SSAB has announced that it extends the offer period of the share exchange offer for all issued and outstanding shares of Rautaruukki to end on June 27, 2014 at 4:00 p.m. (Finnish time)

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| Source: Rautaruukki
This stock exchange release may not be published or distributed, in whole or in
part, directly or indirectly, in the United States, Australia, Canada, Hong
Kong, Japan, New Zealand, South Africa or any other country where such
publication or distribution would violate applicable laws or rules or would
require additional documents to be completed or registered or require any
measure to be undertaken, in addition to the requirements under Finnish and
Swedish law. For further information, please see "Important notice" in this
stock exchange release.

Rautaruukki Corporation Stock exchange release 9 May 2014 9.45am EEST

SSAB has announced that it extends the offer period of the share exchange offer
for all issued and outstanding shares of Rautaruukki to end on June 27, 2014 at
4:00 p.m. (Finnish time)

The offer period for the share exchange offer began on April 14, 2014 at 9:00
a.m. (Finnish time) and was announced to expire on May 12, 2014 at 4:00 p.m.
(Finnish time), unless the offer period is extended. Pursuant to the terms and
conditions of the share exchange offer, SSAB has today decided to extend the
offer period of the share exchange offer to end on June 27, 2014 at 4:00 p.m.
(Finnish time), unless the offer period is extended further or the extended
offer period discontinued.

In accordance with the terms and conditions of the share exchange offer, SSAB
may extend the offer period at any time. As a result of the timetable for filing
an application for regulatory competition approval in the European Union, which
is currently expected to take place during the second half of May 2014, SSAB has
today decided to extend the offer period of the share exchange offer to end on
June 27, 2014 at 4:00 p.m. (Finnish time), unless the offer period is extended
further or any extended offer period discontinued.

SSAB may, according to the terms and conditions of the share exchange offer,
discontinue any extended offer period. SSAB will announce its decision on the
discontinuation of any extended offer period as soon as possible after such
decision has been taken and, in any case, no less than one (1) week prior to the
expiration of the discontinued extended offer period. If SSAB discontinues an
extended offer period, the offer period will expire at an earlier time on a date
announced by SSAB.

SSAB will announce any possible further extension of the already extended offer
period or an extension of a discontinued extended offer period on the first (1)
Finnish banking day following the expiration of an already extended offer period
or a discontinued extended offer period, at the latest.

For further information, please contact:
Olli Huuskonen, SVP, General Counsel, tel. +358 20 592 9300

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with
energy-efficient steel solutions for better living, working and moving. We have
around 8,600 employees and an extensive distribution and dealer network across
some 30 countries including the Nordic countries, Russia and elsewhere in Europe
and the emerging markets, such as India, China and South America. Net sales in
2013 totalled €2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki
(Rautaruukki Oyj: RTRKS). www.ruukki.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com

Important notice

This release may not be released or otherwise distributed, in whole or in part,
in or into the United States of America, Australia, Canada, Hong Kong, Japan,
New Zealand, South Africa or any other jurisdiction where prohibited by
applicable laws or rules. This release is not a share exchange offer document or
a prospectus and as such does not constitute an offer or invitation to make a
sales offer. Investors shall accept the share exchange offer for the shares only
on the basis of the information provided in the Share Exchange Offer Document.
Offers will not be made directly or indirectly in any jurisdiction where either
an offer or participation therein is prohibited by applicable law or where any
exchange offer document or registration or other requirements would apply in
addition to those undertaken in Finland and Sweden.

The Share Exchange Offer Document as well as related acceptance forms will not
and may not be distributed, forwarded or transmitted into, in or from any
jurisdiction where prohibited by applicable law. In particular, the share
exchange offer is not being made, directly or indirectly, in or into, Australia,
Canada, Hong Kong, Japan, New Zealand, South Africa or, subject to certain
exceptions, the United States of America. The share exchange offer cannot be
accepted from within Australia, Canada, Hong Kong, Japan, New Zealand, South
Africa or, subject to certain exceptions, the United States of America.

The SSAB shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or under any of the
relevant securities laws of any state or other jurisdiction of the United States
of America. The SSAB shares may not be offered or sold in the United States,
except pursuant to an exemption from the Securities Act or in a transaction not
subject to the registration requirements of the Securities Act.

It should be noted that certain statements herein which are not historical
facts, and statements preceded by "expects" or similar expressions, may be
forward-looking statements. These statements are based on current decisions and
plans and currently known factors. They involve risks and uncertainties which
may cause the actual results to materially differ from the results currently
expected.


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