Ruukki Group Sells Finnish Pallet Business

07:00 London, 09:00 Helsinki, 1 March 2011 - Ruukki Group Plc, Stock Exchange
Release

RUUKKI GROUP SELLS FINNISH PALLET BUSINESS TO GROUP OF INVESTORS FOR EUR 9
MILLION

Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) is pleased
to announce it has signed an agreement to sell the shares of its Finnish pallet
business, Oplax Oy, to a group of investors including Russian Capital Management
(Mr Olli Pohjanvirta), Mr Juha Nurminen, Mr Esa Hukkanen and other Finnish and
Russian investors for a total consideration of approximately EUR 9 million. The
consideration will be paid in cash and with a vendor note of EUR 1.5 million.
Subject to certain conditions precedent being fulfilled, including acquisition
financing being available to the buyer, the transaction is expected to be
completed by the end of March 2011.

As a result of a strategic review undertaken during the second half of 2010, the
conclusion was that Ruukki should focus its future activities on the Minerals
Business and a process to sell the Wood Business assets was initiated. Subject
to completion of the sale of the pallet business, and the previously announced
sales of the house building business and sawmill business, Ruukki will have
divested all its wood processing assets and will be a focused integrated mining
and minerals producer supplying specialist products to the expanding steel and
stainless steel industries.

Oplax Oy produces 1.5 million wooden loading pallets per year. Revenue in 2010
was EUR 11.2 million. The company had 43 employees on 31 December 2010.

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. 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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