Ruukki Group Plc, Interim Report, 28 May 2010 at 11:30 a.m.                     

RUUKKI GROUP PLC'S INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2010                 

HIGHLIGHTS Q1/2010                                                              

- Group Revenue EUR 54.4 million (1-3/2009: EUR 44.5 million)                   

- Group EBITDA EUR 2.2 (1.7) million                                            

- Minerals business EBITDA EUR 2.5 (0.7) million                                

- Wood Processing business EBITDA EUR 2.8 (3.3) million                         

- Cash flow from operations equalling EUR 4.5 (3.8) million                     
- Earnings per share, undiluted: EUR -0.01 (-0.01)                              

- Amount of treasury shares held by the Company: 8,740,895 shares on 31 March   
2010 (21,787,917 on 31 December 2009)                                           

- Amount of shares outstanding, netting out the treasury shares: 239,241,105 on 
31 March 2010 (239,246,105 on 31 December 2009)                                 

- In relation to the purchase of Mogale Alloys (Pty) Ltd in 2009, the Company   
paid yesterday, on 27 May 2010, the vendors the second purchase price tranche of
200 million South African rand as was agreed in the original purchase agreement 

GROUP KEY FIGURES                                                               

--------------------------------------------------------------------------------
|                                    |     Q1/2010 |     Q1/2009 |        2009 |
--------------------------------------------------------------------------------
| EUR million                        |   3 months  |   3 months  |  12 months  |
|                                    |   31.3.2010 |   31.3.2009 |  31.12.2009 |
--------------------------------------------------------------------------------
| Revenue                            |        54.4 |        44.5 |       193.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EBITDA                             |         2.2 |         1.7 |        19.4 |
--------------------------------------------------------------------------------
| % of revenue                       |        4.0% |        3.8% |       10.0% |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EBIT                               |        -5.6 |        -3.9 |       -24.6 |
--------------------------------------------------------------------------------
| % of revenue                       |      -10.2% |       -8.8% |      -12.7% |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings before taxes              |        -5.7 |        -5.9 |       -28.3 |
--------------------------------------------------------------------------------
| % of revenue                       |      -10.5% |      -13.2% |      -14.7% |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period              |        -4.4 |        -5.6 |       -22.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, % p.a.           |       -6.2% |       -6.6% |       -7.1% |
--------------------------------------------------------------------------------
| Return on capital employed, % p.a. |       -3.9% |       -4.0% |       -5.0% |
--------------------------------------------------------------------------------
| Equity ratio, %                    |       51.6% |       62.9% |       52.0% |
--------------------------------------------------------------------------------
| Earnings per share, undiluted, EUR |       -0.01 |       -0.01 |       -0.08 |
--------------------------------------------------------------------------------
| Earnings per share, diluted, EUR   |       -0.01 |       -0.01 |       -0.08 |
--------------------------------------------------------------------------------
| Equity per share, EUR              |        1.08 |        1.23 |        1.03 |
--------------------------------------------------------------------------------
| Average number of shares,          |     239,243 |     264,988 |     250,175 |
| undiluted (1,000)                  |             |             |             |
--------------------------------------------------------------------------------
| Average number of shares, diluted  |     268,321 |     310,314 |     295,456 |
| (1,000)                            |             |             |             |
--------------------------------------------------------------------------------
| Number of shares outstanding, end  |     247,982 |     261,034 |     261,034 |
| of period (1,000)                  |             |             |             |
--------------------------------------------------------------------------------

CEO COMMENTS                                                                    

According to Alwyn Smit, CEO of Ruukki Group Plc:                               

- “After a challenging 2009, the weak economic recovery was positively reflected
in Ruukki Group's business in Q1/2010. However, in the Minerals business the    
signals were mixed, as the market prices fluctuated due to a periodic           
overcapacity and the Group's production suffered from a lower than expected     
furnace availability in South Africa. The production problems will, however, be 
solved this year.”                                                              

- “In general, the future outlook is positive with market demand and prices     
showing an upswing, especially in emerging markets. China dominates the market  
for stainless steel production, ferrochrome and chrome ore as the biggest       
importer and demand is also increasing in other emerging economies. Ruukki Group
is focused on raising its production volume by increasing its processing furnace
capacity and its own mining activities. The sales of various product groups are 
segmented to exploit the demand in different geographic markets. We are very    
pleased with the new Turkish plant that started operating in May within the     
planned timeframe and budget.”                                                  

- “The house building business is demonstrating the most potential in the Wood  
business. There was a clear pick-up in the number of house orders compared to   
2009, and the trend is expected to continue. Along with focusing on popular     
turnkey houses, the Group's house building business aims to expand its product  
range. The launch of a weekend house collection was finalised in early May.”    

- “The house building business is also looking into vertical integration        
opportunities in land and property development. The business is well positioned 
to seize market opportunities and further increase its profitability if the     
upturn continues.”                                                              

PRESS AND ANALYSTS BRIEFING                                                     

The Company will organise a conference call on 28 May 2010 at 2:00 p.m. Finnish 
time in English. CEO Alwyn Smit will present the interim report. Please register
via email to marjo.lonka@ruukkigroup.fi to attend the call. Further instructions
will be given after registration.                                               

For any further information, please contact:                                    

Alwyn Smit                                                                      
Chief Executive Officer                                                         
Ruukki Group Plc                                                                
Telephone +41 7960 19094                                                        
www.ruukkigroup.fi                                                              

Ruukki Group Plc's shares are listed on NASDAQ OMX Helsinki in which the shares 
of the Company are traded in the mid cap segment, in the industrials sector.    

This Interim Report is released in Finnish and in English. In case there would  
be any potential discrepancies, inconsistencies or inaccuracies, the Finnish    
version shall prevail.                                                          

RUUKKI GROUP PLC: INTERIM REPORT, 1 JANUARY - 31 MARCH 2010                     

GUIDANCE AND SHORT TERM OUTLOOK                                                 

Global economic recovery remains fragile, but the Group expects demand for      
Ruukki Group's products to be better in 2010 than in the previous year in the   
Group's major markets. The emphasis on cash flow generation from all of its     
operations is still a valid operational principle for 2010. The Group is looking
for expansion opportunities and potential acquisition targets within its current
main business areas and evaluating alternative structures for reorganising its  
wood processing assets.                                                         
                                                                                
Ruukki Group's Minerals units have been recovering from the year 2009 downturn  
and the Group sees increased demand for the rest of the quarters of 2010, which 
is expected to result in higher volumes and better prices for the Group's       
products. One of the main risk factors for the Group's profitability is input   
prices, mainly the development of the price of raw materials and electricity.   
Despite recent positive signals, the current state of the minerals sector is    
expected to remain volatile.                                                    

Ruukki Group's Wood Processing units have been enjoying improved market         
conditions and demand has been increasing. The house building business has      
increased its sales volume and this trend is expected to continue. The major    
risk for the Wood Processing units lies in production and raw material costs,   
where after two years of decreasing prices in the industry, there is now        
pressure for increases. The Group is reviewing its interests in the house       
building and wood processing sectors and alternatives available to develop and  
maximise the value of its related businesses. The Group is evaluating           
alternative structures for reorganising its house building and wood processing  
assets. Should the Group's review not result in, for example, a disposal of, or 
demerger and separate listing of, the Group's house building and wood processing
businesses, it is the Group's intention to retain these interests in the medium 
term and to seek opportunities to maximise their value, prior to an eventual    
disposal.                                                                       

KEY EVENTS DURING THE FIRST QUARTER 2010                                        

The preparations for listing Ruukki Group Plc's shares on the Main Market of the
London Stock Exchange during the first half of 2010 are ongoing. Related to the 
listing process, Ruukki Group has been further developing Group governance and  
steering.                                                                       

Ilona Halla was nominated CFO of Ruukki Group Plc in February after the Group's 
Deputy CEO Jukka Havia, responsible for finance and acquisitions, resigned from 
the Company and moved on to new responsibilities outside Ruukki Group.          

In February, Ruukki Group's Turkish subsidiary, Türk Maadin Sirketi A.S.,       
acquired 99.00% of the shares in Intermetal Madencilik ve Ticaret A.S.          
(“Intermetal”). The rationale of the transaction was to expand the Group's      
chrome ore reserves base in Turkey.                                             

In January, Ruukki Group Plc's Board decided to cancel 13,052,022 treasury      
shares held by the Company. The cancellation did not affect the Company's share 
capital. The registered number of shares has been 247,982,000 since the         
cancellation, which became valid after it was registered at the Trade Register  
on 2 February 2010.                                                             

The Group has also established an office in Johannesburg for Ruukki South Africa
(Pty) Ltd, headed by Dr Alistair Ruiters, who was appointed as Executive        
Chairman of Mogale Alloys (Pty) Ltd in March 2010 taking over certain management
functions from the Mogale board, and to consider potential expansion            
opportunities for the South African minerals processing business. In addition,  
Mr. Callie Pienaar was elected as acting Chief Operating Officer of Mogale. The 
Group has also opened an office in London, to handle investor relations and for 
some head office staff.                                                         

KEY EVENTS AFTER THE FIRST QUARTER 2010                                         

As published on 3 May, Ruukki Group Plc's Board appointed from among its members
Mr Barry Rourke as the Chairman of the Audit Committee and Mr Paul Everard and  
Mr Chris Pointon as the members of the Audit Committee.                         

Ruukki Group Plc's Board of Directors also decided to establish Nomination and  
Remuneration Committees. The Board appointed Mr Chris Pointon as the Chairman of
the Nomination Committee and Ms Jelena Manojlovic and Mr Terence McConnachie as 
the members of the Nomination Committee. Furthermore, the Board of Directors    
appointed Mr Philip Baum as the Chairman of the Remuneration Committee and Mr   
Markku Kankaala and Ms Jelena Manojlovic as the members of the Remuneration     
Committee.                                                                      

The previously announced expansion of the Turkish subsidiary's chromite         
concentrate processing capacity is proceeding according to plan, and the new    
plant started operations in May 2010. Due to the installation of the latest     
generation of shacking tables, the plant can be fed with low grade material and 
reach a production of high grade concentrate of about 40,000 tons per year. The 
set up of the new plant permits a large flexibility to process low grade as well
as high grade run of mines and allows to obtain a substantial reduction in      
the processing costs.                                                           

The director of Ruukki Group's Wood Processing business Thomas Hoyer was        
nominated the CEO of Pohjolan Design-Talo Oy, as published on 21 May. This      
change is in accordance with the strategy of concentrating more to the house    
building in the Wood business of Ruukki Group Plc.                              

In relation to the purchase of Mogale Alloys (Pty) Ltd in 2009, the Company paid
yesterday, on 27 May 2010, the vendors the second purchase price tranche of 200 
million South African rand as was agreed in the original purchase agreement.    

DEVELOPMENT BY BUSINESS SEGMENT                                                 

MINERALS BUSINESS                                                               

Ruukki Group's Minerals business consists of Southern European and South African
minerals businesses. Southern European minerals business consists of mining and 
beneficiation operations in Turkey, chromite concentrate processing in Germany  
and procurement and sales operations in Malta. The South African business       
consists of smelting operations with four furnaces. The South African unit's    
products are mainly sold to external parties through Southern European unit's   
sales company RCS Ltd, located in Malta. The sales company receives a commission
for the South African sales. The Group's aim is to become a vertically          
integrated mine-to-metals producer in selected minerals and alloys in selected  
geographical areas.                                                             

Revenue and profitability of the Minerals business:                             

--------------------------------------------------------------------------------
| EUR million           |        1-3/2010 |        1-3/2009 |        1-12/2009 |
|                       |        3 months |        3 months |        12 months |
--------------------------------------------------------------------------------
| Revenue               |            30.0 |            12.8 |             71.0 |
--------------------------------------------------------------------------------
| EBITDA                |             2.5 |             0.7 |             10.4 |
--------------------------------------------------------------------------------
| EBITDA margin         |            8.3% |            5.4% |            14.6% |
--------------------------------------------------------------------------------
| EBIT                  |            -3.8 |            -3.6 |            -30.1 |
--------------------------------------------------------------------------------
| EBIT margin           |          -12.8% |          -28.1% |           -42.3% |
--------------------------------------------------------------------------------

During the first quarter, Ruukki Group's minerals units have been recovering    
from the economic downturn and the increased demand is expected to result in    
higher volumes and better prices for the Group's products also in the following 
quarters of 2010. The first quarter revenue was more than doubled compared to   
2009. The increase was mainly based on the South African product sales, since   
Mogale Alloys was only acquired in the end of May 2009. In Minerals, increasing 
profitability was the main focus in Q1. It was tackled by cutting costs and with
more targeted segmentation in sales of various product groups. The 2010 first   
quarter EBITDA and EBIT margins were better than in the first quarter of 2009.  
The main risk factors for the Minerals business' profitability are input prices,
mainly the development of the price of raw materials and electricity, as well as
exchange rate fluctuations.                                                     

The number of employees of the Minerals business totalled 628 on 31 March 2010  
(31.3.2009: 388).                                                               

Southern European minerals business                                             

Key financial performance indicators for the Southern European minerals         
business:                                                                       

--------------------------------------------------------------------------------
| EUR million           |        1-3/2010 |     1-3/2009  3 |        1-12/2009 |
|                       |        3 months |          months |        12 months |
--------------------------------------------------------------------------------
| Revenue               |            27.9 |            12.8 |             57.3 |
--------------------------------------------------------------------------------
| EBITDA                |             0.5 |             0.7 |             10.0 |
--------------------------------------------------------------------------------
| EBITDA margin         |            1.7% |            5.4% |            17.4% |
--------------------------------------------------------------------------------
| EBIT                  |            -3.7 |            -3.6 |             -6.9 |
--------------------------------------------------------------------------------
| EBIT margin           |          -13.3% |          -28.1% |           -12.0% |
--------------------------------------------------------------------------------

The Southern European revenue shows a considerable improvement compared to last 
year. The revenue includes from Q3/2009 onwards also the sales of the Mogale    
products, which the Group has post-Mogale acquisition channelled through the    
Group's Maltese sales company RCS Ltd. For Q1/2010 Southern European minerals   
business's revenue contains EUR 15.5 million related to the sales of Mogale's   
products. As there is only a two percentage commission on those sales, it       
affects the relative profitability of the Southern European minerals operations 
presented above. This commission totalled EUR 0.3 million for the first quarter 
of 2010.                                                                        

The production output in the market was increased at the end of 2009 in order to
match growing demand. However, the increase in demand was delayed until the     
latter part of Q1/2010, which led to a situation of oversupply in the whole     
market and decreasing market prices, especially of low carbon (LC) products. The
Group has therefore focused on the production of higher-margin ultra low carbon 
(ULC) products.                                                                 

The production of the German group company Elektrowerk Weisweiler (EWW) was     
suspended during January-February due to the high stock levels of LC products.  
The start-up of the EWW furnace in March increased overall production costs in  
EWW in the first quarter.                                                       

The Group's Turkish business has shown a positive development. The Group's      
chrome ore reserves base in Turkey was expanded by the acquisition of 99 per    
cent of the shares of Intermetal Madencilik ve Ticaret A.S. (“Intermetal”) in   
January. Intermetal has altogether six chrome ore exploration and exploitation  
licenses with a total land area of about 5,000 hectares. The new chromite       
concentrate processing plant of the Turkish subsidiary Türk Maadin Sirketi (TMS)
has started operations in May 2010. The plant enables TMS to use nearby waste   
tailings from previous mining operations rather than mined chrome ore for       
production of chromite concentrate, which management expects to reduce          
production costs for the chromite concentrate.                                  

South African minerals business                                                 

Key financial performance indicators for the South African minerals business:   

--------------------------------------------------------------------------------
| EUR million                  |              1-3/2010 |             6-12/2009 |
|                              |              3 months |              7 months |
--------------------------------------------------------------------------------
| Revenue                      |                  15.4 |                  28.2 |
--------------------------------------------------------------------------------
| EBITDA                       |                   2.4 |                   0.4 |
--------------------------------------------------------------------------------
| EBITDA margin                |                 15.8% |                  1.6% |
--------------------------------------------------------------------------------
| EBIT                         |                   0.3 |                 -23.1 |
--------------------------------------------------------------------------------
| EBIT margin                  |                  1.9% |                -82.1% |
--------------------------------------------------------------------------------

The first quarter 2010 developments in the South African minerals business were 
reasonably good compared to last year concerning both revenue and EBITDA. Lower 
than expected furnace availability had an adverse effect on production volume in
the review period and will also have an impact on the full year 2010 production.
The production problems will be fixed during the year 2010. All four furnaces   
are now in production but they are not operating in full capacity. Full         
production is expected to be achieved after the third quarter of 2010.          

To save costs and to give a more versatile product mix for the Group`s          
customers, the Mogale products have been sold via RCS Ltd since Q3/2009. In     
order to further lower the costs of raw materials the Group aims to extend local
ore production in South Africa.                                                 

WOOD PROCESSING BUSINESS                                                        

Revenue and profitability of the Wood Processing business:                      

--------------------------------------------------------------------------------
| EUR million             |    1-3/2010  3 |     1-3/2009  3 |       1-12/2009 |
|                         |        months  |          months |       12 months |
--------------------------------------------------------------------------------
| Revenue                 |           24.5 |            31.7 |           122.4 |
--------------------------------------------------------------------------------
| EBITDA                  |            2.8 |             3.3 |            17.1 |
--------------------------------------------------------------------------------
| EBITDA margin           |          11.4% |           10.3% |           14.0% |
--------------------------------------------------------------------------------
| EBIT                    |            1.4 |             2.0 |            13.6 |
--------------------------------------------------------------------------------
| EBIT margin             |           5.6% |            6.2% |           11.1% |
--------------------------------------------------------------------------------

In Q1/2010 the Group's Wood Processing business revenue and profitability fell  
behind the first quarter of 2009. There were, however, structural changes in the
business that affected this development. At the end of 2009 the Group disposed  
of three sawmill operations at Lappipaneli Oy and Tervolan Saha ja Höyläämö     
group, as part of further restructuring of Ruukki's Wood business. Lappipaneli's
sawmill business was sold in October 2009; inventories were sold in October 2009
and the transfer of fixed assets took place in April 2010. The revenue of       
Tervolan Saha and Höyläämö Group totalled EUR 1.8 million and EBIT was EUR 0.0  
million for the first quarter of 2009. Lappipaneli Oy's revenue reached EUR 7.4 
million and EBIT stood at EUR 0.0 million for 1-3/2009. During 1-3/2010         
Lappipaneli has received about EUR 0.3 million of rental income from the use of 
its fixed assets and its EBIT was EUR 0.4 million negative for the first quarter
of 2010. Taking these changes into account, the revenue development for the     
continued businesses has been positive compared to the first quarter of 2009.   

The new orders received in house building showed a recovery and the Group       
expects that the positive developments in sales in late 2009 and in Q1/2010 will
result in improving financial performance later in 2010 when house deliveries   
will be recognised as revenue. Economic recovery, however, may in the future    
push the prices of raw materials up, which could have a negative effect on the  
profitability of the Wood business.                                             

On 31 March 2010 the Wood Processing business employed a total of 258 employees 
(31 March 2009: 277).                                                           

House building business                                                         

Key financial performance indicators for the house building business:           

--------------------------------------------------------------------------------
| EUR million             |       1-3/2010 |      1-3/2009 3 |    1-12/2009 12 |
|                         |       3 months |          months |          months |
--------------------------------------------------------------------------------
| Revenue                 |            9.2 |            12.2 |            31.8 |
--------------------------------------------------------------------------------
| EBITDA                  |            1.6 |             3.3 |             7.2 |
--------------------------------------------------------------------------------
| EBITDA margin           |          17.8% |           27.1% |           22.6% |
--------------------------------------------------------------------------------
| EBIT                    |            1.6 |             3.2 |             6.8 |
--------------------------------------------------------------------------------
| EBIT margin             |          16.9% |           26.4% |           21.5% |
--------------------------------------------------------------------------------

Wooden ready-to-move-in house deliveries (number of houses):                    

--------------------------------------------------------------------------------
|                1-3/2010 |                1-3/2009 |                1-12/2009 |
--------------------------------------------------------------------------------
|                      62 |                     96* |                      238 |
--------------------------------------------------------------------------------

* Of the Q1/2009 deliveries 22 houses relate to Suomutunturi project            

The house building business result and margins for the first quarter of 2010    
were modest compared to 2009 since the pick-up in sales in late 2009 did not yet
mature into deliveries during the quarter. In the whole residential housing     
sector, however, the improving economic situation rallied market demand and the 
Company believes that the earlier investments in the development of low-energy  
and turnkey houses will later pay off, as demand for these product groups is    
expected to grow faster than the general market.                                

The major strategic development project of the quarter, finalised in early May, 
was the launch of a weekend house collection. Entering into this new segment of 
house building, Design-Talo is expanding its target market. This will not have  
any significant impact on financial performance in the short-term, but is a     
strong strategic step in the long-term, that should support growth and reduce   
the dependence on the single family house market's demand cycles. The number of 
delivered houses to customers amounted to 62 during the review period.          

Pallet business                                                                 

Key financial performance indicators for the pallet business:                   

--------------------------------------------------------------------------------
| EUR million             |       1-3/2010 |        1-3/2009 |       1-12/2009 |
|                         |       3 months |        3 months |       12 months |
--------------------------------------------------------------------------------
| Revenue                 |            2.3 |             2.1 |             9.4 |
--------------------------------------------------------------------------------
| EBITDA                  |            0.5 |             0.0 |             1.5 |
--------------------------------------------------------------------------------
| EBITDA margin           |          20.7% |            1.9% |           16.0% |
--------------------------------------------------------------------------------
| EBIT                    |            0.2 |            -0.1 |             0.5 |
--------------------------------------------------------------------------------
| EBIT margin             |           8.1% |           -7.1% |            5.5% |
--------------------------------------------------------------------------------

In the pallet business, sales volumes returned to normal after a difficult 2009 
and both the revenue and the margins of the Q1/2010 show positive developments  
compared to the first quarter of 2009. The number of pallets delivered to       
customers was 230,310 (1-3/2009: 247,942). A harbour workers' strike in Finland 
impacted the demand and affected the quarter's sales, revenue and result. The   
missed revenues are expected to be recouped in April-May and the positive trend 
is expected to continue. A strong focus is given to deepening the relationship  
with key customers and developing the service offering.                         

Sawmill business                                                                

Key financial performance indicators for the sawmill business:                  

--------------------------------------------------------------------------------
| EUR million             |       1-3/2010 |      1-3/2009 3 |    1-12/2009 12 |
|                         |       3 months |          months |          months |
--------------------------------------------------------------------------------
| Revenue                 |           13.1 |            17.5 |            82.7 |
--------------------------------------------------------------------------------
| EBITDA                  |            0.7 |            -0.1 |             8.4 |
--------------------------------------------------------------------------------
| EBITDA margin           |           5.1% |           -0.5% |           10.1% |
--------------------------------------------------------------------------------
| EBIT                    |           -0.4 |            -1.1 |             6.2 |
--------------------------------------------------------------------------------
| EBIT margin             |          -2.9% |           -6.4% |            7.5% |
--------------------------------------------------------------------------------

At Junnikkala Oy, the only remaining sawmill entity in the Group operating two  
sawmills, market conditions improved and business recovered from the downturn.  
Sales volumes increased in all product groups, with deliveries to domestic house
factories showing especially strong growth. The supply of raw material, however,
poses a concern for the whole sawmill industry. The revenue development is      
positive compared to 2009 when taking into account the changes in the sawmill   
business's structure as described earlier in the Wood processing business       
section.                                                                        

When looking at the sawmill business's financial performance indicators for     
financial year 2009, sawmill business EBITDA, excluding a non-recurring         
Junnikkala put option related gain, was EUR 3.1 million, which corresponds to   
about 3.7% of revenue. Sawmill business EBIT was EUR 1.1 million negative (-1.4%
of revenue) for 1-12/2009 when both Junnikkala put option termination and       
Lappipaneli related reversal of impairment would be excluded.                   

The volume of sawn timber production:                                           

--------------------------------------------------------------------------------
|                  |     1-3/2010 |     1-3/2009 |    1-3/2009* |    1-12/2009 |
--------------------------------------------------------------------------------
| 1 000 m3         |           54 |           79 |           40 |          331 |
--------------------------------------------------------------------------------

* Q1/2009 when excluding the effect of Lappipaneli Oy and Tervolan Saha ja      
Höyläämö Oy                                                                     

OTHER OPERATIONS                                                                

For the first quarter of 2010 the Group's other operations, not included in the 
separately reported segments, generated a negative EBITDA of EUR 3.1 million,   
which mainly related to the Group's headquarter's operations and to the London  
listing preparations. The Group's parent company recognised EUR 0.1 million     
non-cash option expenses for the first quarter of 2010. In relation to the      
London listing preparations EUR 1.1 million expenses were recognised during     
first quarter of 2010. The income from associated companies had only a very     
minor effect to the first quarter results.                                      

The Group's liquidity, when taking into account cash and cash equivalents as    
well as short-term held-to-maturity deposits, totalled EUR 59.0 (31.12.2009: EUR
58.3) million at the end of the first quarter 2010.                             

RISKS AND UNCERTAINTIES, CHANGES DURING OR AFTER THE REVIEW PERIOD              

In addition to and alongside with the risks described in the Group's 2009 Annual
Report, there are certain risks described below that are valid for the          
prevailing situation.                                                           

Through the acquisition of the chrome ore and ferrochrome businesses in October 
2008 and by the expansion into South African minerals sector via Mogale Alloys  
acquisition in May 2009, the Group on the one hand has diversified its industry 
risks somewhat, and hence is less vulnerable to the wood processing industry,   
but on the other hand it has more exposures to commodity price risks in the     
minerals sector.                                                                

As a consequence of the above mentioned acquisitions, significant intangible    
assets are currently recognised on the Group balance sheet. Since the Group has 
made and might carry out mergers and acquisitions, there is a number of         
implementation and integration related risks.                                   

There is also uncertainty what the total purchase consideration is for some of  
the Group's acquisitions, both related to options' exercise prices and also     
related to earn-out purchase components, as they can only be verified when the  
total purchase considerations are finally settled, which to some extent takes   
place only after a few years time.                                              

The further expansion and importance of the Minerals business has also increased
the absolute and relative importance of foreign operations and also foreign     
exchange rate risks, both directly and indirectly. The changes in exchange      
rates, if adverse, can have a substantial negative impact on the Group's        
profitability, in particular in relation to changes in USD/ZAR. Changes in ZAR  
exchange rate also have an effect the EUR value of the deferred purchase        
consideration of Mogale Alloys.                                                 

The Group is considering some alternative options how to organically grow its   
Minerals business, both at the raw material sourcing and further processing     
phases, which can expose the Group to major project risks.                      

Based on studies and surveys carried out so far, the Group has no knowledge of  
any environmental risks or changes in environmental requirements that relate to 
its businesses in excess of what is disclosed in the Group's 2009 Annual Report.

Rautaruukki Corporation initiated legal proceedings against Ruukki Group Plc in 
December 2009. Ruukki Group has in April 2010 filed responses to Rautaruukki    
Corporation's claims and further initiated legal counter proceedings against    
Rautaruukki Corporation.                                                        

MINERALS                                                                        

The short-term success of the Group's Minerals businesses is to a large extent  
dependant on the global demand for stainless steel of which ferrochrome is one  
key raw material. During the latter half of 2009 there was a pick-up in demand  
and a trend of sales price increases, but there is still general uncertainty as 
to how the 2010 demand will further develop. The Group's Minerals business's    
management expects the demand for the Group's ferroalloys products in general to
be higher in 2010 compared to that of 2009, but the Group has decided to curtail
the production of the specialty grade ferrochrome during the first quarter, and 
later if needed, to manage cash flow and inventories.                           

Since the Minerals operations, in particular in the smelting processes, require 
a considerable amount of electricity and power, the availability and price of   
electricity can have a significant effect on the Minerals profitability. In     
particular in South Africa, there is a substantial risk of an increase in the   
unit price of electricity.                                                      

WOOD                                                                            

For the Wood Processing operations, the success of the house building business  
is one key driver of cash flows and profitability. Therefore, the development of
the Finnish house building sector in general impacts the financial performance  
of the business. Currently the Finnish single-family house market in general is 
rebounding from a few years of declining volumes, but there is still uncertainty
as to the length and depth of the recovery. The Group has at the end of 2009    
taken some initiatives to diversify the house building business to also cover   
larger area development projects, which typically tie more cash resources than  
the earlier basic business model of the Group and expose the business to risks  
related to changes in the value of the land.                                    

In the sawmill business, major short-term risks and uncertainties relate to     
customer demand and the development of market prices. Capacity utilisation rate 
was at a low level in 2009, and if that would not change, it can continue to    
have an adverse effect on profitability since loosing benefits from economies of
scale typically increases average production costs per unit. If there are any   
public sector changes to taxes, laws, required safety measures or any other     
similar issues, these can increase the costs of the Group's Wood processing     
businesses. Also, the changes in foreign exchange rates can have major impact on
the Group's sawmill business's performance, as sawn timber products are         
commodities produced and traded on global markets with only very minor          
differentiation between competitors.                                            

RELATED PARTY TRANSACTIONS                                                      

In February 2010 the Group acquired a 99% stake in Intermetal from a related    
party for a EUR 0.3 million cash consideration.                                 

The house building business has during the review period entered into sales     
contracts, the total value of which is EUR 1.3 million including VAT, with its  
employees and stakeholders for a total of nine houses with deliveries to take   
place in 2010 and 2011.                                                         

There have not been any other significant related party transactions during the 
review period.                                                                  

FINANCIAL TABLES                                                                

FINANCIAL DEVELOPMENT BY SEGMENT, EUR THOUSAND                                  

--------------------------------------------------------------------------------
| 1.1.-31.3.2010   |      Wood | Minerals | Non-segm |  Adjustments |    Group |
| EUR '000         | Processin |          |     ents |          and |          |
|                  |         g |          |          | eliminations |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
| From external    |    24 461 |   29 968 |        0 |            0 |   54 429 |
| customers        |           |          |          |              |          |
--------------------------------------------------------------------------------
| From other       |         0 |        0 |        0 |            0 |        0 |
| segments         |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's        |    24 461 |   29 968 |        0 |            0 |   54 429 |
| revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit           |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's EBITDA |     2 781 |    2 502 |   -3 096 |            0 |    2 186 |
--------------------------------------------------------------------------------
| Segment's EBIT   |     1 367 |   -3 826 |   -3 108 |            0 |   -5 567 |
--------------------------------------------------------------------------------
| Segment's profit |       759 |   -5 026 |     -170 |           -3 |   -4 440 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 1.1.-31.3.2009   |      Wood | Minerals | Non-segm |  Adjustments |    Group |
| EUR '000         | Processin |          |     ents |          and |          |
|                  |         g |          |          | eliminations |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
| From external    |    31 674 |   12 814 |        0 |            0 |   44 488 |
| customers        |           |          |          |              |          |
--------------------------------------------------------------------------------
| From other       |         0 |        0 |        1 |           -1 |        0 |
| segments         |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's        |    31 674 |   12 814 |        1 |           -1 |   44 488 |
| revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit           |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's EBITDA |     3 263 |      693 |   -2 269 |            0 |    1 687 |
--------------------------------------------------------------------------------
| Segment's EBIT   |     1 959 |   -3 598 |   -2 288 |            0 |   -3 927 |
--------------------------------------------------------------------------------
| Segment's profit |      -705 |   -1 685 |   -3 248 |            0 |   -5 638 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| 1.1.-31.12.2009  |      Wood | Minerals | Non-segm |  Adjustments |    Group |
| EUR '000         | Processin |          |     ents |          and |          |
|                  |         g |          |          | eliminations |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
| From external    |   122 324 |   71 035 |        1 |            0 |  193 359 |
| customers        |           |          |          |              |          |
--------------------------------------------------------------------------------
| From other       |        63 |        0 |      321 |         -384 |        0 |
| segments         |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's        |   122 387 |   71 035 |      322 |         -384 |  193 359 |
| revenue          |           |          |          |              |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit           |           |          |          |              |          |
--------------------------------------------------------------------------------
| Segment's EBITDA |    17 086 |   10 380 |   -8 104 |            0 |   19 363 |
--------------------------------------------------------------------------------
| Segment's EBIT   |    13 610 |  -30 066 |   -8 161 |            0 |  -24 617 |
--------------------------------------------------------------------------------
| Segment's profit |     7 461 |  -31 888 |    5 950 |       -4 250 |  -22 727 |
--------------------------------------------------------------------------------

ASSETS BY SEGMENT, EUR THOUSAND                                                 

--------------------------------------------------------------------------------
| ASSETS           |      Wood | Minerals | Non-segm |  Adjustments |    Group |
| EUR '000         | Processin |          |     ents |          and |          |
|                  |         g |          |          | eliminations |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 31 March 2010    |    79 181 |  400 116 |  357 921 |     -266 702 |  570 516 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| 31 December 2009 |    83 623 |  390 005 |  362 749 |     -273 180 |  563 198 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

GOODWILL BY SEGMENT, EUR THOUSAND                                               

--------------------------------------------------------------------------------
| EUR '000            | 31.3.2010 |       % | 31.12.2009 |        % |   Change |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Minerals            |   155 213 |  85.9 % |    147 327 |   85.2 % |    7 886 |
--------------------------------------------------------------------------------
| Wood Processing     |    25 523 |  14.1 % |     25 523 |   14.8 % |        0 |
--------------------------------------------------------------------------------
| Total               |   180 736 | 100.0 % |    172 850 |  100.0 % |    7 886 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

* Increase due to changes in exchange rates                                     

CONSOLIDATED INCOME STATEMENT, SUMMARY, EUR THOUSAND                            

--------------------------------------------------------------------------------
|                                  | 1.1.-31.3.2 | 1.1.-31.3.20 | 1.1.-31.12.2 |
|                                  |         010 |           09 |          009 |
--------------------------------------------------------------------------------
| EUR '000                         |    3 months |     3 months |    12 months |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue                          |      54 429 |       44 488 |      193 359 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other operating income           |         392 |          158 |        7 587 |
--------------------------------------------------------------------------------
| Operating expenses               |     -52 634 |      -42 959 |     -181 590 |
--------------------------------------------------------------------------------
| Depreciation and amortisation    |      -7 236 |       -5 614 |      -26 960 |
--------------------------------------------------------------------------------
| Impairment                       |        -517 |            0 |      -17 020 |
--------------------------------------------------------------------------------
| Items related to associates      |          -1 |            0 |            6 |
| (core)                           |             |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit                 |      -5 567 |       -3 927 |      -24 617 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial income and expense     |        -215 |       -1 936 |       -3 435 |
--------------------------------------------------------------------------------
| Items related to associates      |          42 |          -11 |         -284 |
| (non-core)                       |             |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit before tax                |      -5 740 |       -5 874 |      -28 336 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income tax                       |       1 300 |          236 |        5 609 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit for the period            |      -4 440 |       -5 638 |      -22 727 |
--------------------------------------------------------------------------------
| Profit attributable to           |             |              |              |
--------------------------------------------------------------------------------
| Owners of the parent             |     -3 459  |       -3 572 |      -19 744 |
--------------------------------------------------------------------------------
| Non-controlling interests        |        -981 |       -2 065 |       -2 983 |
--------------------------------------------------------------------------------
| Total                            |      -4 440 |       -5 638 |      -22 727 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share (counted from profit attributable to owners of the        |
| parent):                                                                     |
--------------------------------------------------------------------------------
| undiluted (EUR)                  |       -0,01 |        -0,01 |        -0,08 |
--------------------------------------------------------------------------------
| diluted (EUR)                    |       -0,01 |        -0,01 |        -0,08 |
--------------------------------------------------------------------------------

STATEMENT OF COMPREHENSIVE INCOME, EUR THOUSAND                                 

--------------------------------------------------------------------------------
| Other comprehensive income     |       1.1.-  |       1.1.-  |        1.1.-  |
|                                |    31.3.2010 |    31.3.2009 |    31.12.2009 |
--------------------------------------------------------------------------------
| Exchange rate differences on   |        8 468 |          428 |         9 534 |
| translating foreign operations |              |              |               |
--------------------------------------------------------------------------------
| Income tax relating to other   |       -3 548 |         -193 |        -3 518 |
| comprehensive income           |              |              |               |
--------------------------------------------------------------------------------
| Other comprehensive income,    |        4 920 |          234 |         6 016 |
| net of tax                     |              |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total comprehensive income for |          480 |       -5 403 |       -16 711 |
| the year                       |              |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total comprehensive income     |              |              |               |
| attributable to:               |              |              |               |
--------------------------------------------------------------------------------
| Owners of the parent           |          738 |       -3 331 |       -14 038 |
--------------------------------------------------------------------------------
| Non-controlling interests      |         -258 |       -2 072 |        -2 673 |
--------------------------------------------------------------------------------

CONSOLIDATED STATEMENT OF FINANCIAL POSITION, SUMMARY, EUR THOUSAND             

--------------------------------------------------------------------------------
| EUR '000                           |   31.3.2010 |   31.3.2009 |  31.12.2009 |
--------------------------------------------------------------------------------
| ASSETS                             |             |             |             |
--------------------------------------------------------------------------------
| Non-current assets                 |             |             |             |
--------------------------------------------------------------------------------
| Investments and intangible assets  |             |             |             |
--------------------------------------------------------------------------------
| Goodwill                           |     180 736 |      87 551 |     172 850 |
--------------------------------------------------------------------------------
| Investments in associates          |         553 |       1 728 |         507 |
--------------------------------------------------------------------------------
| Other intangible assets            |     102 070 |      68 397 |     103 063 |
--------------------------------------------------------------------------------
| Investments and intangible assets  |     283 359 |     157 676 |     276 421 |
| total                              |             |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Property, plant and equipment      |      83 650 |      70 706 |      80 655 |
--------------------------------------------------------------------------------
| Other non-current assets           |      30 909 |      23 415 |      29 506 |
--------------------------------------------------------------------------------
| Non-current assets total           |     397 918 |     251 797 |     386 583 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets                     |             |             |             |
--------------------------------------------------------------------------------
| Inventories                        |      55 034 |      31 632 |      55 951 |
--------------------------------------------------------------------------------
| Receivables                        |      46 077 |      35 860 |      49 283 |
--------------------------------------------------------------------------------
| Held-to-maturity investments       |           0 |     144 292 |       2 500 |
--------------------------------------------------------------------------------
| Other investments                  |         313 |         245 |         314 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |      58 976 |      64 232 |      55 852 |
--------------------------------------------------------------------------------
| Current assets total               |     160 401 |     276 261 |     163 900 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Assets held for sale               |      12 197 |           0 |      12 714 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total assets                       |     570 516 |     528 058 |     563 198 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES             |             |             |             |
--------------------------------------------------------------------------------
| Equity attributable to owners of   |             |             |             |
| the parent                         |             |             |             |
--------------------------------------------------------------------------------
| Share capital                      |      23 642 |      23 642 |      23 642 |
--------------------------------------------------------------------------------
| Share premium reserve              |      25 740 |      25 740 |      25 740 |
--------------------------------------------------------------------------------
| Revaluation reserve                |       2 193 |       2 193 |       2 193 |
--------------------------------------------------------------------------------
| Paid-up unrestricted equity        |    260 347  |     304 263 |     260 357 |
| reserve                            |             |             |             |
--------------------------------------------------------------------------------
| Translation reserves               |      10 363 |           0 |       6 165 |
--------------------------------------------------------------------------------
| Retained earnings                  |     -53 264 |     -33 629 |     -49 953 |
--------------------------------------------------------------------------------
| Equity attributable to owners of   |     269 021 |     322 210 |     268 144 |
| the parent                         |             |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-controlling interests          |      17 621 |       5 696 |      17 878 |
--------------------------------------------------------------------------------
| Total equity                       |     286 643 |     327 906 |     286 022 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                        |             |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities            |     176 723 |     142 634 |     169 318 |
--------------------------------------------------------------------------------
| Current liabilities                |             |             |             |
--------------------------------------------------------------------------------
| Advances received                  |      14 526 |       6 538 |      13 480 |
--------------------------------------------------------------------------------
| Other current liabilities          |      86 763 |      50 980 |      88 097 |
--------------------------------------------------------------------------------
| Current liabilities total          |     101 289 |      57 519 |     101 577 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities classified as held for |       5 862 |           0 |       6 280 |
| sale                               |             |             |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total liabilities                  |     283 873 |     200 152 |     277 175 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and liabilities       |     570 516 |     528 058 |     563 198 |
--------------------------------------------------------------------------------


SUMMARY OF CASH, INTEREST-BEARING RECEIVABLES AND INTEREST-BEARING LIABILITIES, 
EUR THOUSAND                                                                    

--------------------------------------------------------------------------------
|                                  |   31.3.2010 |   31.3.2009 |    31.12.2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash and cash equivalent         |      58 976 |      64 232 |        55 852 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest-bearing receivables     |             |             |               |
--------------------------------------------------------------------------------
| Current                          |       2 992 |     145 128 |         5 265 |
--------------------------------------------------------------------------------
| Non-current                      |      15 204 |      20 024 |        15 194 |
--------------------------------------------------------------------------------
| Interest-bearing receivables     |      18 196 |     165 152 |        20 459 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest-bearing liabilities     |             |             |               |
--------------------------------------------------------------------------------
| Current                          |      47 856 |      11 477 |        45 288 |
--------------------------------------------------------------------------------
| Non-current                      |      78 142 |      45 828 |        75 506 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities     |     125 999 |      57 305 |       120 793 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET TOTAL                        |     -48 827 |     172 079 |       -44 483 |
--------------------------------------------------------------------------------

SUMMARY OF GROUP'S PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS, EUR     
THOUSAND                                                                        

--------------------------------------------------------------------------------
|                                           |      Property, |      Intangible |
|                                           |      plant and |         assets  |
|                                           |     equipment  |                 |
--------------------------------------------------------------------------------
|  Acquisition cost 1.1.2010                |        127 541 |         337 547 |
--------------------------------------------------------------------------------
|  Additions                                |          2 756 |             499 |
--------------------------------------------------------------------------------
|  Disposals                                |            -72 |             -25 |
--------------------------------------------------------------------------------
|  Acquisition cost 31.3.2010               |        130 224 |         338 021 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|  Acquisition cost 1.1.2009                |        118 012 |         185 429 |
--------------------------------------------------------------------------------
|  Additions                                |         35 814 |         162 181 |
--------------------------------------------------------------------------------
|  Disposals*                               |        -27 727 |         -23 792 |
--------------------------------------------------------------------------------
|  Effect of movements in exchange rates    |          1 442 |          13 729 |
--------------------------------------------------------------------------------
|  Acquisition cost 31.12.2009              |        127 541 |         337 547 |
--------------------------------------------------------------------------------

*Disposals include assets that have been classified as held-for-sale            

CONSOLIDATED CASH FLOW STATEMENT SUMMARY, EUR THOUSAND                          

--------------------------------------------------------------------------------
| EUR '000                          | 1.1.-31.3.2 | 1.1.-31.3.2 | 1.1.-31.12.2 |
|                                   |         010 |         009 |          009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net profit                        |      -4 440 |      -5 638 |      -22 727 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Adjustments to net profit         |       1 849 |       9 293 |       39 630 |
--------------------------------------------------------------------------------
| Payment to trust fund to provide  |           0 |           0 |       -6 479 |
| for future remuneration in        |             |             |              |
| relation to acquisition           |             |             |              |
--------------------------------------------------------------------------------
| Changes in working capital        |       7 077 |         164 |      -10 239 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash from operating           |       4 486 |       3 819 |          185 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition of subsidiaries and   |        -319 |          -1 |     -102 514 |
| associates                        |             |             |              |
--------------------------------------------------------------------------------
| Payment of earn-out liabilities   |           0 |           0 |         -438 |
| and exercises of call options     |             |             |              |
| related to acquisitions           |             |             |              |
--------------------------------------------------------------------------------
| Disposal of subsidiaries and      |           0 |        -393 |        6 321 |
| associates                        |             |             |              |
--------------------------------------------------------------------------------
| Capital expenditures and other    |      -2 735 |      -4 731 |      -10 811 |
| investing activities              |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash used in investing        |      -3 054 |      -5 124 |     -107 443 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition of own shares         |         -10 |     -23 324 |      -57 714 |
--------------------------------------------------------------------------------
| Capital redemption                |           0 |           0 |      -10 055 |
--------------------------------------------------------------------------------
| Dividends paid                    |         -14 |           0 |         -479 |
--------------------------------------------------------------------------------
| Deposits                          |       2 500 |      42 109 |      184 230 |
--------------------------------------------------------------------------------
| Interest received, other than     |          33 |         820 |        1 233 |
| operations related                |             |             |              |
--------------------------------------------------------------------------------
| Proceeds from borrowings          |         902 |       6 653 |        9 417 |
--------------------------------------------------------------------------------
| Repayment of borrowings, and      |      -1 990 |      -6 105 |       -8 926 |
| other financing activities        |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net cash used in financing        |       1 422 |      20 154 |      117 706 |
| activities                        |             |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net increase in cash and cash     |       2 854 |      18 848 |       10 449 |
| equivalents                       |             |             |              |
--------------------------------------------------------------------------------

SUMMARY OF THE CHANGES IN SHAREHOLDERS' EQUITY OF THE GROUP, EUR THOUSAND       

--------------------------------------------------------------------------------
| A = Share capital                                                            |
--------------------------------------------------------------------------------
| B = Share premium reserve                                                    |
--------------------------------------------------------------------------------
| C = Fair value and revaluation reserves                                      |
--------------------------------------------------------------------------------
| D = Paid-up unrestricted equity reserve                                      |
--------------------------------------------------------------------------------
| E = Translation reserve                                                      |
--------------------------------------------------------------------------------
| F = Retained earnings                                                        |
--------------------------------------------------------------------------------
| G = Equity attributable to shareholders, total                               |
--------------------------------------------------------------------------------
| H = Minority interest                                                        |
--------------------------------------------------------------------------------
| I = Total equity                                                             |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| EUR '000  |  A   |  B   |  C   |   D   |  E   |   F   |   G   |  H   |   I   |
--------------------------------------------------------------------------------
| Equity at |   23 |   25 |    2 |   328 | -434 |   -30 |   348 |    7 |   356 |
| 31.12.200 |  642 |  740 |  193 |   025 |      |   224 |   943 |  768 |   710 |
| 8         |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Total     |      |      |      |       |  434 |    -3 |    -3 |   -2 |    -5 |
| comprehen |      |      |      |       |      |   765 |   331 |  072 |   403 |
| sive      |      |      |      |       |      |       |       |      |       |
| income    |      |      |      |       |      |       |       |      |       |
| 1-3/2009  |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Share-bas |      |      |      |       |      |   361 |   361 |      |   361 |
| ed        |      |      |      |       |      |       |       |      |       |
| payments  |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Acquisiti |      |      |      |   -23 |      |       |   -23 |      |   -23 |
| on of own |      |      |      |   762 |      |       |   762 |      |   762 |
| shares    |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Equity at |   23 |   25 |    2 |   304 |    0 |   -33 |   322 |    5 |   327 |
| 31.3.2009 |  642 |  740 |  193 |   263 |      |   629 |   210 |  696 |   906 |
--------------------------------------------------------------------------------
| Dividend  |      |      |      |       |      |       |       | -479 |  -479 |
| distribut |      |      |      |       |      |       |       |      |       |
| ion       |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Total     |      |      |      |       |    6 |   -16 |   -10 | -602 |   -11 |
| comprehen |      |      |      |       |  165 |   871 |   707 |      |   308 |
| sive      |      |      |      |       |      |       |       |      |       |
| income    |      |      |      |       |      |       |       |      |       |
| 4-12/2009 |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Share-bas |      |      |      |       |      |   547 |   547 |      |   547 |
| ed        |      |      |      |       |      |       |       |      |       |
| payments  |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Acquisiti |      |      |      |   -33 |      |       |   -33 |      |   -33 |
| on of own |      |      |      |   852 |      |       |   852 |      |   852 |
| shares    |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Capital   |      |      |      |   -10 |      |       |   -10 |      |   -10 |
| redemptio |      |      |      |   055 |      |       |   055 |      |   055 |
| n         |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Acquisiti |      |      |      |       |      |       |       |   13 |    13 |
| ons and   |      |      |      |       |      |       |       |  263 |   263 |
| disposals |      |      |      |       |      |       |       |      |       |
| of        |      |      |      |       |      |       |       |      |       |
| subsidiar |      |      |      |       |      |       |       |      |       |
| ies       |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Equity at |   23 |   25 |    2 |   260 |    6 |   -49 |   268 |   17 |   286 |
| 31.12.200 |  642 |  740 |  193 |   357 |  165 |   953 |   144 |  878 |   022 |
| 9         |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Total     |      |      |      |       |    4 |    -3 |   738 | -258 |   480 |
| comprehen |      |      |      |       |  197 |   459 |       |      |       |
| sive      |      |      |      |       |      |       |       |      |       |
| income    |      |      |      |       |      |       |       |      |       |
| 1-3/2010  |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Share-bas |      |      |      |       |      |   113 |   113 |      |   113 |
| ed        |      |      |      |       |      |       |       |      |       |
| payments  |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Acquisiti |      |      |      |   -10 |      |       |   -10 |      |   -10 |
| on of own |      |      |      |       |      |       |       |      |       |
| shares    |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Acquisiti |      |      |      |       |      |    17 |    17 |    1 |    17 |
| ons and   |      |      |      |       |      |       |       |      |       |
| disposals |      |      |      |       |      |       |       |      |       |
| of        |      |      |      |       |      |       |       |      |       |
| subsidiar |      |      |      |       |      |       |       |      |       |
| ies       |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Other     |      |      |      |       |      |    20 |    20 |      |    20 |
| changes   |      |      |      |       |      |       |       |      |       |
--------------------------------------------------------------------------------
| Equity at |   23 |   25 |    2 |   260 |   10 |   -53 |   269 |   17 |   286 |
| 31.3.2010 |  642 |  740 |  193 |   347 |  362 |   263 |   022 |  621 |   643 |
--------------------------------------------------------------------------------

OTHER KEY INDICATORS, EUR MILLION                                               

--------------------------------------------------------------------------------
|                               |      Q1/2010 |       Q1/2009 |          2009 |
--------------------------------------------------------------------------------
|                               |    3 months  |     3 months  |     12 months |
|                               |    31.3.2010 |     31.3.2009 |    31.12.2009 |
--------------------------------------------------------------------------------
| Gross capital expenditure     |          3.3 |           6.3 |         215.7 |
--------------------------------------------------------------------------------
| % of revenue                  |         6.0% |         14.2% |        111.6% |
--------------------------------------------------------------------------------
| Personnel, average            |          896 |           708 |           824 |
--------------------------------------------------------------------------------
| Personnel, at the end of the  |          898 |           678 |           893 |
| period                        |              |               |               |
--------------------------------------------------------------------------------
| Lowest share price, EUR       |         1.90 |          1.04 |          1.04 |
--------------------------------------------------------------------------------
| Highest share price, EUR      |         2.30 |          1.70 |          2.68 |
--------------------------------------------------------------------------------
| Average trade-weighted share  |         2.05 |          1.41 |          1.67 |
| price, EUR                    |              |               |               |
--------------------------------------------------------------------------------
| Market capitalisation         |        500.9 |         417.7 |         558.6 |
--------------------------------------------------------------------------------
| Share turnover                |          4.3 |         174.5 |         547.0 |
--------------------------------------------------------------------------------
| Share turnover, %             |         0.8% |         47.3% |        125.7% |
--------------------------------------------------------------------------------

FORMULAS FOR FINANCIAL INDICATORS                                               

Financial ratios and indicators have been calculated with the same principles as
applied in the 2009 financial statements. These principles are presented below. 

Return on equity, % = Net profit / Total equity (average for the period) * 100  

Return on capital employed, % = Profit before taxes + financing expenses /      
(balance sheet total - non-interest bearing liabilities) average * 100          

Equity ratio, % = Total equity / balance sheet - prepayments received * 100     

Earnings per share, undiluted, EUR = Profit attributable to owners of the parent
company / Average number of shares during the period                            

Earnings per share, diluted, EUR = Profit attributable to owners of the parent  
company / Average number of shares during the period, diluted                   

Equity per share, EUR = Equity attributable to owners of the parent company /   
Average number of shares during the period                                      

Average trade-weighted share price = Total value of shares traded in euro /     
Number of shares traded during the period                                       

Market capitalisation, EUR million = Number of shares * Share price at the end  
of the period                                                                   

Operating profit (EBIT) = Operating profit is the net of revenue plus other     
operating income, plus gain/loss on finished goods inventory change, minus      
employee benefits expense, minus depreciation, amortisation and impairment and  
minus other operating expense. Foreign exchange gains or losses are included in 
operating profit when generated from ordinary activities. Exchange gains or     
losses related to financing activities are recognised as financial income or    
expense.                                                                        

Earnings before interest, taxes, depreciation and amortisation (EBITDA) = EBIT +
Depreciations + Amortisations + Impairment losses                               

Gross capital expenditure = Gross capital expenditure consists of the additions 
in the acquisition cost of non-current tangible and intangible assets as well as
additions in non-current assets resulting from acquisitions.                    

ACQUISITIONS AND DIVESTMENTS                                                    

Lappipaneli, disposal of assets                                                 

Lappipaneli concluded in April the transfer of its fixed assets to Pölkky Oy,   
Pölkky Metsä Kmo Oy and Kitkawood Oy. Inventories were sold already in October  
2009. The consideration was partly paid during the fourth quarter of 2009 and   
the rest during second quarter of 2010.                                         

Intermetal acquisition                                                          

A 99% stake in Intermetal, a Turkish company, was acquired in the beginning of  
February 2010. Intermetal has chrome ore mining licences in Turkey and has      
exploration projects ongoing and has also sold extracted chrome ore to          
international customers, with 2009 revenue being about EUR 1.8 million.         

Preliminary purchase price allocation of the Intermetal acquisition was         
published in 2009 financial statements review, based on December 2009 balance   
sheet of the target. It was further revised in first quarter of 2010, based on  
January 2010 balance sheet and applying different exchange rate, without any    
material changes. The following assets and liabilities were recognised in       
Q1/2010 relating to the acquisition.                                            

A revised preliminary purchase price allocation of the acquisition:             

--------------------------------------------------------------------------------
| EUR ‘000                           |     Fair value of |       Book value of |
|                                    |   acquired assets |       assets before |
|                                    |                   |         acquisition |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Intangible assets                  |               202 |                 202 |
--------------------------------------------------------------------------------
| Property, plant and equipment      |                   |                     |
--------------------------------------------------------------------------------
|    Machinery and equipment         |               119 |                 119 |
--------------------------------------------------------------------------------
|    Ore reserves                    |                86 |                   0 |
--------------------------------------------------------------------------------
|    Other tangible assets           |                 1 |                   1 |
--------------------------------------------------------------------------------
| Current assets                     |                   |                     |
--------------------------------------------------------------------------------
|  Inventories                       |                 0 |                   0 |
--------------------------------------------------------------------------------
|  Trade and other receivables       |                87 |                  87 |
--------------------------------------------------------------------------------
| Cash and cash equivalents          |                18 |                  18 |
--------------------------------------------------------------------------------
| Total assets                       |               514 |                 428 |
--------------------------------------------------------------------------------
| Deferred tax liability             |                17 |                   0 |
--------------------------------------------------------------------------------
| Provisions                         |                 6 |                   6 |
--------------------------------------------------------------------------------
| Current interest-bearing debt      |                22 |                  22 |
--------------------------------------------------------------------------------
| Trade and other payables           |               128 |                 128 |
--------------------------------------------------------------------------------
| Total liabilities                  |               173 |                 155 |
--------------------------------------------------------------------------------
| Net assets                         |               341 |                 272 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Acquisition cost                   |               338 |                     |
--------------------------------------------------------------------------------
| Ruukki's share of net assets (99%) |               338 |                     |
--------------------------------------------------------------------------------
| Goodwill                           |                 0 |                     |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow effect:                  |                   |                     |
--------------------------------------------------------------------------------
| Consideration paid in cash         |               338 |                     |
--------------------------------------------------------------------------------
| Acquired cash and cash equivalents |               -18 |                     |
--------------------------------------------------------------------------------
| Cash flow effect                   |               320 |                     |
--------------------------------------------------------------------------------

ACCOUNTING POLICIES                                                             

This Interim Report is prepared in accordance with the IAS 34 standard. Ruukki  
Group Plc applies the same accounting and IFRS principles as in the 2009        
financial statements. Starting from 1 January 2009, the Group has had two       
reporting segments: Wood Processing business and Minerals business.             

The preparation of the Interim Report in accordance with IFRS requires          
management to make estimates and assumptions that affect the valuation of the   
reported assets and liabilities and other information, such as contingent       
liabilities and the recognition of income and expenses in the income statement. 
Although the estimates are based on the management's best knowledge of current  
events and actions, actual results may differ from the estimates.               

The treasury shares acquired are presented as deduction in the Group's paid-up  
unrestricted equity reserve.                                                    

The figures in the tables have been rounded off to one decimal point, which must
be considered when calculating totals. Average exchange rates for the period    
have been used for income statement conversions, and period-end exchange rates  
for balance sheet.                                                              

Other changes                                                                   

The Group decided in conjunction with 2009 financial statements to change the   
way it presents share of associated profits, sales gains and losses related to  
associates, and impairment on associates' shares and receivables, to the extent 
they relate to associated companies owned by the Group parent company and not   
belonging to business segments. Hence, from 2009 onwards these items are        
presented in finance items below EBIT, when previously they have been presented 
above EBIT in various lines. The comparatives have been changed accordingly as  
well. The rationale behind the change in the way of presenting these items is   
that these associated companies are not material and that they are classified as
non-core assets.                                                                

From 31 December 2009, with retroactive implementation, the Group has presented 
realised and unrealised gains and losses in relation to emission rights in other
operating income and expenses above EBIT, whereas earlier those items have been 
included in finance income and finance expense.                                 

Ruukki acquired in October 2008 the Southern European minerals business,        
consisting of RCS, TMS and EWW. The business is based on EWW's niche smelter    
operations, having only one substitute in the market. EWW's products are tailor 
made sophisticated products integrated to RCS's customers' own products,        
manufactured only for customer orders. Ruukki Group initially identified        
customer relationships and technology as separate assets, but has subsequently  
reconsidered that these two components are embedded and non separable. Therefore
it will from Q1/2010 onwards combine these assets and rename them as "customer  
relationships and technology", recognising the value of the long-term customer  
relationship and deeply integrated products of a niche manufacturer. In interim 
reporting, both assets have been presented as other intangible assets. The      
change in the asset description does not change the interim reporting form from 
prior reporting.                                                                

Acquisition-related liabilities, both conditional and unconditional items, have 
from 31 December 2009 been retroactively presented in interest-bearing          
liabilities to the extent those liabilities are to be settled with cash         
regardless whether the payments are fixed in nominal terms or whether there are 
interest determined in the transaction documentation. The earn-out liabilities  
where the payment is in the form of the Company's shares, no reclassification   
has been carried out, and hence those items are shown in the non-interest       
bearing liabilities category.                                                   

The Interim Report data are unaudited.                                          

In Espoo, 28 May 2010                                                           

RUUKKI GROUP PLC                                                                

BOARD OF DIRECTORS                                                              

OTHER NOTES TO INTERIM REPORT                                                   

SHAREHOLDERS                                                                    

On 25 May 2010, the Company had a total of 3,950 shareholders, of which 9 were  
nominee-registered. The registered number of shares was 247,982,000 on 25 May   
2010.                                                                           

Largest shareholders, 25 May 2010:                                              

--------------------------------------------------------------------------------
|      | Shareholder                               |        Shares |         % |
--------------------------------------------------------------------------------
|    1 | Kermas Limited                            |    70 766 500 |      28.5 |
--------------------------------------------------------------------------------
|    2 | Atkey Limited                             |    50 281 401 |      20.3 |
--------------------------------------------------------------------------------
|    3 | Hanwa Company Limited                     |    30 000 000 |      12.1 |
--------------------------------------------------------------------------------
|    4 | Nordea Bank Finland Plc                   |    22 777 163 |       9.2 |
|      | nominee-registered                        |               |           |
--------------------------------------------------------------------------------
|    5 | Evli Bank Plc nominee-registered          |    21 048 328 |       8.5 |
--------------------------------------------------------------------------------
|    6 | Hino Resources Co. Ltd                    |    11 261 191 |       4.5 |
--------------------------------------------------------------------------------
|    7 | Ruukki Group Plc                          |     8 740 895 |       3.5 |
--------------------------------------------------------------------------------
|    8 | Kankaala Markku                           |     8 447 285 |       3.4 |
--------------------------------------------------------------------------------
|    9 | Skandinaviska Enskilda Banken             |     6 016 688 |       2.4 |
|      | nominee-registered                        |               |           |
--------------------------------------------------------------------------------
|   10 | Hukkanen Esa                              |     4 910 100 |       2.0 |
--------------------------------------------------------------------------------
|      | Total                                     |   234 249 551 |      94.5 |
--------------------------------------------------------------------------------
|      | Other Shareholders                        |    13 732 449 |       5.5 |
--------------------------------------------------------------------------------
|      | Total shares registered                   |   247 982 000 |     100.0 |
--------------------------------------------------------------------------------

CHANGES IN THE NUMBER OF SHARES AND SHARE CAPITAL DURING OR AFTER THE REVIEW    
PERIOD                                                                          

On 31 December 2009, the registered number of Ruukki Group Plc shares was       
261,034,022. In February 2010 altogether 13,052,022 shares were cancelled, and  
the registered amount of shares changed to 247,982,000. On 28 May 2010 the      
Company had altogether 8,740,895 own shares, which was equivalent to about 3.52%
of all registered shares.                                                       
                                                                                
Based on the resolution by the Annual General Meeting on 21 April 2010, the     
Board has currently been authorised for a buy-back of maximum 10,000,000 own    
shares. This authorisation is valid until 21 October 2011.                      

There have been no changes as to the potential dilution from option rights as   
compared to the information presented in the Group's 2009 Annual Report.        

SHARE-BASED COMPENSATION                                                        

The Group has directed a free issue of shares to the members of the Board of    
Directors as approved by the Annual General Meeting in 2010. The maximum amount 
of shares to be given within the scheme is initially 800,000 shares and         
additionally a maximum of 600,000 shares, if the members of the Board of        
Directors continue in their duty after the second and third ordinary general    
meeting following the approval of the initial issue. According to the decision  
by Annual General Meeting 2010 the Group will use treasury shares to settle the 
transactions.                                                                   

The compensation plan is settled in shares and is accordingly recognised as     
equity-settled in the Group's IFRS financial statements. The fair value of the  
granted shares is determined based on the market price of Ruukki Group share at 
the grant date. The total fair value is therefore the amount of granted shares  
multiplied with the share market price at grant date. The cost is recognised as 
expense in personnel costs over the vesting periods and credited to equity      
(retained earnings).                                                            

The grant date for both the initial and the additional shares has been          
determined to be the date of the Annual General Meeting 2010, being 21 April    
2010. The initial amount of shares (maximum of 800,000 shares) will have a      
graded three year vesting schedule, 1/3 of the shares will vest annually at each
Annual General Meeting subsequent to AGM 2010. The additional shares (maximum of
600,000 shares) will vest immediately, if the Directors continue in their duty  
after the second and third ordinary general meeting following the approval of   
the initial issue (being the AGM 2010). The shares are subject to a three year  
lock-up period. Based on historical information the company has estimated that  
20% of the total maximum amount of shares granted will be forfeited during the  
vesting period. This estimate is revised until the final outcome is known.      
Finally the cumulative cost of the scheme will equal the amount of vested shares
multiplied with the grant date fair value of the share.                         

GENERAL MEETINGS                                                                

Ruukki Group Plc's Annual General Meeting was held in Espoo on Wednesday 21     
April 2010. The Board of Directors' as well as shareholders' proposals for the  
Annual General Meeting have been published in entirety by a stock exchange      
release on 31 March 2010, and in addition the amendment to shareholders'        
proposal on the election of the members of the Board of Directors was published 
by a stock exchange release on 9 April 2010.                                    

The Annual General Meeting adopted the financial statements and the consolidated
financial statements for the financial year 1 January 2009 - 31 December 2009.  
Deviating from the previously given information the financial statements were   
dated on 31 March 2010. The Annual General Meeting resolved, in accordance with 
the Board of Directors' proposal, not to pay dividend from the financial period 
that ended on 31 December 2009. The Annual General Meeting discharged the Board 
of Directors and the Chief Executive Officer from liability for the financial   
year 2009.                                                                      

The Annual General Meeting resolved that the Chairman of the Board shall be paid
EUR 7,500 per month, the new Board members EUR 6,500 per month and the          
continuing Board members EUR 5,000 per month. In addition, those members of the 
Board that are members of the Audit Committee shall be paid for their work at   
the Audit Committee as follows: the chairman of the Audit Committee EUR 1,000   
per Audit Committee's meeting and the other members EUR 500 per Audit           
Committee's meeting. For any other committees, the chairman shall be paid EUR   
600 per committee meeting and the other members shall be paid EUR 300 per       
committee meeting. The Annual General Meeting resolved that the Company will pay
the fee to the auditor against an invoice. The Annual General Meeting resolved  
that the Board of Directors shall be composed of seven members. Markku Kankaala,
Jelena Manojlovic and Terence McConnachie were re-elected to the Board of       
Directors and Philip Baum, Paul Everard, Chris Pointon and Barry Rourke were    
elected as new members to the Board of Directors. The new Board of Directors    
convened after the Annual General Meeting and re-elected Jelena Manojlovic as   
the Chairman of the Board of Directors. Authorized Public Accountant Firm Ernst 
& Young Oy was re-elected as the auditor of the Company. Ernst & Young Oy has   
put forward APA Tomi Englund as principal auditor.                              

The Annual General Meeting resolved, in accordance with the proposal of the     
Board of Directors, to amend the provision concerning the notice period of the  
Annual General Meeting (Article 8). The Annual General Meeting resolved, in     
accordance with the proposal of the Board of Directors, that the Company shall  
make a capital repayment from the paid-up un-restricted equity reserve to the   
shareholders in such a way that assets shall be distributed EUR 0.04 per share. 
The Annual General Meeting resolved, in accordance with the proposal of the     
Board of Directors, to issue a maximum of 800,000 shares from the Company's     
treasury shares, by a directed free issue to the members of the Board of        
Directors. The shares will be issued free of charge and derogating from the     
pre-emptive subscription right of the shareholders for an especially weighty    
financial reason, as the shares will form an essential part of the remuneration 
package for the work at the Board of Directors. The Annual General Meeting      
authorised the Board of Directors to decide upon share issue and upon issuing of
stock options and other special rights that entitle to shares. By virtue of the 
authorisation shares could be emitted in one or more tranches in total a maximum
of 100,000,000 new shares or shares owned by the Company. The Board of Directors
would by virtue of the authorisation be entitled to decide on the share issues  
and on the issuing of stock options and other special rights that entitle to    
shares. The Annual General Meeting authorised the Board of Directors to decide  
on the acquiring of Company's own shares. By virtue of the authorisation        
concerning the acquiring of own shares, a maximum of 10,000,000 own shares can  
be acquired with the funds from the Company's unrestricted shareholders' equity.

COMPANY'S SHARE                                                                 

Ruukki Group Plc's shares (RUG1V) are listed on NASDAQ OMX Helsinki in which the
shares of the Company are traded in the mid cap segment, in the industrials     
sector.                                                                         

During the first quarter, the price of Ruukki Group's share varied between EUR  
1.90 (1-3/2009: 1.04) and EUR 2.30 (1.70). A total of 2,088,521 (123,368,810)   
Ruukki Group shares were traded in the review period, representing 0.8% (47.3%) 
of all shares registered at the end of the review period. The closing price of  
the Company's share on 31 March was EUR 2.02 (1.60). The market capitalisation  
of the Group's entire capital stock 247,982,000 (261,034,022) shares at the     
closing price on 31 March was EUR 500.9 million (417.7).                        

FLAGGING NOTIFICATIONS DURING OR AFTER THE REVIEW PERIOD                        

Ruukki Group Plc has received the following flagging notifications during or    
after the review period 1 January - 31 March 2010. The notifications can be     
found in full on the company website at                                         
http://www.ruukkigroup.fi/In_English/News/Flaggings.iw3.                        

- 19 January 2010: Ruukki Group Plc => treasury shares held by the Company below
5%                                                                              

- 20 January 2010: Atkey Limited => based on Ruukki Group's announcement of the 
Board's decision to cancel altogether 13,052,022 treasury shares held by        
Ruukki Group Plc Atkey Limited's ownership will exceed 20% of the registered    
share capital and voting rights of Ruukki Group Plc after the cancellation has  
been registered at the Trade Register