SSAB has divested Finnish Plannja Oy as one of the remedies required under the Rautaruukki transaction

SSAB has divested Plannja Oy in Finland to Metehe Oy after receiving approval
for the transaction from the European Commission. Both Plannja Oy and Metehe Oy
are located in Joutseno and specialized in the processing, profiling and
distribution of sheet steel mainly for construction applications. The
transaction is part of the divestment remedies required by the European
Commission for the combination of Rautaruukki with SSAB. This transaction has
only a limited impact on SSAB’s financial results.
Upon the combination of SSAB and Rautaruukki, SSAB’s subsidiary Plannja AB,
which processes steel sheet products, was combined with Ruukki’s construction
businesses to form the new Ruukki Construction division. As part of the approval
for the combination between SSAB and Rautaruukki the European Commission
required the divestment of Plannja’s Finnish subsidiary, Plannja Oy.

Plannja Oy’s net sales in 2013 amounted to around SEK 200 million (EUR 22.6
million). Plannja Oy will continue operating under its new ownership and the
transaction has no direct impact on the employment relationships of the
company’s employees.

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).

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

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 09.00 am CET, February 3, 2015.
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.