The arbitral tribunal has confirmed the redemption price of the shares in Rautaruukki Oyj

SSAB AB (publ) (“SSAB”) obtained ownership to all the shares in Rautaruukki Oyj
(“Rautaruukki”) when it posted the security approved by the arbitral tribunal
for the payment of the redemption price and the interest accruing thereon on
November 20, 2014. The arbitral tribunal appointed by the Redemption Board of
the Finland Chamber of Commerce has today in its arbitral award confirmed that
the redemption price of the shares in Rautaruukki is EUR: 11.24 per share, which
corresponds to the redemption price offered by SSAB.
The total number of Rautaruukki’s shares to be redeemed is 5,475,157 shares,
that is, approximately 4 percent of all the shares in Rautaruukki. SSAB will pay
the redemption price and the interest accrued thereon to the former minority
shareholders of Rautaruukki, who are parties to the redemption process, within
one month after the arbitral award has become legally binding, which is
estimated to take place in the second half of February 2015 or in the first half
of March 2015. The arbitral award becomes legally binding after 60 days of its
registration with the Finnish Trade Register, assuming that no appeal is filed
against it. Any appeal would be shareholder-specific and would not impact the
time when the arbitral award becomes legally binding in respect of the non
-appealing shareholders.

This information is published by SSAB pursuant to the requirements of the
Finnish Securities Market Act and the Swedish Securities Market Act. Submitted
for publication at 10.30am CET, December 22, 2014.
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.