SSAB has received EC approval to divest two steel service centers and 50% of the shares in NST AS to Tata Steel

SSAB has received approval from the European Commission to sell Naantali steel
service center in Finland, Halmstad steel service center in Sweden and 50% of
the shares in Norsk Stål Tynnplater AS to Tata Steel in Europe. These
transactions are part of the divestment remedies that the European Commission
deemed necessary for the combination of Rautaruukki with SSAB. SSAB has now
received the Commission’s approval regarding the divestments of all those
remedies required for the combination. These transactions are still subject to
the approval of national competition authorities. These transactions have only a
limited impact on SSAB’s financial results.
On July 14, 2014, SSAB received the European Commission’s approval for the
combination with Rautaruukki. The approval was conditional on a commitment by
SSAB to divest the following assets within what was then its Nordic Steel
Distribution system and Finnish construction business: one steel service center
in Sweden (Halmstad) and one in Finland (Naantali), Tibnor Oy in Finland (a
wholly owned subsidiary of Tibnor AB), the 50% ownership interest in each of
Norsk Stål AS and Norsk Stål Tynnplater AS in Norway and Plannja Oy in Finland
(a wholly owned subsidiary of Plannja AB).

As a result of the transaction, Tata Steel’s ownership of NST will increase from
the current 50% to 100%.

There are 70 employees in the Naantali service center, 61 in the Halmstad
service center and 50 in NST. The employees in these units will continue on
unchanged employment terms and conditions.

Ongoing remedy divestments will not affect the previously communicated synergy
potential or the industrial logic behind the combination of SSAB and
Rautaruukki.

For further information, please contact:
Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com, +46 8 45 45 729

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 09.30 am CET, February 12, 2015.
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.