Ruukki Group Plc, Stock Exchange Release, 29 August 2008 at 08:30 a.m.
Ruukki Group's metal industry subsidiary has sold 80.6 % of the share capital of
Selka-line Oy, a company operating in metal contract furniture and furniture
component business, to the company's managing director Ismo Räty. Ruukki Group's
share in the company decreases from 100 % to 19.4 % and Selka-line Oy will be
consolidated into Ruukki Group up until the end of August. The sales price of
the shares is EUR 10 thousand and the estimated loss on disposal about EUR 150
thousand.
The revenue of Selka-line totalled approximately EUR 2.9 million in 2007 and
operating profit was slightly positive. Ruukki Group estimates that transaction
will not have a significant effect on Group's profit and loss statement or
balance sheet. The share transaction relates to the Group's ongoing strategic
repositioning, according to which group's business operations are focused on
various wood processing industry operations, and new opportunities are sought
after for expansion into minerals business, in the first phase to ferro chrome
markets.
RUUKKI GROUP PLC
ALWYN SMIT
CHAIRMAN OF THE BOARD
Ruukki Group Plc's shares are listed on OMX Nordic Exchange Helsinki on which
the shares of the Company are traded in the mid cap segment, in the industrials
sector.
For additional information, please contact:
Antti Kivimaa
Executive Vice President
Ruukki Group Plc
Tel. + 358 400 501 780
www.ruukkigroup.fi
Ismo Räty
Managing Director
Selka-line Oy
Tel. +358 50 307 9562
www.selka.fi
This stock exchange release is based on a translation into English of a document
written in Finnish. In case of any discrepancies, inconsistencies or
inaccuracies, the Finnish version of the release shall prevail.