SSAB has received EC approval to divest Tibnor Oy to Ovako AB as required under the Rautaruukki transaction

SSAB has received approval from the European Commission to sell Tibnor Oy,
Finland to Ovako AB. This transaction is part of the divestment remedies that
the European Commission deemed necessary for the combination of Rautaruukki with
SSAB. The transaction is still subject to the approval of national competition
authorities. This transaction has only a limited impact on SSAB’s financial
results. SSAB has earlier divested Plannja Oy in Finland to Metehe Oy and
received EC approval to divest 50% of the shares in Norsk Stål AS to Leif Hübert
AS.
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).

Tibnor Oy purchases, stores, pre-processes and distributes steel and non-ferrous
metals to the engineering, processing and construction industries. Tibnor Oy’s
net sales in 2013 amounted to around SEK 576 million (EUR 66.6 million).

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 10.00 am CET, February 9, 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.