------------------------------------------
|    Eliminations and |     -2.0 |     -0.9 |     -1.5 |      -0.3 |      -2.1 |
|   unallocated items |          |          |          |           |           |
--------------------------------------------------------------------------------
|          Continuing |    118.4 |     85.0 |     60.4 |      52.1 |     197.1 |
|    operations total |          |          |          |           |           |
--------------------------------------------------------------------------------
|        Discontinued |     10.2 |      8.0 |      5.2 |       4.1 |      16.8 |
|          operations |          |          |          |           |           |
--------------------------------------------------------------------------------
|         Group total |    128.6 |     93.0 |     65.6 |      56.2 |     213.9 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| EUR MILLION         |  EBIT    |  EBIT    |  EBIT    |   EBIT    |  EBIT     |
|                     | 1-6/2008 | 1-6/2007 | 4-6/2008 |  4-6/2007 | 1-12/2007 |
--------------------------------------------------------------------------------
|    Sawmill business |     -0.6 |      4.2 |     -0.7 |       2.4 |       6.4 |
--------------------------------------------------------------------------------
|  Furniture business |      1.2 |     -1.4 |     -0.4 |      -0.2 |       2.6 |
--------------------------------------------------------------------------------
|      House building |      4.9 |      5.6 |      2.1 |       3.0 |      13.3 |
--------------------------------------------------------------------------------
| Investment projects |     -7.3 |     -2.4 |     -4.8 |      -1.5 |      -3.5 |
--------------------------------------------------------------------------------
|    Other operations |     -2.2 |     -1.1 |     -1.3 |      -0.9 |      -3.9 |
--------------------------------------------------------------------------------
|    Eliminations and |      0.0 |      0.3 |      0.1 |       0.3 |       0.5 |
|   unallocated items |          |          |          |           |           |
--------------------------------------------------------------------------------
|          Continuing |     -4.1 |      5.1 |     -5.0 |       3.1 |      15.4 |
|    operations total |          |          |          |           |           |
--------------------------------------------------------------------------------
|        Discontinued |      0.5 |      0.3 |      0.0 |       0.1 |       0.3 |
|          operations |          |          |          |           |           |
--------------------------------------------------------------------------------
|         Group total |     -3.5 |      5.4 |     -5.0 |       3.3 |      15.7 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| %                   |     EBIT |     EBIT |     EBIT |      EBIT |      EBIT |
|                     | margin   | margin   | margin   | margin    | margin    |
|                     | 1-6/2008 | 1-6/2007 | 4-6/2008 |  4-6/2007 | 1-12/2007 |
--------------------------------------------------------------------------------
|    Sawmill business |     -1.1 |     14.3 |     -2.4 |      14.4 |      10.8 |
--------------------------------------------------------------------------------
|  Furniture business |      2.7 |     -5.9 |     -1.8 |      -1.2 |       3.8 |
--------------------------------------------------------------------------------
|      House building |     19.6 |     19.8 |     19.5 |      21.4 |      21.4 |
--------------------------------------------------------------------------------
|          Continuing |     -3.4 |      6.0 |     -8.3 |       6.0 |       7.8 |
|    operations total |          |          |          |           |           |
--------------------------------------------------------------------------------
|        Discontinued |      5.0 |      4.1 |     -0.1 |       3.4 |       1.6 |
|          operations |          |          |          |           |           |
--------------------------------------------------------------------------------
|         Group total |     -2.8 |      5.8 |     -7.6 |       5.8 |       7.3 |
--------------------------------------------------------------------------------

GOODWILL BY SEGMENT, EUR MILLION                                                

--------------------------------------------------------------------------------
|                  |   30 Jun |     % |   30 Jun |      % |    31 Dec |      % |
|                  |     2008 |       |     2007 |        |      2007 |        |
--------------------------------------------------------------------------------
| Sawmill Business |     16.0 |  37 % |      6.4 |   18 % |       6.6 |   19 % |
--------------------------------------------------------------------------------
|        Furniture |      1.7 |   4 % |      1.7 |    5 % |       1.7 |    5 % |
|         Business |          |       |          |        |           |        |
--------------------------------------------------------------------------------
|   House Building |     19.5 |  46 % |     19.5 |   56 % |      19.5 |   56 % |
--------------------------------------------------------------------------------
|       Investment |      0.0 |   0 % |      0.0 |    0 % |       0.0 |    0 % |
|         Projects |          |       |          |        |           |        |
--------------------------------------------------------------------------------
| Other Operations |     0.0  |   0 % |     1.5  |    4 % |       1.4 |    4 % |
--------------------------------------------------------------------------------
|     Discontinued |      5.7 |  13 % |      5.7 |   16 % |       5.7 |   16 % |
|       Operations |          |       |          |        |           |        |
--------------------------------------------------------------------------------
|      Group total |    42.9  | 100 % |     34.8 |  100 % |      34.9 |  100 % |
--------------------------------------------------------------------------------

CONSOLIDATED INCOME STATEMENT SUMMARY, EUR THOUSAND                             

--------------------------------------------------------------------------------
|                       | 1 Jan -  | 1 Jan -  | 1 Apr -  | 1 Apr -  | 1 Jan -  |
|                       |   30 Jun |   30 Jun |   30 Jun |   30 Jun |   31 Dec |
|                       |     2008 |     2007 |     2008 |     2007 |     2007 |
--------------------------------------------------------------------------------
|                       | 6 months | 6 months | 3 months | 3 months |       12 |
|                       |          |          |          |          |   months |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations |          |          |          |          |          |
--------------------------------------------------------------------------------
| Revenue               |  118 369 |   85 009 |   60 440 |   52 074 |  197 093 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other operating       |    2 667 |    1 789 |      960 |    1 294 |    6 841 |
| income                |          |          |          |          |          |
--------------------------------------------------------------------------------
| Operating expenses    | -117 200 |  -76 789 |  -61 647 |  -47 225 | -179 743 |
--------------------------------------------------------------------------------
| Depreciation and      |   -5 454 |   -3 143 |   -2 883 |   -1 947 |   -7 134 |
| amortisation          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Share of profit of    |      207 |     -657 |       27 |       79 |     -623 |
| associates            |          |          |          |          |          |
--------------------------------------------------------------------------------
| Impairment            |   -2 646 |   -1 149 |   -1 905 |   -1 149 |   -1 034 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit      |   -4 057 |    5 060 |   -5 008 |    3 127 |   15 400 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial income and  |    5 765 |     -454 |    3 111 |     -388 |    3 715 |
| expense               |          |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit before tax     |    1 708 |    4 606 |   -1 896 |    2 739 |   19 115 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income tax            |   -1 501 |   -2 612 |      -87 |   -1 425 |   -5 381 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit from       |      207 |    1 994 |   -1 983 |    1 315 |   13 734 |
| continuing operations |          |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discontinued          |          |          |          |          |          |
| operations            |          |          |          |          |          |
--------------------------------------------------------------------------------
| Net profit from       |      325 |      107 |      -72 |       43 |      -54 |
| discontinued          |          |          |          |          |          |
| operations            |          |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit            |      532 |    2 101 |   -2 055 |    1 358 |   13 680 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit attributable   |          |          |          |          |          |
| to                    |          |          |          |          |          |
--------------------------------------------------------------------------------
| equity shareholders   |      228 |    1 574 |   -2 212 |    1 070 |   12 651 |
--------------------------------------------------------------------------------
| minority interests    |      303 |      527 |      158 |      288 |    1 030 |
--------------------------------------------------------------------------------
| Total                 |      532 |    2 101 |   -2 055 |    1 358 |   13 680 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share (counted from profit attributable to equity    |          |
| shareholders):                                                    |          |
--------------------------------------------------------------------------------
| basic (EUR),          |     0.00 |     0.01 |          |          |     0.06 |
| continuing operations |          |          |          |          |          |
--------------------------------------------------------------------------------
| diluted (EUR),        |     0.00 |     0.01 |          |          |     0.06 |
| continuing operations |          |          |          |          |          |
--------------------------------------------------------------------------------
| basic (EUR),          |     0.00 |     0.00 |          |          |     0.00 |
| discontinued          |          |          |          |          |          |
| operations            |          |          |          |          |          |
--------------------------------------------------------------------------------
| diluted (EUR),        |     0.00 |     0.00 |          |          |     0.00 |
| discontinued          |          |          |          |          |          |
| operations            |          |          |          |          |          |
--------------------------------------------------------------------------------

The effective income tax rate recognised in Group income statement during       
1-6/2008 is above the average statutory rate due to write-down of assets and the
losses of the Russian subsidiaries, of which no tax assets have been recognised 
due to low probability of their utilisation. Furthermore, altogether EUR 0.2    
million of income taxes related to previous fiscal years have been recognised.  

CONSOLIDATED BALANCE SHEET SUMMARY, EUR THOUSAND                                

--------------------------------------------------------------------------------
|                            |        | 30 Jun     | 30 Jun 2007 | 31 Dec 2007 |
|                            |        | 2008       |             |             |
--------------------------------------------------------------------------------
| ASSETS                     |        |            |             |             |
--------------------------------------------------------------------------------
| Non-current assets         |        |            |             |             |
--------------------------------------------------------------------------------
| Investments and intangible assets   |            |             |             |
--------------------------------------------------------------------------------
| Goodwill                   |        |     37 193 |      34 829 |      33 422 |
--------------------------------------------------------------------------------
| Investments in associates  |        |      1 846 |       1 671 |       1 702 |
--------------------------------------------------------------------------------
| Other intangible assets    |        |      7 160 |       6 689 |       5 807 |
--------------------------------------------------------------------------------
| Investments and intangible assets   |     46 198 |      43 190 |      40 931 |
| total                               |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Property, plant and        |        |     73 567 |      34 633 |      37 516 |
| equipment                  |        |            |             |             |
--------------------------------------------------------------------------------
| Other non-current assets   |        |      3 069 |         825 |       3 209 |
--------------------------------------------------------------------------------
| Non-current assets total   |        |    122 834 |      78 647 |      81 656 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets             |        |            |             |             |
--------------------------------------------------------------------------------
| Inventories                |        |     35 054 |      31 243 |      29 635 |
--------------------------------------------------------------------------------
| Receivables                |        |     40 261 |      26 457 |      29 955 |
--------------------------------------------------------------------------------
| Held-to-maturity           |        |    170 750 |             |     131 212 |
| investments                |        |            |             |             |
--------------------------------------------------------------------------------
| Other investments          |        |      1 283 |       7 518 |     176 112 |
--------------------------------------------------------------------------------
| Cash and cash equivalents  |        |    146 720 |     307 892 |      48 527 |
--------------------------------------------------------------------------------
| Current assets total       |        |    394 068 |     373 111 |     415 440 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets classified as held  |        |     11 395 |           0 |       2 893 |
| for sale                   |        |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total assets               |        |    528 297 |     451 758 |     499 990 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES     |        |            |             |             |
--------------------------------------------------------------------------------
| Shareholders' equity       |        |            |             |             |
--------------------------------------------------------------------------------
| Share capital              |        |     23 642 |      23 642 |      23 642 |
--------------------------------------------------------------------------------
| Share premium reserve      |        |     25 740 |      25 740 |      25 740 |
--------------------------------------------------------------------------------
| Revaluation reserve        |        |        969 |         757 |         969 |
--------------------------------------------------------------------------------
| Fair value reserve         |        |          0 |          17 |           0 |
--------------------------------------------------------------------------------
| Paid-up unrestricted equity reserve |    340 690 |     295 104 |     340 690 |
--------------------------------------------------------------------------------
| Retained earnings          |        |      6 267 |       7 200 |      18 614 |
--------------------------------------------------------------------------------
| Shareholders' equity       |        |    397 308 |     352 460 |     409 655 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Minority interest          |        |      8 832 |       2 302 |       1 995 |
--------------------------------------------------------------------------------
| Total equity               |        |    406 140 |     354 762 |     411 650 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                |        |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities    |        |     58 540 |      34 634 |      29 188 |
--------------------------------------------------------------------------------
| Current liabilities        |        |            |             |             |
--------------------------------------------------------------------------------
| Prepayments                |        |     13 663 |      18 625 |      16 481 |
--------------------------------------------------------------------------------
| Other current liabilities  |        |     44 207 |      43 737 |      42 086 |
--------------------------------------------------------------------------------
| Current liabilities total  |        |     57 870 |      62 362 |      58 566 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities classified as held for  |      5 748 |           0 |         585 |
| sale                                |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total liabilities          |        |    122 157 |      96 996 |      88 340 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and           |        |    528 297 |     451 758 |     499 990 |
| liabilities                |        |            |             |             |
--------------------------------------------------------------------------------

SUMMARY OF CASH, INTEREST-BEARING RECEIVABLES AND INTEREST-BEARING LIABILITIES  
IN THE CONSOLIDATED BALANCE SHEET, EUR THOUSAND                                 

--------------------------------------------------------------------------------
| Cash and cash           |    30 Jun 2008 |     30 Jun 2007 |     31 Dec 2007 |
| equivalents             |                |                 |                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash           |        147,579 |         307,892 |          48,527 |
| equivalents, total      |                |                 |                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest-bearing        |    30 Jun 2008 |     30 Jun 2007 |     31 Dec 2007 |
| receivables             |                |                 |                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current                 |        170,902 |           7,305 |         131,462 |
--------------------------------------------------------------------------------
| Non-current             |          1,725 |             333 |           1,986 |
--------------------------------------------------------------------------------
| Interest-bearing        |        172,627 |           7,638 |         133,448 |
| receivables, total      |                |                 |                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest-bearing        |    30 Jun 2008 |     30 Jun 2007 |     31 Dec 2007 |
| liabilities             |                |                 |                 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current                 |         17,073 |          16,190 |          15,991 |
--------------------------------------------------------------------------------
| Non-current             |         39,472 |          25,594 |          23,958 |
--------------------------------------------------------------------------------
| Interest-bearing        |         56,546 |          41,784 |          39,949 |
| liabilities, total      |                |                 |                 |
--------------------------------------------------------------------------------

SUMMARY OF GROUP'S PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS, EUR     
THOUSAND                                                                        

--------------------------------------------------------------------------------
|                                        |  Property, plant |       Intangible |
|                                        |   and equipment  |          assets  |
--------------------------------------------------------------------------------
|  Acquisition cost 1 Jan 2008           |           49 351 |           44 411 |
--------------------------------------------------------------------------------
|  Additions                             |           44 285 |            4 145 |
--------------------------------------------------------------------------------
|  Disposals                             |             -610 |             -119 |
--------------------------------------------------------------------------------
|  Acquisition cost 30 Jun 2008          |           93 026 |           48 437 |
--------------------------------------------------------------------------------
|                                        |                  |                  |
--------------------------------------------------------------------------------
|  Acquisition cost 1 Jan 2007           |           23 412 |           37 847 |
--------------------------------------------------------------------------------
|  Additions                             |           21 965 |            7 269 |
--------------------------------------------------------------------------------
|  Disposals                             |                0 |                0 |
--------------------------------------------------------------------------------
|  Acquisition cost 30 Jun 2007          |           45 376 |           45 116 |
--------------------------------------------------------------------------------

CONSOLIDATED CASH FLOW STATEMENT SUMMARY, EUR THOUSAND                          

--------------------------------------------------------------------------------
|                                     | 1 Jan -    | 1 Jan -     | 1 Jan -     |
|                                     |     30 Jun | 30 Jun 2007 | 31 Dec 2007 |
|                                     |       2008 |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flows from operating           |            |             |             |
| activities                          |            |             |             |
--------------------------------------------------------------------------------
| Net profit attributable to          |        229 |       1,574 |      12,651 |
| shareholders                        |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Adjustments to net profit           |      1,748 |       6,048 |       7,161 |
--------------------------------------------------------------------------------
| Changes in working capital          |     -7,987 |      -6,249 |     -14,029 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash from operating activities  |     -6,010 |       1,373 |       5,783 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flows from investing           |            |             |             |
| activities                          |            |             |             |
--------------------------------------------------------------------------------
| Acquisition of subsidiaries and     |     -7,702 |      -5,543 |      -6,487 |
| associates                          |            |             |             |
--------------------------------------------------------------------------------
| Payment of earn-out liabilities and |       -114 |      -7,167 |      -8,358 |
| exercises of call options related   |            |             |             |
| to acquisitions                     |            |             |             |
--------------------------------------------------------------------------------
| Disposal of subsidiaries and        |      2,689 |       2,361 |       7,068 |
| associates                          |            |             |             |
--------------------------------------------------------------------------------
| Capital expenditures and other      |    -17,380 |      -2,651 |      -6,337 |
| investing activities                |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash used in investing          |    -22,507 |     -13,000 |     -14,114 |
| activities                          |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flows from financing           |            |             |             |
| activities                          |            |             |             |
--------------------------------------------------------------------------------
| Share issues                        |          0 |     293,967 |     337,609 |
--------------------------------------------------------------------------------
| Dividends paid                      |    -12,699 |      -5,154 |      -5,493 |
--------------------------------------------------------------------------------
| Deposits                            |    -36,833 |           0 |    -133,851 |
--------------------------------------------------------------------------------
| Other investments                   |    173,056 |           0 |    -173,360 |
--------------------------------------------------------------------------------
| Interest received, other than       |      3,273 |           0 |       3,940 |
| operations related                  |            |             |             |
--------------------------------------------------------------------------------
| Proceeds from borrowings            |      8,713 |       7,064 |      10,630 |
--------------------------------------------------------------------------------
| Repayment of borrowings, and other  |     -7,932 |      -1,142 |      -7,386 |
| financing activities                |            |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash from financing activities  |    127,578 |     294,734 |      32,089 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net increase in cash and cash       |     99,061 |     283,107 |      23,758 |
| equivalents                         |            |             |             |
--------------------------------------------------------------------------------

SUMMARY OF THE CHANGES IN SHAREHOLDERS' EQUITY OF THE GROUP, IN THOUSAND EUROS  

--------------------------------------------------------------------------------
| A = Share capital                                                            |
--------------------------------------------------------------------------------
| B = Share premium reserve                                                    |
--------------------------------------------------------------------------------
| C = Fair value and revaluation reserves                                      |
--------------------------------------------------------------------------------
| D = Paid-up unrestricted equity reserve                                      |
--------------------------------------------------------------------------------
| E = Translation reserve                                                      |
--------------------------------------------------------------------------------
| F = Retained earnings                                                        |
--------------------------------------------------------------------------------
| G = Equity attributable to shareholders, total                               |
--------------------------------------------------------------------------------
| H = Minority interest                                                        |
--------------------------------------------------------------------------------
| I = Total equity                                                             |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
|             |  A   |  B   |  C  |  D   |  E   |  F   |   G   |   H   |   I   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholder |   23 |   24 |   0 |  424 |    0 |    9 |    57 | 1 591 |    59 |
| s' equity 1 |  018 |  712 |     |      |      |  512 |   665 |       |   256 |
| Jan 2007    |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Net profit  |      |      |     |      |      |    1 | 1 574 |   711 | 2 285 |
| 1-6/2007    |      |      |     |      |      |  574 |       |       |       |
--------------------------------------------------------------------------------
| Free        |      |      |     |    1 |      |      | 1 035 |       | 1 035 |
| directed    |      |      |     |  035 |      |      |       |       |       |
| issue       |      |      |     |      |      |      |       |       |       |
| 4/2007      |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Share issue |      |      |     |  293 |      |      |   293 |       |   293 |
| 6/2007      |      |      |     |  645 |      |      |   645 |       |   645 |
--------------------------------------------------------------------------------
| Dividend    |      |      |     |      |      |   -4 |    -4 |       |    -4 |
| distributio |      |      |     |      |      |  079 |   079 |       |   079 |
| n           |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Conversions |  624 |    1 |     |      |      |      | 1 652 |       | 1 652 |
| of          |      |  028 |     |      |      |      |       |       |       |
| convertible |      |      |     |      |      |      |       |       |       |
| bonds       |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Equity      |      |      |     |      |      |  194 |   194 |       |   194 |
| component   |      |      |     |      |      |      |       |       |       |
| of          |      |      |     |      |      |      |       |       |       |
| convertible |      |      |     |      |      |      |       |       |       |
| bonds and   |      |      |     |      |      |      |       |       |       |
| other       |      |      |     |      |      |      |       |       |       |
| changes in  |      |      |     |      |      |      |       |       |       |
| equity      |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Acquisition |      |      | 774 |      |      |      |   774 |       |   774 |
| s and       |      |      |     |      |      |      |       |       |       |
| disposals   |      |      |     |      |      |      |       |       |       |
| of          |      |      |     |      |      |      |       |       |       |
| subsidiarie |      |      |     |      |      |      |       |       |       |
| s and other |      |      |     |      |      |      |       |       |       |
| adjustments |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Shareholder |   23 |   25 | 774 |  295 |    0 |    7 |   352 | 2 302 |   354 |
| s' equity   |  642 |  740 |     |  104 |      |  200 |   460 |       |   762 |
| 30 Jun 2007 |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Dividend    |      |      |     |      |      |      |       |    -1 |    -1 |
| distributio |      |      |     |      |      |      |       |   142 |   142 |
| n           |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Share issue |      |      |     |   45 |      |      |    45 |       |    45 |
| 7/2007      |      |      |     |  587 |      |      |   587 |       |   587 |
--------------------------------------------------------------------------------
| Net profit  |      |      |     |      |      |   11 |    11 |   319 |    11 |
| 7-12/2007   |      |      |     |      |      |  077 |   077 |       |   395 |
--------------------------------------------------------------------------------
| Translation |      |      |     |      |   -1 |      |    -1 |       |    -1 |
| difference  |      |      |     |      |  080 |      |   080 |       |   080 |
--------------------------------------------------------------------------------
| Acquisition |      |      | 195 |      |      |    1 | 1 195 |       | 1 195 |
| s and       |      |      |     |      |      |  000 |       |       |       |
| disposals   |      |      |     |      |      |      |       |       |       |
| of          |      |      |     |      |      |      |       |       |       |
| subsidiarie |      |      |     |      |      |      |       |       |       |
| s           |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Share-based |      |      |     |      |      |  576 |   576 |       |   576 |
| payments    |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Net change  |      |      |     |      |      |      |     0 |   516 |   516 |
| in minority |      |      |     |      |      |      |       |       |       |
| interests   |      |      |     |      |      |      |       |       |       |
| generated   |      |      |     |      |      |      |       |       |       |
| by          |      |      |     |      |      |      |       |       |       |
| acquisition |      |      |     |      |      |      |       |       |       |
| s and       |      |      |     |      |      |      |       |       |       |
| disposals   |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Equity      |      |      |     |      |      | -160 |  -160 |       |  -160 |
| component   |      |      |     |      |      |      |       |       |       |
| of          |      |      |     |      |      |      |       |       |       |
| convertible |      |      |     |      |      |      |       |       |       |
| bonds and   |      |      |     |      |      |      |       |       |       |
| other       |      |      |     |      |      |      |       |       |       |
| changes in  |      |      |     |      |      |      |       |       |       |
| equity      |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Shareholder |   23 |   25 | 969 |  340 |   -1 |   19 |   409 | 1 995 |   411 |
| s' equity   |  642 |  740 |     |  690 |  080 |  694 |   655 |       |   650 |
| 31 Dec 2007 |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Dividend    |      |      |     |      |      |  -11 |   -11 |  -986 |   -12 |
| distributio |      |      |     |      |      |  601 |   601 |       |   587 |
| n           |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Net profit  |      |      |     |      |      |  228 |   228 |   303 |   532 |
| 1-6/2008    |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Translation |      |      |     |      | -451 |      |  -451 |       |  -451 |
| difference  |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Share-based |      |      |     |      |      |  525 |   525 |       |   525 |
| payments    |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Acquisition |      |      |     |      |      |   -1 |    -1 | 7 519 | 6 470 |
| s and       |      |      |     |      |      |  049 |   049 |       |       |
| disposals   |      |      |     |      |      |      |       |       |       |
| of          |      |      |     |      |      |      |       |       |       |
| subsidiarie |      |      |     |      |      |      |       |       |       |
| s           |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------
| Shareholder |   23 |   25 | 969 |  340 |   -1 |    7 |   397 | 8 832 |   406 |
| s' equity   |  642 |  740 |     |  690 |  531 |  798 |   307 |       |   140 |
| 30 Jun 2008 |      |      |     |      |      |      |       |       |       |
--------------------------------------------------------------------------------

OTHER KEY INDICATORS, EUR MILLION                                               

--------------------------------------------------------------------------------
|                                  |     Q2/2008 |      Q2/2007 |         2007 |
--------------------------------------------------------------------------------
|                                  |  6 months / |   6 months / |  12 months / |
|                                  | 30 Jun 2008 |  30 Jun 2007 |  31 Dec 2007 |
--------------------------------------------------------------------------------
| Gross capital expenditure        |        57.2 |         26.1 |         34.4 |
--------------------------------------------------------------------------------
|    % of revenue                  |      48.3 % |       28.1 % |       16.1 % |
--------------------------------------------------------------------------------
| Personnel, average               |       1,029 |          777 |          866 |
--------------------------------------------------------------------------------
| Personnel, at the end of the     |       1,088 |          942 |          958 |
| period                           |             |              |              |
--------------------------------------------------------------------------------
| Lowest share price, EUR          |        1.59 |         1.18 |         1.18 |
--------------------------------------------------------------------------------
| Highest share price, EUR         |        2.99 |         2.80 |         3.59 |
--------------------------------------------------------------------------------
| Average trade-weighted share     |        2.27 |         1.95 |         2.40 |
| price, EUR                       |             |              |              |
--------------------------------------------------------------------------------
| Market capitalisation            |       681.6 |        697.2 |        817.9 |
--------------------------------------------------------------------------------
| Share turnover                   |       596.4 |        248.6 |        623.2 |
--------------------------------------------------------------------------------
| Share turnover, %                |      90.5 % |       47.3 % |       89.7 % |
--------------------------------------------------------------------------------

ACCOUNTING POLICIES                                                             

This Interim Report has been prepared in accordance with the IAS 34 standard.   
Ruukki Group Plc has applied the same accounting and IFRS principles as in 2007 
financial statements. The reporting segment structure has been redefined        
starting from 1 January 2008, to include a separate Investment Projects segment,
as explained in Q1/2008 interim report. Moreover, due to the disposal of Care   
Services segment, IFRS5 has been applied to those discontinued operations.      
Group's comparable revenue and earnings before interest and taxes have been     
calculated so that the effect of acquisitions and divestments has been          
eliminated in both the review period and previous year's corresponding period.  
In the segments' financial figures insurance compensation and impairment losses 
have been presented as non-recurring items, but they have not been excluded when
calculating Group's comparable financial figures. The figures in the tables have
been rounded off to one decimal point, which must be considered when calculating
totals. Financial ratios and indicators have been calculated with the same      
principles as applied in 2007 financial statements. The Interim Report data are 
unaudited.                                                                      

In Espoo, 5 August 2008                                                         

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              


NOTES TO INCOME STATEMENT AND BALANCE SHEET AND OTHER DATA                      

SHAREHOLDERS                                                                    

On 31 July 2008, the company had a total of 4,159 shareholders, of which 10 were
nominee-registered. The number of shares in issue on 31 July 2008 was           
290,034,022.                                                                    

Largest shareholders, 31 July 2008:                                             

--------------------------------------------------------------------------------
|     | Shareholder                                    |      Shares |       % |
--------------------------------------------------------------------------------
|   1 | Nordea Bank Finland Plc                        |  76 566 562 |    26.4 |
--------------------------------------------------------------------------------
|   2 | Nordea Bank Finland Plc nominee-registered     |  55 117 283 |    19.0 |
--------------------------------------------------------------------------------
|   3 | Danske Bank As Helsinki Branch                 |  38 201 000 |    13.2 |
--------------------------------------------------------------------------------
|   4 | Hanwa Company Limited                          |  30 000 000 |    10.3 |
--------------------------------------------------------------------------------
|   5 | Svenska Handelsbanken Ab nominee-registered    |  24 608 414 |     8.5 |
--------------------------------------------------------------------------------
|   6 | Glitnir Bank Plc                               |  14 359 591 |     5.0 |
--------------------------------------------------------------------------------
|   7 | Kankaala Markku                                |   9 698 890 |     3.3 |
--------------------------------------------------------------------------------
|   8 | Oy Herttaässä Ab                               |   7 380 199 |     2.5 |
--------------------------------------------------------------------------------
|   9 | Hukkanen Esa                                   |   5 010 100 |     1.7 |
--------------------------------------------------------------------------------
|  10 | Evli Bank Plc                                  |   4 486 974 |     1.5 |
--------------------------------------------------------------------------------
|     | Total                                          | 265 429 013 |    91.5 |
--------------------------------------------------------------------------------
|     | Other Shareholders                             |  24 605 009 |     8.5 |
--------------------------------------------------------------------------------
|     | Total shares registered                        | 290 034 022 |   100.0 |
--------------------------------------------------------------------------------

CHANGES IN THE NUMBER OF SHARES AND SHARE CAPITAL IN 2008                       

There have been no changes in the number of shares and share capital during     
2008.                                                                           

At 30 June 2008, 31 December 2007 and 30 June 2007 neither Ruukki Group Plc nor 
any of its subsidiaries held any Ruukki Group shares. Ruukki Group Plc's Board  
of Directors has authorisation, given by the Annual General Meeting of 31 March 
2008, to acquire own shares and to transfer the acquired shares up to 10,000,000
shares. This authorisation is valid until 31 March 2009.                        

On 30 June 2008, the number of registered Ruukki Group Plc shares totalled      
290,034,022.                                                                    

The maximum dilution effect of the company's I/2005 option program is 2,700,000 
shares. On 30 June 2008, of these option rights 675,000 have been granted to the
group management, and of these granted options 225,000 entitle their holders to 
exercise the options. Starting from 1 July 2008 altogether 450,000 of granted   
options, including the aforementioned 225,000 options, are exercisable.         

The maximum dilution effect of the option rights related to the share-based     
incentive scheme 2007, decided by the Board of Directors in December 2007, is   
7,350,000 shares, and moreover according to that scheme the Board can issue new 
shares to be subscribed by persons belonging to the scheme. So far the Board has
not made any decisions on granting these options or shares.                     

Ruukki Group Plc's Board of Directors has authorisation, given by the Annual    
General Meeting of 31 March 2008, to issue own shares or special rights to      
shares up to 50,000,000 shares. This authorisation is valid until 31 March 2009.

COMPANY'S SHARE                                                                 

Ruukki Group Plc's share (RUG1V) is listed on the OMX Nordic Exchange Helsinki  
under Mid Cap segment and in the Industrial Products and Services subgroup.     

CHANGES IN SHARE PRICE DURING THE REVIEW PERIOD                                 

During the first half of 2008, the price of Ruukki Group's share varied between 
EUR 1.59 (1-6/2007: 1.18) and EUR 2.99 (2.80). A total of 262,396,375           
(127,786,131) Ruukki Group shares were traded in the review period, representing
90.5 % (47.3%) of all shares registered at the end of the quarter. The closing  
price of the company's share on 30 June was EUR 2.35 (2.58). The market         
capitalisation of the Group's entire capital stock 290,034,022 (270,234,022)    
shares at the closing price on 30 June was EUR 681.6 million (697.2).           

THE PRELIMINARY PURCHASE PRICE ALLOCATION RELATED TO ACQUISITION OF JUNNIKKALA  
OY                                                                              

In January 2008 Group's Sawmill Business segment acquired majority in Junnikkala
and the group it forms. At the same instance Junnikkala Oy acquired all shares  
in Pyyn Saha ja Höyläämö Oy. In addition, later during the first quarter        
Junnikkala Oy acquired 25 % stake in its subsidiary Juneropt Oy from third      
parties with about EUR 0.5 million cash consideration, which increased the      
segment goodwill by approximately EUR 0.1 million and after which Junnikkala Oy 
has held all Juneropt Oy shares.                                                
                                                                                
Preliminary purchase price allocation of the Junnikkala acquisition has been    
made on the acquisition. The following assets and liabilities were recognised   
relating to the acquisition which also gives information about the contribution 
of this transaction to the Group balance sheet at the date of the transaction:  

--------------------------------------------------------------------------------
| EUR ‘000                           |   Fair value of   |    Book value of    |
|                                    |  acquired assets  |    assets before    |
|                                    |                   |     acquisition     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Intangible assets                  |                   |                     |
--------------------------------------------------------------------------------
|  Clientele                         |             3,869 |                   0 |
--------------------------------------------------------------------------------
|  Emission allowances               |               795 |                   0 |
--------------------------------------------------------------------------------
|  Order book                        |               104 |                   0 |
--------------------------------------------------------------------------------
|  Other intangible assets           |               906 |                 906 |
--------------------------------------------------------------------------------
| Property, plant and equipment      |                   |                     |
--------------------------------------------------------------------------------
|  Land and water                    |             7,235 |               7,235 |
--------------------------------------------------------------------------------
|  Machinery and equipment           |            13,942 |              13,942 |
--------------------------------------------------------------------------------
|  Investments                       |                59 |                  59 |
--------------------------------------------------------------------------------
|  Other non-current assets          |               687 |                 687 |
--------------------------------------------------------------------------------
| Current assets                     |                   |                     |
--------------------------------------------------------------------------------
|  Inventories                       |            11,761 |              10,873 |
--------------------------------------------------------------------------------
|  Accounts receivable               |             4,953 |               4,953 |
--------------------------------------------------------------------------------
|  Accruals                          |               788 |                 788 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |               415 |                 415 |
--------------------------------------------------------------------------------
| Total assets                       |            45,513 |              39,858 |
--------------------------------------------------------------------------------
| Interest bearing debt              |            17,758 |              17,758 |
--------------------------------------------------------------------------------
| Non-interest bearing debt          |                   |                     |
--------------------------------------------------------------------------------
|  Accounts payable                  |             6,244 |               6,244 |
--------------------------------------------------------------------------------
|  Convertible bonds                 |               400 |                 400 |
--------------------------------------------------------------------------------
|  Accrued expenses                  |             1,745 |               1,745 |
--------------------------------------------------------------------------------
|  Other liabilities                 |             2,549 |               2,549 |
--------------------------------------------------------------------------------
|  Deferred tax liabilities          |             1,470 |                   0 |
--------------------------------------------------------------------------------
| Total liabilities                  |            30,167 |              28,697 |
--------------------------------------------------------------------------------
| Net assets 31 Jan 2008             |            15,346 |              11,161 |
--------------------------------------------------------------------------------
| Acquisition cost                   |            24,811 |                     |
--------------------------------------------------------------------------------
| Net assets                         |            15,346 |                     |
--------------------------------------------------------------------------------
| Goodwill                           |             9,465 |                     |
--------------------------------------------------------------------------------
| Cash flow effect:                  |                   |                     |
--------------------------------------------------------------------------------
| Consideration paid in cash         |             5,740 |                     |
--------------------------------------------------------------------------------
| Acquired cash and cash equivalents |              -415 |                     |
--------------------------------------------------------------------------------
| Cash flow effect                   |             5,326 |                     |
--------------------------------------------------------------------------------

SPECIFICATION OF NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS   

The Care Services business segment has in Q2/2008 interim report been presented 
as a discontinued operation, separate from the continuing operations.           

Revenue and operating profit (EBIT) of the Care Services segment:               

--------------------------------------------------------------------------------
| EUR million    |  1-6/2008 |   1-6/2007 |  4-6/2008 |  4-6/2007 |  1-12/2007 |
--------------------------------------------------------------------------------
| Revenue        |      10.2 |        8.0 |       5.2 |       4.1 |       16.8 |
--------------------------------------------------------------------------------
| EBIT           |       0.5 |        0.3 |       0.0 |       0.1 |        0.3 |
--------------------------------------------------------------------------------
| EBIT margin    |     5.0 % |      4.1 % |    -0.1 % |     3.4 % |      1.6 % |
--------------------------------------------------------------------------------

There were totally 366 employees employed by the segment at the end of June 2008
(30 Jun 2007: 289).                                                             

INCOME STATEMENT                                                                

--------------------------------------------------------------------------------
|                               |  1 Jan -     | 1 Jan -    30 | 1 Jan -    31 |
|                               |  30 Jun 2008 |      Jun 2007 |      Dec 2007 |
--------------------------------------------------------------------------------
| EUR ‘000                      |     6 months |      6 months |     12 months |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue                       |       10 190 |         8 000 |        16 817 |
--------------------------------------------------------------------------------
| Expenses                      |       -9 672 |        -7 671 |       -16 543 |
--------------------------------------------------------------------------------
| Operating profit              |          518 |           329 |           274 |
--------------------------------------------------------------------------------
| Financial income and expense  |          -64 |          -110 |          -231 |
--------------------------------------------------------------------------------
| Profit before tax             |          454 |           219 |            43 |
--------------------------------------------------------------------------------
| Income tax                    |         -129 |          -112 |           -97 |
--------------------------------------------------------------------------------
| Net profit                    |          325 |           107 |           -54 |
--------------------------------------------------------------------------------

BALANCE SHEET                                                                   

--------------------------------------------------------------------------------
| EUR ‘000                        |  30 Jun 2008 |  30 Jun 2007 |  31 Dec 2007 |
--------------------------------------------------------------------------------
| Assets                          |              |              |              |
--------------------------------------------------------------------------------
| Investments and intangible      |        6 115 |        6 467 |        6 373 |
| assets                          |              |              |              |
--------------------------------------------------------------------------------
| Property, plant and equipment   |        1 978 |          812 |          950 |
--------------------------------------------------------------------------------
| Receivables                     |        1 990 |        1 874 |        1 841 |
--------------------------------------------------------------------------------
| Cash and cash equivalents       |          859 |          821 |          359 |
--------------------------------------------------------------------------------
| Total assets                    |       10 942 |        9 973 |        9 523 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                     |              |              |              |
--------------------------------------------------------------------------------
| Non-current liabilities         |        6 190 |        6 867 |        5 655 |
--------------------------------------------------------------------------------
| Current liabilities             |        3 974 |        2 775 |        3 395 |
--------------------------------------------------------------------------------
| Total liabilities               |       10 164 |        9 642 |        9 050 |
--------------------------------------------------------------------------------

CASH FLOW STATEMENT                                                             

--------------------------------------------------------------------------------
| EUR ‘000                          | 1 Jan -     | 1 Jan -     |  1 Jan -     |
|                                   | 30 Jun 2008 | 30 Jun 2007 |  31 Dec 2007 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flows from operating         |         633 |         449 |          802 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
| Cash flows from investing         |        -724 |        -511 |       -1 349 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
| Cash flows from financing         |         590 |        -526 |         -471 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net increase in cash and cash     |         499 |        -588 |       -1 019 |
| equivalents                       |             |             |              |
--------------------------------------------------------------------------------

FLAGGING NOTIFICATIONS DURING OR AFTER THE REVIEW PERIOD                        

Ruukki Group Plc has received the following flagging notifications during or    
after the review period 1 Jan - 30 Jun 2008:                                    

- Nordea Bank Finland Plc's ownership in Ruukki Group Plc has exceeded one      
fourth (1/4). At the time the flagging notification was given, Nordea Bank      
Finland Plc announced that as the forward contracts expire in January 2008, the 
ownership of Nordea Bank Finland Plc (business ID 1680235-8) will fall below    
1/10 of the share capital and voting rights of Ruukki Group Plc.                

- Moncheur & Cie SA's (registration number 660.0.096.997-7, Geneva) ownership of
the share capital and voting rights of Ruukki Group Plc has exceeded one        
twentieth (1/20) as a result of share transactions concluded on 21 January 2008.

- Procomex S.A's (registration number R.C.Luxembourg B 57.877) ownership will   
fall below 1/10 of the share capital and voting rights of Ruukki Group Plc based
on agreement entered into on 12 February 2008. In case the agreement will be    
fully implemented the ownership of Procomex S.A. will fall below one tenth after
the share transactions are finalised. Furthermore, in consequence of the        
aforementioned agreement, when fully implemented the combined ownership of      
Procomex S.A. and Helsingin Mekaanikontalo Oy (business ID number 1076761-9)    
will fall below 1/5 of the share capital and voting rights of Ruukki Group Plc. 

- Russian JSC VTB Bank's (state registration number 1027739609391) or its       
affiliate's ownership will exceed 1/10 of the share capital and voting rights of
Ruukki Group Plc based on agreements entered into on 12 February 2008. In case  
the agreements will be fully implemented, the ownership of JSC VTB Bank or its  
affiliate will exceed one tenth after the share transactions are finalised.     

- RCS Trading Corporation Ltd's (company number 65574B, Nassau, Bahamas)        
ownership in Ruukki Group Plc has exceeded 1/20 of the share capital and voting 
rights of Ruukki Group Plc as a result of share transactions carried out on 20  
March 2008.                                                                     

- Oy Herttakakkonen Ab's (business ID 0761602-7) ownership has fallen below 1/5 
of the share capital and voting rights of Ruukki Group Plc based on share       
transactions carried out on 20 March 2008.                                      

- Oy Herttakakkonen Ab (business ID 0761602-7) made the following one-sided     
unilateral agreement on 20 March 2008: (i) Oy Herttakakkonen Ab has authorised  
Mr. Alwyn Smit or person appointed by him to vote in Ruukki Group Plc's Annual  
General Meeting on 31 March 2008 with all the shares and voting rights of Oy    
Herttakakkonen Ab; and (ii) Oy Herttakakkonen Ab has given one-sided commitment 
to sell by 28 March 2008 altogether 21,000,000 Ruukki Group Plc's shares that it
owns to RCS Trading Corp Ltd. Moreover, Oy Herttakakkonen Ab has given one-sided
commitment to sell altogether 30,000,000 shares and share forward agreements by 
31 May 2008. In case all the abovementioned commitments will be finalized, Oy   
Herttakakkonen Ab's ownership will fall below 1/20 of the share capital and     
voting rights of Ruukki Group Plc.                                              

- Danske Bank A/S Helsingin Sivukonttori's (business ID 1078693-2) ownership has
reached over 1/20 of the share capital and voting rights of Ruukki Group Plc    
based on share transaction carried out on 20 March 2008. In case the derivative 
agreements entered are exercised, Danske Bank A/S Helsingin Sivukonttori's      
ownership in Ruukki Group Plc will fall below 1/20 by the earliest at the value 
date 19 June 2008.                                                              

- Procomex S.A (registration number R.C. Luxembourg B 57.877) has on 20 March   
2008 sold 29,200,000 shares of Ruukki Group Plc. The holdings of Procomex S.A.  
has decreased under 1/10 of the share capital and voting rights of Ruukki Group 
Plc on 27 March 2008 as the transaction was settled on the stock exchange. In   
consequence of the aforementioned transaction, when settled, the combined       
holdings of Procomex S.A. and Helsingin Mekaanikontalo Oy (business ID number   
1076761-9)have decreased under 1/5 of the share capital and voting rights of    
Ruukki Group Plc.                                                               

- Russian JSC VTB Bank (business ID Code 1027739609391) has on 26 March 2008    
purchased 29,200,000 shares of Ruukki Group Plc. JSC VTB Bank's holdings exceed 
1/10 of the share capital and voting rights of Ruukki Group Plc on 27 March 2008
as the transaction is settled on the stock exchange.                            

- Nordea Bank Finland Plc's (business ID 1680235-8) holdings have not fallen    
below 3/20 but have fallen below 1/5 of the share capital and voting rights of  
Ruukki Group Plc as the forward agreements expired in March 2008. When the      
forward agreements expire in May 2008, Nordea Bank Finland Plc's ownership will 
fall below 1/10, and accordingly when the forward agreements expire in January  
2009, the ownership will fall below 1/20.                                       

- Evli Bank Plc's (business ID 0533755-0) ownership in Ruukki Group Plc's share 
capital and voting rights has fallen below 1/20 based on transactions carried   
out on 20 March 2008.                                                           

- Oy Herttakakkonen Ab's (business ID 0761602-7) ownership has fallen below 3/20
of the share capital and voting rights of Ruukki Group Plc based on transactions
carried out on 28 March 2008.                                                   

- The ownership of Nordea Bank Finland Plc (business ID 1680235-8) has on April 
1 2008 exceeded 1/5 of the share capital and voting rights of Ruukki Group Plc  
as a consequence of share purchase transactions. Simultaneously Nordea Bank     
Finland Plc announced that it has entered into forward contracts that will lead 
to following changes in the ownership: as the May 2008 forward contracts expire,
the ownership of Nordea Bank Finland Plc will fall below 1/5, and as the June   
forward contracts expire, below 1/10 and as the January 2009 forward contracts  
expire, below 1/20 of the share capital and voting rights of Ruukki Group Plc.  

- RCS Trading Corporation Ltd's (company number 65574B, Nassau, Bahamas)        
ownership has exceeded 1/10 of the share capital and voting rights of Ruukki    
Group Plc as a result of share transactions executed on 28 March 2008 and       
forward contract transactions carried out on 31 March 2008.                     

- Nordea Bank Finland Plc's (business ID 1680235-8)) holdings in Ruukki Group   
Plc have fallen below one fifth (1/5) as the May 2008 forward contracts have    
expired on 20 May 2008. Nordea Bank Finland Plc also announced that as the June 
2008 forward contracts expire, the ownership of Nordea Bank Finland Plc will    
fall below 1/10 and as the January 2009 forward contracts expire, below 1/20 of 
the share capital and voting rights of Ruukki Group Plc.                        
                                                                                
- Danske Bank A/S Helsingin Sivukonttori's (business ID 1078693-2) ownership has
reached over 1/10 of the share capital and voting rights of Ruukki Group Plc    
based on share transaction carried out on 19 May 2008. Furthermore, Danske Bank 
A/S Helsingin Sivukonttori announced that it has entered into derivative        
agreements, which according to current information will expire in June 2008 and 
in September 2008. In case these derivative agreements are exercised, Danske    
Bank A/S Helsingin Sivukonttori's ownership in Ruukki Group Plc will fall below 
1/20 by the earliest at the value date 19 June 2008.                            

- Nordea Bank Finland Plc's (1680235-8) and the Nordea Group's ownership has    
exceeded 1/5 of the share capital and voting rights of Ruukki Group Plc based on
share purchase executed on Tuesday 20 May 2008. As the May 2008 forward         
contracts expire, the ownership of Nordea Bank Finland Plc and Nordea Group will
fall below 1/5, as the June 2008 forward contracts expire, below 3/20 and as the
January 2009 forward contracts expire, below 1/20 of the share capital and      
voting rights of Ruukki Group Plc.                                              

- Hanwa Co., Limited's (Tokyo, Japan) ownership has exceeded 1/10 of the share  
capital and voting rights of Ruukki Group Plc based on share transaction carried
out on 20 May 2008.                                                             

- Russian JSC VTB Bank's (business ID Code ZTEMP1964) holdings have fallen below
1/10 and 1/20 of the share capital and voting rights of Ruukki Group Plc based  
on share sale on 21 May 2008.                                                   

- RCS Trading Corporation Ltd (company number 65574B, Nassau, Bahamas) ownership
in Ruukki Group Plc has exceeded 1/4 of the share capital and voting rights as a
result of forward contract transactions carried out on 20 May 2008 and 21 May   
2008. In addition, RCS Trading Corporation Ltd announced that Danko Koncar, who 
has a controlling interest in the company, has by himself or by third party     
decided by Danko Koncar right, given one-sided by Oy Herttakakkonen Ab, to      
acquire a total of 30,000,000 Ruukki Group Plc's shares from Oy Herttakakkonen  
Ab. In conjunction with this, Danko Koncar announced that he himself or via     
companies controlled by him will use this right only partially in a way that the
combined ownership interest in Ruukki Group Plc by him or by companies          
controlled by him will not reach or exceed 30 % of Ruukki Group Plc's share     
capital and voting rights.                                                      

- Helsingin Mekaanikontalo Oy (business ID number 1076761-9) holdings have      
fallen below 1/20 of the share capital and voting rights of Ruukki Group Plc    
based on forward contract sale on 21 May 2008. In addition, the combined        
holdings of Helsingin Mekaanikontalo Oy and Procomex S.A. (registration number  
R.C. Luxembourg B 57.877) have fallen below 1/10 of the share capital and voting
rights of Ruukki Group Plc.                                                     

- Nordea Bank Finland Plc's (1680235-8) and the Nordea Group's holdings in      
Ruukki Group Plc have not fallen below 1/5 but are still above 1/5 of the share 
capital and voting rights of Ruukki Group Plc based on forward contract sale on 
Friday 30 May and forward contracts having expired. In addition, Nordea Bank    
Finland Plc has made forward contract agreements regarding Ruukki Group Plc. As 
the June 2008 forward contracts expire, the ownership of Nordea Bank Finland Plc
and Nordea Group will fall below 3/20 and as the January 2009 forward contracts 
expire, below 1/20 of the share capital and voting rights of Ruukki Group Plc.  

- Oy Herttakakkonen Ab's (business ID 0761602-7) ownership has fallen below 1/10
of the share capital and voting rights of Ruukki Group Plc based on transactions
carried out on 5 June 2008. In addition, Oy Herttakakkonen Ab announced that it 
has continued the one-sided commitment to sell, by 31 August 2008, 20,000,000   
Ruukki Group Plc shares or forward contracts that it owns to RCS Trading        
Corporation Ltd or to a party appointed by this.                                
                                                                                
- Ruukki Group Plc and Kermas Limited (registration number 504889) have in June 
2008 entered into a preliminary agreement regarding a transaction over chrome   
operations. Among other things, it has been preliminarily agreed that Ruukki    
Group Plc will issue and Kermas Limited will subscribe for a convertible loan,  
with an amount of EUR 92 million. If the convertible loan is issued, Kermas     
Limited is, after September 1, 2010, entitled to receive in conversion a total  
of 40.000.000 shares of Ruukki Group Plc. This represents 13.8 percent of the   
current outstanding shares and votes of Ruukki Group Plc. In the case of        
complete conversion of the convertible loan the holding of Kermas Limited will  
exceed 1/10 of all shares and votes of Ruukki Group Plc. Kermas Limited is a    
parent company in a group of companies including RCS Trading Corp Ltd (company  
number 65574B, Nassau, Bahamas). Together with the current holding of RCS       
Trading Corp Ltd the potential ownership related to the convertible loan of     
Kermas Limited (“ownership of Kermas Group”) will exceed 3/10 of the shares and 
votes of Ruukki Group Plc.                                                      

- Oy Herttakakkonen Ab's (business ID 0761602-7) ownership has fallen below 1/10
to 7.48 % of the share capital and voting rights of Ruukki Group Plc based on   
transactions carried out on 5 June 2008. In addition, Oy Herttakakkonen Ab      
announced that it has continued the one-sided commitment to sell, by 31 August  
2008, 20,000,000 Ruukki Group Plc shares or forward contracts that it owns to   
RCS Trading Corp Ltd or to a party appointed by this.                           
                                                                                
- Nordea Bank Finland Plc's (business ID 1680235-8) and the Nordea Group's      
holdings in Ruukki Group Plc have not fallen below 3/20 but are still above 1/5.
Nordea Bank AB (publ) announced that part of its forward contracts have expired 
on 19 June 2008 and part of the forward contracts have been rolled over to      
longer maturities. In addition, Nordea Bank Finland Plc has made forward        
contracts regarding Ruukki Group Plc. As the December 2008 forward contracts    
expire, the ownership of Nordea Bank Finland Plc and Nordea Group will fall     
below 1/5 and as the January 2009 forward contracts expire, below 1/20 of the   
share capital and voting rights of Ruukki Group Plc.                            

- Nordea Bank Finland Plc's (business ID 1680235-8) and the Nordea Group's      
ownership of Ruukki Group Plc's share capital and voting rights has fallen below
1/5 on 30 June 2008  as a result of a share sale. In addition, Nordea Bank      
Finland Plc has made forward contracts regarding Ruukki Group Plc. As the       
December 2008 forward contracts expire Nordea's ownership in Ruukki Group Plc   
will fall below 1/5 and in January fall below 1/20.                             

- Nordea Bank Finland Plc's (business ID 1680235-8) and the Nordea Group's      
holdings in Ruukki Group Plc exceeded one fifth (1/5) as the forward contract   
agreements expired on 4 July 2008. In addition, Nordea Bank Finland Plc has made
forward contract agreements regarding Ruukki Group Plc. As the December 2008    
forward contracts expire the ownership of Nordea Bank Finland Plc and Nordea    
Group will fall below one fifth (1/5) and in January 2009 fall below one        
twentieth (1/20).                                                               

- Nordea Bank Finland Plc's (business ID 1680235-8) and the Nordea Group's      
ownership of Ruukki Group Plc's share capital and voting rights has on 15 July  
exceeded one fourth (1/4) as a result of a share purchase. In addition, Nordea  
Bank Finland Plc has made forward contract agreements regarding Ruukki Group    
Plc. As the forward contracts expire on 18 July 2008, the ownership of Nordea   
Bank Finland Plc and Nordea Group will fall below one fourth (1/4) and in       
January 2009 fall below one twentieth (1/20).