SSAB strengthens its presence in Australia

SSAB has signed an agreement to acquire 51% of the shares of G&G Mining
Fabrication Pty Ltd in Perth, Western Australia. The company specializes in the
refurbishment, manufacture and design of large fabrications for heavy earth
moving equipment, with focus on backhoe, loader and face shovel buckets and
service modules for the West Australian mining industry.
The investment represents a significant advancement of SSAB’s strategy to grow
its presence in the aftermarket for wear parts and service and develop SSAB’s
customer offering.

“With this acquisition, SSAB takes one further step towards becoming a leading
player in the large mining aftermarket in Western Australia. We can now offer
products, wear parts and services directly to mining end-users. We are very
pleased to join forces with G&G,” says Claes Löwgren, Director Wear Services,
SSAB APAC.

G&G enjoys a strong position within Western Australia, one of the world’s most
significant mining regions in terms of production, where today end-users are
demanding ever increased productivity through enhanced efficiency and extended
asset life. G&G together with SSAB create natural synergies that will help
fulfil the continuously increasing demands of the mining industry.

The ability to access SSAB’s extensive knowledge of how to best design and
produce using Hardox wear plate will enable G&G to meet and exceed its
customers’ requirements. G&G will also work towards becoming a certified Hardox
Wearparts Centre.

“The joint development of more efficient mining buckets, using innovative
designs and wear materials such as Hardox wear plate is a good example of how we
will combine our strengths to deliver strong solutions to the mining industry,”
says Richard Ladny, Chief Executive Officer at G&G.

By combining G&G’s end-user knowhow and its strengths in refurbishment, design
and fabrication of mining earthmoving equipment with SSAB’s wear and material
knowledge, G&G will become an even stronger player offering a competitive range
of products and services.

G&G has a workforce of 40 employees.

The closing of the acquisition is subject to the satisfaction of various
customary closing conditions.
For further information, please contact

Marie Elfstrand, Director External Communications, SSAB, +46 8-45 45 734

Iris Yang, Marketing & Communication Manager, SSAB APAC, +86 139 6265 8769

Claes Löwgren, Director Wear Services, SSAB APAC, +61 458 299 755

Richard Ladny, Chief Executive Officer, G&G, +61 08 6258 3333
SSAB is a global leader in value added, high strength steel. SSAB offers
products developed in close cooperation with its customers to create a stronger,
lighter and more sustainable world.SSAB has employees in over 45 countries and
operates production facilities in Sweden and the US. SSAB is listed on the
NASDAQ OMX Nordic Exchange, Stockholm. www.ssab.com