SSAB Announce Expiration of Hart-Scott-Rodino Waiting Period

SSAB Announce Expiration of Hart-Scott-Rodino Waiting Period

June 13, 2007 - SSAB Svenskt Stål AB (SSAB) announced today the expiration of
the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended, in connection with the proposed plan of arrangement pursuant
to which SSAB would acquire IPSCO for a cash consideration of U.S. $160 per
share. 

The expiration of the Hart-Scott-Rodino waiting period satisfies one of the
conditions to SSAB's acquisition of IPSCO. Consummation of the plan of
arrangement, which is expected to occur in the third quarter of 2007, remains
subject to other customary closing conditions, including approval of the plan of
arrangement by IPSCO's shareholders and obtaining certain regulatory approvals. 

For more information about SSAB, log on to http://www.ssab.com. 
For more information about IPSCO, log on to http://www.ipsco.com


For more information:
Tommy Löfgren
Public Affairs
Phone. +46-70-525 94 14