Ruukki Group Plc has today received an announcement pursuant to Securities
Market Act chapter 2, section 9 regarding a change in shareholding.
According to the announcement of Procomex S.A (registration number
R.C.Luxembourg B 57.877) its ownership will fall below one tenth (1/10) of the
share capital and voting rights of Ruukki Group Plc based on agreement entered
into on 12 February 2008. In case the agreement will be fully implemented the
ownership of Procomex S.A. will fall below one tenth after the share
transactions are finalised.
Furthermore, in consequence of the aforementioned agreement, when fully
implemented the combined ownership of Procomex S.A. and Helsingin Mekaanikontalo
Oy (business ID number 1076761-9) will fall below one fifth (1/5) of the share
capital and voting rights of Ruukki Group Plc.
Therefore, based on the agreement and on current ownership data, the ownership
of Procomex S.A. and Helsingin Mekaanikontalo Oy in Ruukki Group Plc would be
the following after the share transactions have been finalised:
--------------------------------------------------------------------------------
| Owner | Number of share | Percentage of share |
--------------------------------------------------------------------------------
| | | capital and votes |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Helsingin Mekaanikontalo Oy | 28,942,600 | 9.97 % |
--------------------------------------------------------------------------------
| Procomex S.A. | 21,696,415 | 7.48 % |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total | 50,621,015 | 17.45 % |
--------------------------------------------------------------------------------
The number of shares consists both of shares and of several forward contracts,
which are due on different maturity dates in future.
Ruukki Group Plc's registered number of shares is 290,034,022 and share capital
is 23,642,049.60 euros.
VTB ja Procomex have given the following press release on 13 February 2008:
“Leading Russian bank to own part of Ruukki Group
Bank VTB, an open joint-stock company (OAO), a leading Russian bank, which has
operations in more than 60 regions in Russia, in the person of the first vice
chairman of the board if directors Mr Vadim Levin, and the company Procomex
S.A., in the person of the general manager Mr Ahti Vilppula, have yesterday 12
February 2008 agreed on the entering of VTB as a shareholder of Ruukki Group Oyj
by purchasing 10,07% of the shares.
The basis of this agreement is the common interest of the parties to develop the
Russian forest industry through Ruukki. At the moment, the parties see each
other as long-term investors of Ruukki and they are ready to support its growth
and investment strategy in the Russian forest industry. In consequence, Ruukki
can rely on VTB's knowledge and experience when realizing its local growth
strategy.
The purchase of the shares will be completed in OMXHEX stock exchange in
Helsinki, Finland, and the value of the shares is 76,9 million euro. “
RUUKKI GROUP PLC
Matti Vikkula
Chief Executive Director
Ruukki Group focuses on wood-based industrial business operations. Currently the
group operations are located mainly in Finland, but in future the targeted
emphasis is principally in Russia. Ruukki Group Plc is listed on the Helsinki
Stock Exchange. The company's share is quoted on the OMX Nordic Exchange under
the Mid Cap segment in the Industrials sector.
ANNOUNCEMENT PURSUANT TO CHAPTER 2, SECTION 10 OF THE SECURITIES MARKET ACT
| Source: Afarak Group Plc