Proposed Sale of Finnish Sawmill Business

07:00 London, 09:00 Helsinki, 31 January 2011 - Ruukki Group Plc, Stock Exchange
Release



RUUKKI GROUP SIGNS LETTER OF INTENT TO SELL FINNISH SAWMILL BUSINESS



Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) is pleased
to announce it has signed a letter of intent to sell its 51 percent holding in
Junnikkala Oy to Junnikkala Oy's minority shareholders for a total consideration
of EUR 6 million. The signing of the definitive agreements is subject to a
number of conditions, including the availability of financing and certain
corporate approvals including those required for a related party transaction.
Ruukki anticipates that the signing of the definitive agreements will take place
by the end of March 2011.



As  previously  disclosed,  and  following  the  disposal  of the house building
business, Ruukki has been evaluating alternative structures for reorganising its
wood processing assets including its sawmill business. Ruukki has concluded that
the sawmill business is no longer a core business.



RUUKKI GROUP PLC

Danko Koncar

Acting Managing Director





For additional information, please contact:



Ruukki Group Plc

Markus Kivimäki, Head of Corporate Affairs, [phone],
[e-mail]

Thomas Hoyer, CFO, [phone], [e-mail]



Investec Bank Plc

Stephen Cooper, [phone], [e-mail]



RBC Capital Markets

Martin Eales, [phone], [e-mail]

Peter Barrett-Lennard, [phone], [e-mail]





Ruukki Group is a natural resources company, with a mining and minerals business
in southern Europe and South Africa and a wood processing business in Finland.
The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the
London Stock Exchange (RKKI).

www.ruukkigroup.fi







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Source: Ruukki Group Plc via Thomson Reuters ONE

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