Change of CEO at Dannemora Mineral AB

Ralf Nordén takes over as CEO of Dannemora Mineral tomorrow, Thursday 13
December. Ralf Nordén comes from the position of CEO at Sapa Heat Transfer. He
has previously held various positions within SSAB, most recently Executive Vice
President of SSAB Oxelösund, responsible for production and logistics, and prior
to that head of SSAB's operations in North and South America.

"The change of CEO is a natural progression in that Dannemora Mineral has
entered a new phase," says Dannemora Mineral's Chairman Nils Bernhard. Until
this spring, the focus was on the investment programme and its funding. Now the
focus has shifted to production and sales, which requires a different type of
experience and expertise."

Consequently, Staffan Bennerdt, who has successfully led the development of
Dannemora since 2008, is relinquishing his position as CEO but will remain
indefinitely as an advisor to the company's new CEO and its board.

"Staffan has done a fantastic job and his profile was perfect during the phase
the company has now completed. Without Staffan, we would hardly be where we are
today," says Nils Bernhard.

Ralf Nordén's position as President and CEO of Dannemora Mineral is likely to be
limited to a maximum of one year. The Board has therefore initiated a search for
a longer-term CEO solution.

Download Press release below


[HUG#1664282]