Ruukki Group Plc Sells Finnish Pallet Business

Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) has signed an agreement to sell the shares of its Finnish pallet business, Oplax Oy, to a group of investors for approximately EUR 9 million. Subject to certain conditions precedent being fulfilled, including acquisition financing being available to the buyer, the transaction is expected to be completed by the end of March 2011.

Oplax Oy produces 1.5 million wooden loading pallets per year. Revenue in 2010 was EUR 11.2 million. The company had 43 employees on 31 December 2

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

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