RUUKKI REORGANIZES THE BOARD AND THE MANAGEMENT...

07:00 London, 09:00 Helsinki, 15 January 2013 - Ruukki Group Plc, Stock Exchange Release

RUUKKI REORGANIZES THE BOARD AND THE MANAGEMENT TEAM - PLANS RESTRUCTURING

Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) announces that the Company's management will be reorganised to be more appropriately aligned to the size of the Company's current operations and the prevailing market conditions. The Company will also undertake a review of its cost base with a view to identifying other restructuring opportunities including larger structural and organisational developments. One of the available options is to centralise more of the current head office and support functions to one location. Ruukki will communicate possible progress in these matters in due course.

As part of the restructuring both the Company's board of directors and executive management team will be materially downsized. Ruukki will convene an Extraordinary General Meeting to resolve on the new board of directors in which the following members of the current board of directors will leave their positions: Dr. Chris Pointon, Mr. Paul Everard, Mr. Barry Rourke and Mr. Thomas Hoyer. Ruukki will publish the invitation to the Extraordinary General Meeting separately.

The Executive Management of Ruukki will be reorganised as follows: Mr. Thomas Hoyer, CEO; Mr. Markus Kivimäki, General Manager: Corporate Affairs; and Mr. Kalle Lehtonen, General Manager: Finance will leave their positions. All the resigning executives will remain with the Company for a period of not less than three months to ensure a smooth handover of responsibilities. Mr. Hoyer will continue as CEO until the Extraordinary General Meeting has elected a new board of directors. The new CEO is anticipated to be appointed by the new board of directors shortly after the Extraordinary General Meeting.


RUUKKI GROUP PLC
Thomas Hoyer
CEO


For additional information, please contact:

Ruukki Group Plc
Thomas Hoyer, CEO, [phone], [e-mail]
Markus Kivimäki, General Manager: Corporate Affairs, [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

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Ruukki Group via Thomson Reuters ONE

HUG#1670297