RUUKKI GROUP ENTERS INTO NEW STANDBY LOAN FACIL...

RUUKKI GROUP ENTERS INTO NEW STANDBY LOAN FACILITY AGREEMENT WITH KERMAS

10:00 London, 12:00 Helsinki, 20 December 2011 - Ruukki Group Plc, Stock Exchange Release

RUUKKI GROUP ENTERS INTO NEW STANDBY LOAN FACILITY AGREEMENT WITH KERMAS

Ruukki Group Plc ("Ruukki" or the "Company") (LSE: RKKI, OMX: RUG1V) wishes to announce it has entered into a new US$55 million standby loan facility agreement with Kermas Ltd ("Kermas"), which replaces the current facility for the same amount that is restricted to working capital purposes only and expires on 31 December 2011.

The new standby facility is less restrictive and will provide Ruukki with additional financing options, over and above its current cash reserves, as it pursues its growth strategy to increase its ore resources and expand production.

Due to its 29% shareholding, Kermas is a Related Party (as defined by the Listing Rules) of the Company.  In accordance with the Listing Rules, the facility has been entered into on normal commercial terms on an unsecured basis and therefore no prior shareholder approval is required.

This loan facility is available until 31 December 2014 and the loan term will be from the first draw-down until 31 December 2015.

RUUKKI GROUP PLC
Thomas Hoyer
CEO

For additional information, please contact:

Ruukki Group Plc
Thomas Hoyer, CEO, +358 (0)10 440 7000, thomas.hoyer@ruukkigroup.com
Markus Kivimäki, General Manager, Corporate Affairs and Company Secretary, +358 (0)50 3495 687, markus.kivimaki@ruukkigroup.com

Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk

RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com

Ruukki Group is a chrome mining and minerals producer focused on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com




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Source: Ruukki Group via Thomson Reuters ONE

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