NEW COMPARATIVE FINANCIAL INFORMATION FOR 2012

07:00 London, 09:00 Helsinki, 7 May 2013 - Ruukki Group Plc, Stock Exchange Release

NEW COMPARATIVE FINANCIAL INFORMATION FOR 2012

Due to changes in the International Financial Reporting Standards ("IFRS") Ruukki Group Plc ("Ruukki" or "the Company") (LSE: RKKI, OMX: RUG1V), will be required to restate its financial information for the financial year 2012 as stipulated by the new IFRS standards when publishing comparative financial information in respect of its financial results since 1 January 2013.

The Company applies new or amended IFRS standards and interpretations from their effective date or after they have been endorsed for application within the EU. The revised standard, IAS 19 Employee Benefits, became effective from 1 January 2013. The Company has also resolved to begin to apply the new standards IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities as well as the revised standards IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures in the financial statements for the year 2013. The changes are applied retrospectively and do not affect the audited financial statements published in respect of the financial year ended 31 December 2012. Consequently, Ruukki has restated its financial information for 2012.

The material changes are:

IAS 19 Employee Benefits (Revised)
The revised standard includes changes to the presentation and measurement of defined benefit plans as well as amendments to the accounting treatment of other employee benefits. The amendment has changed the determination of the applicable discount rate and also the possibility to apply the so called "corridor method will be abolished. Consequently, actuarial gains and losses will be recognised in other comprehensive income when they occur and the net defined benefit liability or asset will be presented in full on the statement of financial position. As a result, Ruukki Group's pension cost for 2012 has decreased by EUR 0.2 million and its pension liability has increased by EUR 4.6 million compared with the liability presented in these financial statements as at 31 December 2012. Ruukki Group's equity has decreased by EUR 4.6 million.

IFRS 11 Joint arrangements, IAS 28 Investments in Associates and Joint Ventures (revised)
The new standard replaces the standard IAS 31 and the SIC-13 interpretation. Under the new standard Ruukki's share in Synergy Africa Limited and its subsidiaries are consolidated under the equity method instead of the proportionate method of consolidation. Synergy Africa Limited and its subsidiaries form a part of Ruukki's mining operations in South Africa. If the new standard was applied from 1 January 2012, Ruukki Group's revenue in 2012 would have been EUR 1.8 million lower and total assets reduced by 8.2 million compared to the figure presented in the 2012 financial statements.

The restated consolidated income statement, consolidated statement of financial position, consolidated statement of cash flows and consolidated statement of changes in equity as well as segment information for the financial year 2012 and Q1-Q4 interim periods are summarised in the attached file. Restatements for earlier periods have not been made.

RUUKKI GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Ruukki Group Plc
Danko Koncar, CEO, [phone], [e-mail]

Investec Bank Plc
Neil Elliot, [phone], [e-mail]
George Price, [phone], [e-mail]

Ruukki Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com

Comparative_data

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Source: Ruukki Group via Thomson Reuters ONE

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