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SSAB: The subscription price converted to EUR in SSAB's rights issue is EUR 1.13 per share

As previously announced, SSAB AB (publ) ("SSAB") has resolved to
conduct a rights issue of class B shares of approximately SEK 5
billion with preferential rights for existing shareholders in SSAB.
The subscription price is SEK 10.50 per share. Holders of shares
registered with Euroclear Finland and traded on Nasdaq Helsinki will
pay an amount in EUR corresponding to the subscription price of SEK
10.50 per share.

The currency conversion rate has been determined and resulted in an
amount of EUR 1.13 per share. The conversion rate for the
subscription price is based on the European Central Bank EUR/SEK
reference rate of 9.2910, which was published at 3.00 pm CEST on May
31, 2016.

For further information, please contact

Andreas Koch, Head of Investor Relations,, +46 8 454 57 29

Viktoria Karsberg, Head of External Communications,
+46 8 454 57 34

SSAB AB (publ) discloses the information in this press release
according to the Swedish Securities Markets Act and/or the Swedish
Financial Instruments Trading Act. The information was provided for
public release on May 31, 2016 at 4.30 pm CEST.


The information in this press release does not contain or constitute
an offer to acquire, subscribe or otherwise trade in shares,
subscription rights or other securities in SSAB.

This press release may not be released, published or distributed,
directly or indirectly, in or into Australia, Japan, Canada, the
United States or any other jurisdiction where participation would
require additional prospectuses, registration or measures besides
those required by Swedish, Finnish, Danish, UK and Irish law. Nor may
this press release be distributed in or into such countries or any
other country or jurisdiction in which distribution requires such
measures or otherwise would be in conflict with applicable
regulations. Any failure to comply with the restrictions described
may result in a violation of applicable securities regulations.

No subscription rights, paid subscribed shares or shares in SSAB have
been or will be registered under the United States Securities Act of
1933, as amended (the "Securities Act") or the securities legislation
of any state or other jurisdiction in the United States and no
subscription rights, paid subscribed shares or shares may be offered,
subscribed for, sold, resold, delivered or otherwise transferred,
directly or indirectly, in or into the United States except under an
available exemption from, or transaction not subject to, the
registration requirements under the Securities Act and in compliance
with the securities legislation in the relevant state or any other
jurisdiction of the United States.

There is no intention to register any securities referred to herein in
the United States or to make a public offering of the securities in
the United States. This press release contains certain
forward-looking information that reflects SSAB's present view of
future events as well as financial and operational development. Words
such as "intend", "assess", "expect", "may", "plan", "believe",
"estimate" and other expressions entailing indications or predictions
of future development or trends, not based on historical facts,
constitute forward-looking information. Forward-looking information
is inherently associated with both known and unknown risks and
uncertainties as it depends on future events and circumstances.
Forward-looking information is not a guarantee of future results or
development and actual outcomes may differ materially from the
statements set forth in the forward-looking information.

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.


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