As a principal owner of SSAB we welcome SSAB's acquisition of the Finnish steel
company Rautaruukki. The combination of the two companies will create
significant cost synergies and great flexibility in the joint production
system, which is a great advantage in today's challenging European steel
market.

The deal ensures that the "new" SSAB will have better prospects to compete in
an industry that has struggled with weak profitability for several years. The
weak economic trend in Europe has led to overcapacity in the industry, and the
structural adaptation has gone slowly - partly due to government intervention
in certain countries.

The combination of both companies' operations will generate considerable
synergies, increase flexibility and strengthen the new company's
competitiveness significantly. It also accelerates the company's strategic
investment in specialty steel. After the deal Industrivärden will continue to
be the largest shareholder in SSAB in terms of votes and intends to continue to
work actively for the company's strategic development as well as for a more
efficient and profitable steel industry in Europe.

Commenting on the acquisition, Anders Nyrén, President and CEO of
Industrivärden, said: "We believe that the transaction is both industrially
sound and financially value creating for SSAB and its shareholders. The
acquisition will make SSAB's Nordic operations stronger and more flexible."

For more detailed information about the deal and its economic preconditions and
effects, please refer to SSABs and Rautaruukkis joint press release which has
been published today.

Stockholm, January 22, 2014

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:

Anders Nyrén, President and CEO, tel. +46-8-666 64 00

The information provided in this press release is such that AB Industrivärden
(publ) is obligated to publish pursuant to the Securities Market Act (SFS
2007:528) and/or the Financial Instruments Trading Act (SFS 1991:980).
Submitted for publication at 07:00 a.m. on January 22, 2014.


SSAB förvärv_140122_eng.pdf
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