SSAB has announced that it extends further the offer period of the share exchange offer to Rautaruukki's shareholders to end on July 22, 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This stock exchange release may not be published or distributed, in whole or in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 24 June 2014 9.15am EEST

SSAB has announced that it extends further the offer period of the share
exchange offer to Rautaruukki's shareholders to end on July 22, 2014 at 4:00
p.m. (Finnish time)

The offer period for the share exchange offer to Rautaruukki's shareholders
began on April 14, 2014 at 9:00 a.m. (Finnish time) and was initially announced
to expire on May 12, 2014 at 4:00 p.m. (Finnish time). On May 9, 2014, SSAB
announced that it will extend the offer period to end on June 27, 2014. Pursuant
to the terms and conditions of the share exchange offer, SSAB has today decided
to extend further the offer period of the share exchange offer to end on July
22, 2014 at 4:00 p.m. (Finnish time), unless the offer period is extended
further or the extended offer period discontinued.

The  required regulatory  competition review  by the  European Commission of the
proposed  combination of  the SSAB  and Rautaruukki  is currently ongoing.  As a
result  of the  expected timing  of the  receipt of  an approval by the European
Commission,  SSAB has today  decided to extend  further the offer  period of the
share  exchange offer  to end  on July  22, 2014 at 4:00 p.m. (Finnish time). In
accordance  with the terms and conditions of  the share exchange offer, SSAB may
extend the offer period at any time.

SSAB  may,  according  to  terms  and  conditions  of  the share exchange offer,
discontinue any extended offer period. SSAB will announce its potential decision
on  any discontinuation of the  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  extended  offer period being discontinued. If SSAB
discontinues  the  extended  offer  period,  the  offer period will expire at an
earlier time to be announced by SSAB.

SSAB  will announce any further extension of  the offer period, whether the same
has been discontinued or not, on the first (1) Finnish banking day following the
expiration of the 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
and  prospectus in respect of the share  exchange offer. 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  and  prospectus  in  respect of the share
exchange  offer 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 of
America,  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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