SSAB AB (PUBL) has obtained ownership of all the shares in Rautaruukki Corporation and the shares will be delisted

The arbitral tribunal appointed by the Redemption Board of the Finland Chamber
of Commerce has today confirmed in an interim award that SSAB AB’s (publ)
(“SSAB”) redemption right in accordance with the Finnish Companies Act over the
minority shares in Rautaruukki Corporation (“Rautaruukki “) is clear, and that
SSAB is entitled to obtain ownership of Rautaruukki’s minority shares by posting
a security approved by the arbitral tribunal for the payment of the redemption
price and the interest accruing thereon.
SSAB has today posted a security approved by the arbitral tribunal and thus
obtained ownership of all the shares in Rautaruukki in accordance with Chapter
18, Section 6 of the Finnish Companies Act. After the security has been posted,
the minority shareholders of Rautaruukki are entitled to receive the redemption
price and the interest payable thereon. The final arbitral award, which will set
out the redemption price, will be issued by the arbitral tribunal at a later
stage.

Upon application by Rautaruukki, NASDAQ OMX Helsinki Ltd (the “Helsinki Stock
Exchange”) has decided to delist the Rautaruukki shares from the Official List
of the Helsinki Stock Exchange when the ownership of all shares in Rautaruukki
has been transferred to SSAB. Trading in Rautaruukki’s shares and Rautaruukki’s
listing on the Helsinki Stock Exchange will thus cease on or about 20 November
2014 in accordance with a separate release to be published by the Helsinki Stock
Exchange.

SSAB’s class A and class B shares are listed on Nasdaq Stockholm and, on a
secondary listing basis, on the Helsinki Stock Exchange.
For further information, please contact:

Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com, 46 8 45 45 729
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.