Rautaruukki : SSAB AB (PUBL) has obtained ownership of all the shares in Rautaruukki Corporation and the shares will be delisted

Rautaruukki Corporation Stock Exchange Release 20 November 2014 at 10.30am EET

SSAB AB (PUBL) has obtained ownership of all the shares in Rautaruukki Corporation and the shares will be delisted

The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce has today confirmed in an interim award that SSAB AB's (publ) ("SSAB") redemption right in accordance with the Finnish Companies Act over the minority shares in Rautaruukki Corporation ("Rautaruukki ") is clear, and that SSAB is entitled to obtain ownership of Rautaruukki's minority shares by posting a security approved by the arbitral tribunal for the payment of the redemption price and the interest accruing thereon.

SSAB has today announced the posting of a security approved by the arbitral tribunal and thus obtained ownership of all the shares in Rautaruukki in accordance with Chapter 18, Section 6 of the Finnish Companies Act. After the security has been posted, the minority shareholders of Rautaruukki are entitled to receive the redemption price and the interest payable thereon. The final arbitral award, which will set out the redemption price, will be issued by the arbitral tribunal at a later stage.

Upon application by Rautaruukki, NASDAQ OMX Helsinki Ltd (the "Helsinki Stock Exchange") has decided to delist the Rautaruukki shares from the Official List of the Helsinki Stock Exchange when the ownership of all shares in Rautaruukki has been transferred to SSAB. Trading in Rautaruukki's shares and Rautaruukki's listing on the Helsinki Stock Exchange will thus cease on or about [20] November 2014 in accordance with a separate release to be published by the Helsinki Stock Exchange.

SSAB's class A and class B shares are listed on Nasdaq Stockholm and, on a secondary listing basis, on the Helsinki Stock Exchange.

Rautaruukki Corporation

Olli Huuskonen
SVP, General Counsel

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media
www.ruukki.fi

Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on Nasdaq Helsinki. SSAB's shares are quoted on Nasdaq Stockholm and Nasdaq Helsinki. www.ssab.com. www.ruukki.com.