The European Commission has approved the combination of SSAB and Rautaruukki and SSAB proceeds with the completion of the share exchange offer

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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This  stock exchange release may not be published or distributed, in whole or in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 of America, 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 14 July 2014 8.15pm EEST

The European Commission has approved the combination of SSAB and Rautaruukki and
SSAB proceeds with the completion of the share exchange offer

Today, SSAB AB (publ) ("SSAB") has received the required regulatory competition
approval from the European Commission for the combination of SSAB and
Rautaruukki Corporation ("Rautaruukki").

SSAB has received the European Commission's approval for the combination with
Rautaruukki. The approval is conditional on a commitment by SSAB to divest the
following assets within its Nordic Steel Distribution system and Finnish
construction business: one steel service center in Sweden and one in Finland,
Tibnor Oy in Finland (a wholly owned subsidiary of Tibnor AB), the 50 percent
ownership interest in each of Norsk Stål AS (NS) and Norsk Stål Tynnplater AS
(NST), and Plannja Oy in Finland (a wholly owned subsidiary to Plannja AB). SSAB
will immediately start the divestiture process. These divestments will not
affect the previously communicated synergy potential or the industrial logic
behind the combination, since certain concessions were already expected.
Regulatory competition approvals have previously been granted in Russia, Turkey
and Ukraine. No further regulatory competition approvals are necessary for the
completion of the share exchange offer.

SSAB proceeds with the share exchange offer to Rautaruukki's shareholders

The offer period of the share exchange offer in which SSAB offers to acquire all
of the outstanding shares of Rautaruukki not owned by Rautaruukki or its
subsidiaries will expire on July 22, 2014. The transaction is expected to close
shortly thereafter conditional on shareholders with more than 90 percent of the
shares having accepted the share exchange offer.

For further information, please contact:
Sakari Tamminen, President & CEO, tel. +358 20 592 9075
Taina Kyllönen, SVP, Marketing and Communications, tel. +358 20 592 9040
Timo Pirskanen, SVP, Investor relations, tel. +358 20 593 9009

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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