Resolutions adopted at SSAB's Extraordinary General Meeting, 10 July 2007

Resolutions adopted at SSAB's Extraordinary General Meeting, 10 July 2007

Not for release, publication or distribution, directly or indirectly, in or into
the United States, Canada, Australia or Japan.

At SSAB Swedish Steel's Extraordinary General Meeting, held in Stockholm on
Tuesday, the following resolutions were adopted:

The articles of association

The General Meeting resolved to alter section 5, first three sentences of the
articles of association, to be worded as follows: "There shall be not less than
100,000,000 shares and not more than 400,000,000 shares. The shares may be
issued in two classes, designated Class A and Class B. Not more than 400,000,000
Class A shares may be issued and not more than 125,000,000 Class B shares may be
issued".


Authorisation for the Board of Directors to resolve on new issues with
pre-emption rights for existing shareholders

The General Meeting resolved to authorise the Board of Directors, during the
period until December 31st, 2007, to decide on one or more issues of new shares
within the limits set forth in the articles of association, subject to the prior
approval by the shareholders of IPSCO Inc. at its Special Meeting of SSAB's
acquisition of IPSCO Inc. The company's shareholders shall thereupon have
pre-emption rights to subscribe for the new shares, whereupon old shares of a
particular class shall carry entitlement to subscribe for new shares of the same
class. Shares subscribed for shall be allotted in accordance with the articles
of association. 
The size of any proposed rights issue or rights issues shall, in total, amount
to approximately SEK 10,000 million. The issue price and the subscription ratio
shall be decided upon consultation with the company's financial advisors in
order to establish an appropriate issue price and subscription ratio. 

For more information about SSAB, log on to http://www.ssab.com. 
For more information about IPSCO, log on to http://www.ipsco.com


For more information:
Tommy Löfgren
Public Affairs
Phone. +46-70-525 94 14

Investor Relations
Stefan Lundewall
+46 70 508 28 57