Ruukki Group Plc, Stock Exchange Release, 11 September 2008 at 09:41 a.m. In addition to the current preparations related to entering into global ferro chrome business, Ruukki Group Plc's Board of Directors has decided to strengthen the current House Building business segment's operations by redeeming all the minority shareholder's shares in its subsidiary and by acquiring the business of Gloria House Finland Oy. Ruukki Group Plc has entered into a share purchase agreement whereby Ruukki Group immediately acquires 9.9 % of Pohjolan Design-Talo Oy from Kimmo Kurkela, the managing director of Pohjolan Design-Talo Oy. After the transaction, Ruukki Group Plc owns all the shares in Pohjolan Design-Talo Oy. The purchase consideration will be fully payable in cash, and totals about EUR 6.1 million, of which a major part will be paid in conjunction with the closing of the transaction. Kimmo Kurkela will continue as managing director for a transition period up until a new managing director for the housing business will be elected, after which Kimmo Kurkela continues being a member of the Board of Directors of Pohjolan Design-Talo Oy. During the first half of 2008, Ruukki Group's House Building business segment's revenue totalled EUR 24.8 million (1-12/2007: EUR 62.4m), and EBIT for 1-6/2008 was EUR 4.9 million (1-12/2007: EUR 13.3m). Moreover, Pohjolan Design-Talo Oy has entered into a preliminary agreement to buy, by the end of 2008 at the latest, all the business operations and related intellectual property rights of Gloria House Finland Oy, currently owned by Esa and Hannele Kurkela, with a fixed cash consideration of EUR 0.3 million. Gloria House Finland Oy designs and makes, based on foursquare laminated beams and gluelam pillars, modern wooden villas for private and public spaces. The company is in research and development phase with certain preliminary houses delivered to e.g. house fairs. Gloria House's revenue for financial year 2007 totalled EUR 0.0 million (1-12/2006: EUR 0.3m) and EBIT 0.0 million (1-12/2006: EUR 0.0m). It has moreover been agreed that Pohjolan Design-Talo Oy will start investigating opportunities to enter areal housing development projects with multiple one-family houses to be sold or rented to private customers. According to Alwyn Smit, Chairman of the Board of Ruukki Group Plc: “We see long-term potential in the ready-to-move-in house building segment both in Finland and abroad, even though the general market sentiment and demand is currently softening. Pohjolan Design-Talo's financial performance has historically been strong and its competitive edge can be utilised even in downturn. Therefore, we are actively looking for ways, in a market with restructuring expected to take place and provide opportunities, to strengthen and reposition the House Building segment of Ruukki Group.” RUUKKI GROUP PLC ALWYN SMIT CHAIRMAN OF THE BOARD Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki in which the shares of the Company are traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chairman of the Board Ruukki Group Plc Telephone +358 50 442 1663 / +41 7960 19094 www.ruukkigroup.fi Antti Kivimaa Executive Vice President, Finnish Businesses Ruukki Group Plc Telephone +358 400 501 780 www.ruukkigroup.fi Kimmo Kurkela Managing Director Pohjolan Design-Talo Oy Telephone + 358 50 379 6900 www.designtalo.fi This stock exchange release is based on a translation into English of a document written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version of the release shall prevail.