Change in number of shares and votes in SSAB

SSAB AB (publ) (“SSAB”) has, in accordance with information previously
announced, conducted a new issue of shares as consideration in the share
exchange offer to the shareholders of Rautaruukki Corporation. The issue of
shares has resulted in changes in the number of shares and votes in SSAB as
follows:

Prior to the issuance of new shares, there were in total 323,934,775 shares in
SSAB, of which 240,765,832 shares of series A and 83,168,943 shares of series B,
corresponding to 249,082,726.3 votes in total.
The number of shares has through the issuance of new shares increased by
225,310,735, of which 63,417,438 shares of series A and 161,893,297 shares of
series B. The number of votes increased by 79,606,767.7.As of July 31, 2014,
there are in total 549,245,510 shares in SSAB, of which 304,183,270 shares of
series A and 245,062,240 shares of series B, corresponding to 328,689,494 votes
in total.

For more information, please contact:

Andreas Koch, Head of Investor Relations, +46 8-454 5725, Andreas.koch@ssab.com

The information contained in this press release is such that SSAB is required to
disclose pursuant to the Swedish Financial Instruments Trading Act. The
information was submitted for publication on 31 July 2014 at 08.00 CET.

SSAB is a Nordic and US-based steel company. SSAB offers value added products
and services developed in close cooperation with its customers to create a
stronger, lighter and more sustainable world. SSAB has employees in over 50
countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is
listed on the NASDAQ OMX Nordic Exchange in Stockholm and has a secondary
listing on the NASDAQ OMX in Helsinki. www.ssab.com.