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2014-04-09

SSAB: Resolutions adopted at SSAB's 2014 AGM

SSAB's annual general meeting (AGM) was held today, April 9, 2014, in
Stockholm.

Adoption of income statement and balance sheet

The AGM adopted the income statement and balance sheet as well as the
consolidated income statement and consolidated balance sheet.

Allocation of result

The AGM resolved that no dividends be paid for the financial year
2013, in accordance with the combination agreement entered into by
SSAB and Rautaruukki in connection with the share exchange offer to
the shareholders of Rautaruukki.

Discharge from liability

The AGM granted the directors and CEO discharge from liability in
respect of the financial year 2013.

Board fees

The AGM resolved on board fees in the amount of SEK 1,425,000 to the
chairman of the board and SEK 475,000 to each director who is not
employed in the Group. Compensation to directors in respect of
committee work shall be paid in the amount of SEK 100,000 each, with
the exception of the position of chairman of the audit committee, for
which payment shall be made in the amount of SEK 125,000. Auditor
fees shall be paid in accordance with approved invoices.

Directors

It was resolved that the board of directors shall comprise nine
members. Directors Anders G Carlberg, Jan Johansson, Martin
Lindqvist, Annika Lundius, Sverker Martin-Löf, Matti Sundberg, John
Tulloch, Lars Westerberg and Pär Östberg were re-elected.

Sverker Martin-Löf was re-elected as chairman of the board.

Auditors

It was resolved that the auditors shall be one registered accounting
firm. PwC was re-elected for a term of office up to and including the
2015 AGM.

Guidelines for determination of salaries and other compensation for
the CEO and other senior executives

Guidelines were adopted regarding the determination of salaries and
other compensation for the CEO and other senior executives in
accordance with the board's proposal, which was included in the
notice to attend the AGM.

Resolution relating to the combination with Rautaruukki

The AGM resolved to amend the provisions in § 4 and § 5 of the
articles of association on the lowest and the highest share capital
and the lowest and the highest number of shares as well as the
maximum number of series A and series B shares that may be issued,
conditional upon the completion of the combination, and to authorize
the board until the next annual general meeting to resolve, on one or
several occasions, to issue not more than 67,000,000 class A shares
and not more than 169,000,000 class B shares as consideration in the
share exchange offer to the shareholders of Rautaruukki. The
resolution was passed in accordance with the board's proposal, which
is available in full text on SSAB's website.

The information was provided for publication on April 9, 2014.

For further information, please contact:

Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com, +46 8
45 45 729

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

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http://news.cision.com/ssab/r/resolutions-adopted-at-ssab-s-2014-agm,c95...
http://mb.cision.com/Main/980/9566713/231516.pdf

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