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2014-04-11

SSAB: SSAB's share exchange offer for all issued and outstanding shares in Rautaruukki begins on April 14

This stock exchange release may not be published or distributed, in
whole or in part, directly or indirectly, in the United States of
America, Australia, Canada, Hong Kong, Japan, New Zealand, South
Africa or any other country where such publication or distribution
would violate applicable laws or rules or would require additional
documents to be completed or registered or require any measure to be
undertaken, in addition to the requirements under Finnish and Swedish
law. For further information, please see "Important notice" in this
stock exchange release.

On January 22, 2014, SSAB AB (publ) ("SSAB") and Rautaruukki
Corporation ("Rautaruukki") announced a plan to combine the two
companies through SSAB making a recommended public share exchange
offer to Rautaruukki's shareholders. In the share exchange offer,
SSAB offers 0.4752 new Class A shares and 1.2131 new Class B shares
in SSAB for each Rautaruukki share. The Board of Directors of
Rautaruukki has, in its statement announced on March 26, 2014,
recommended to Rautaruukki shareholders that they accept the share
exchange offer. The largest shareholder of Rautaruukki, Solidium Oy,
which holds 39.7 percent of all Rautaruukki shares, has undertaken to
accept the share exchange offer.

The offer period for the share exchange offer will begin on April 14,
2014 at 9:00 a.m. (Finnish time) and will expire on May 12 at 4:00
p.m. (Finnish Time), unless the offer period is extended. The Finnish
Financial Supervisory Authority has on April 10, 2014 approved a
Finnish language share exchange offer document and prospectus in
respect of the share exchange offer.

The Finnish language share exchange offer document and prospectus will
be available on the internet at www.ssab.com and www.ruukki.fi
starting on April 11, 2014, as well as at the reception of NASDAQ OMX
Helsinki Ltd at Fabianinkatu 14, Helsinki, Finland, at the head
office of SSAB at Klarabergsviadukten 70, D6, Stockholm, Sweden, at
the head office of Rautaruukki at Suolakivenkatu 1, Helsinki, Finland
and at the Finnish branch offices of Danske Bank starting on April
14, 2014. The English language share exchange offer document and
prospectus will with certain restrictions be available on the
internet at www.ssab.com and www.ruukki.com starting on April 11,
2014.

The terms and conditions of the share exchange offer are attached in
their entirety to this stock exchange release (Appendix 1).

For further information, please contact:

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

Important notice

This release may not be released or otherwise distributed, in whole or
in part, in or into the United States of America, Australia, Canada,
Hong Kong, Japan, New Zealand, South Africa or any other jurisdiction
where prohibited by applicable laws or rules. This release is not a
share exchange offer document or a prospectus and as such does not
constitute an offer or invitation to make a sales offer. Investors
shall accept the share exchange offer for the shares only on the
basis of the information provided in the share exchange offer
document and prospectus in respect of the share exchange offer.
Offers will not be made directly or indirectly in any jurisdiction
where either an offer or participation therein is prohibited by
applicable law or where any exchange offer document or registration
or other requirements would apply in addition to those undertaken in
Finland and Sweden.

The share exchange offer document and prospectus in respect of the
share exchange offer as well as related acceptance forms will not and
may not be distributed, forwarded or transmitted into, in or from any
jurisdiction where prohibited by applicable law. In particular, the
share exchange offer is not being made, directly or indirectly, in or
into, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa
or, subject to certain exceptions, the United States of America. The
share exchange offer cannot be accepted from within Australia,
Canada, Hong Kong, Japan, New Zealand, South Africa or, subject to
certain exceptions, the United States of America.

The SSAB shares have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or
under any of the relevant securities laws of any state or other
jurisdiction of the United States of America. The SSAB shares may not
be offered or sold in the United States, except pursuant to an
exemption from the Securities Act or in a transaction not subject to
the registration requirements of the Securities Act.

It should be noted that certain statements herein which are not
historical facts, and statements preceded by "expects", "estimates",
"forecast" or similar expressions, may be forward-looking statements.
These statements are based on current decisions and plans and
currently known factors. They involve risks and uncertainties which
may cause the actual results to materially differ from the results
currently expected.

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http://feed.ne.cision.com/client/waymaker1/WOLReleaseFile.aspx?id=277131...
http://mb.cision.com/Main/980/9567809/232401.pdf
http://mb.cision.com/Public/980/9567809/aadc3bcae8855bab.pdf

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