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).

Norsk Stål AS distributes steel and other metals in Norway. The company has 241 employees and its net sales in 2013 were SEK 1,659 million (EUR 192 million). The other half of the shares in Norsk Stål AS is owned by Tata Steel.

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 8.30 am CET, February 6, 2015.