Change in SSAB’s future Group Executive Committee

SSAB has appointed Per Olof Stark as the future head of the Special Steels
business (Quenched & Tempered Steels) in the new SSAB which is planned following
a combination of SSAB and Rautaruukki.
On January 22, 2014, plans were announced for a combination of SSAB and
Rautaruukki by means of SSAB issuing a recommended share exchange offer to
Rautaruukki’s shareholders. In connection with the announcement, Melker Jernberg
was appointed as head of the planned special steels division in the combined
company. In May, it was announced that Melker Jernberg is leaving SSAB to take
up the position of CEO and President of Höganäs. SSAB has now appointed Per Olof
Stark to succeed Melker Jernberg in the future position as head of the special
steels business. Melker Jernberg will remain in his current position as
President & Head of Business Area SSAB EMEA until the combination with Ruukki
can be completed and the new organization is in place.

Per Olof Stark has worked at SSAB since 1983 and has held many different
positions ― including head of business area Europe and the US, as well as head
of marketing at SSAB’s former Plate Division. During 2010-2012 he served as
president of the wholly owned subsidiary Plannja and, since 2013, has been head
of the SSAB Wear Services business unit.

“It’s very pleasing that Per Olof Stark has accepted the role as future head of
the planned special steels business in the combined company,” says SSAB’s
President & CEO Martin Lindqvist. “He possesses both long experience and broad
expertise and I'm convinced that he will make a very positive contribution to
SSAB’s operations.”

The transaction is subject to regulatory competition approval in the European
Union and in a limited number of other jurisdictions. Detailed information about
the share exchange offer is contained in the press release dated January 22,
2014, which is available on SSAB's website.
Marie Elfstrand, Director External Communications, +46 8 45 45 734
marie.elfstrand@ssab.com
SSAB is a global leader in value added, high strength steel. SSAB offers
products developed in close cooperation with its customers to create a stronger,
lighter and more sustainable world.SSAB has employees in over 45 countries and
operates production facilities in Sweden and the US. SSAB is listed on the
NASDAQ OMX Nordic Exchange, Stockholm. www.ssab.com