20/04/2007 12:28:07

Ruukki Group Oyj Minutes of annual general meeting DECISIONS OF RUUKKI GR

Ruukki Group Plc's Annual General Meeting was held in Espoo on Friday 20 April

2007. The Board of Director's proposals for the Annual General Meeting have

been published by a stock exchange release on 30 March 2007.

Decisions of the Annual General Meeting were the following:

The Annual General Meeting approved the financial statements for the financial

year 1 January 2006 - 31 December 2006.

The Annual General Meeting decided to pay out a dividend of EUR 0.03 per share

from company's retained earnings. However the new shares issued in February

2007 in conjunction with the conversions of convertible bond notes are not

entitled to the dividend. Also, the new shares which will be issued through the

free directed issue decided today by the Annual General Meeting are not

entitled to this dividend. The record date for payment is 25 April 2007 and the

dividend will be paid on 3 May 2007.

The Annual General Meeting discharged the Board of Directors and the Managing

Director from liability.

The number of Board members was decided to be eight. The existing members of

the Board were fully re-elected, including the following individuals: Fredrik

Danielsson, Mikko Haapanen, Timo Honkala, Markku Kankaala, Matti Lainema, Kai

Mäkelä, Matti Vikkula and Ahti Vilppula. After the Annual General Meeting the

Board organised itself so that Matti Vikkula continues as the Chairman of the

Board and Kai Mäkelä as the Vice Chairman of the Board.

The Annual General Meeting resolved the compensation of the Board of Directors

as follows: Chairman of the Board EUR 12,000/year, Deputy Chairman EUR

9,000/year, and Member EUR 6,000/year.

The Annual General Meeting re-elected the current Auditors KPMG Ltd and Mr.

Reino Tikkanen, APA.

The Annual General Meeting decided that the Articles of Association of the

Company will be partly amended in accordance with the Board of Directors'

proposition.

The Annual General Meeting decided in accordance with the Board proposition to

carry out directed free share issue totalling 598,285 new shares by deviating

from the shareholders' pre-emptive right of subscription so that new shares are

issued to sellers of Pan-Oston Ltd and Lappipaneli Ltd. This directed share

issue relates to earn-out liabilities based on above mentioned companies'

financial year 2006 performance.

The Annual General Meeting decided to authorise the Board of Directors to

decide on share issue, as well as on granting option rights and other special

rights that entitle to shares. At the maximum 25,000,000 new or existing

shares, equalling approximately 17.9 per cent of the total number of shares,

may be issued by virtue of this authorisation.

It was decided that the terms of the option program I/2005 shall be updated

taking into account the new Companies Act.

The Annual General Meeting decided that the shares in the joint book-entry

account, of whose part a registration of ownership to a book-entry account has

not been demanded even though five years have passed since the registration

date, shall be sold. The balance of the joint book-entry account on 10 April

2007 totals 47,500 shares that correspond to approximately 0.3 per cent of the

total number of shares. The shares in question shall be sold via the stock

exchange in the name of the owners of the shares.

RUUKKI GROUP PLC

BOARD OF DIRECTORS

Ruukki Group is a multi-sector industrial group having mainly majority

ownership interests in various small and medium-sized companies in e.g. house

building, sawmilling business, furniture business and care services. Ruukki

Group's share (RUG1V) is listed on OMX Nordic Exchange's so-called small cap

category.

For further information, please contact:

Antti Kivimaa

Chief Executive Officer

Ruukki Group Plc

Telephone +358 400 501 780

www.ruukkigroup.fi

Del

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