Notice to attend the Annual General Meeting 2016

The shareholders of SSAB AB (publ) (company registration number 556016-3429) are
hereby given notice to attend the Annual General Meeting to be held on Thursday,
April 7, 2016, at 1 pm.
Location

Hotel Rival
Mariatorget 3, Stockholm

Application

In order to be entitled to attend the meeting, shareholders must be included in
the printout of the share register that is made by Euroclear Sweden AB on
Friday, April 1, 2016 and give notice of their intention to attend the meeting
not later than on Friday, April 1, 2016, preferably before 12 noon.

Notice to attend the Annual General Meeting may be given via the Company’s
website, www.ssab.com, or by telephone on +46 8-45 45 760.

The name, personal identification number (or company registration number),
address and telephone number of the shareholder must be provided in the notice.

Nominee-registered shares

In order to be entitled to attend the Annual General Meeting, shareholders whose
shares are registered in the name of a nominee must temporarily re-register the
shares in their own name. Such re-registration must be effected at Euroclear
Sweden AB on Friday, April 1, 2016. Thus, the nominee should be contacted in
ample time prior to that date.

Since the shareholders that are registered within the Finnish book-entry system
at Euroclear Finland Ltd are nominee registered at Euroclear Sweden AB, those
shareholders wishing to attend the meeting must contact Euroclear Finland Ltd by
e-mail to thy@euroclear.eu or by phone on +358 (0)20 770 6609, for registration
of their shares in their own name well in advance of Friday, April 1, 2016.

Proxies

Proxies in original and, with respect to a legal entity, a certificate of
registration, should be submitted in ample time prior to the Annual General
Meeting to: SSAB AB, Årsstämman, Box 7832, 103 98 Stockholm, Sweden. The Company
provides proxy forms for shareholders wishing to be represented by a proxy. The
form is available on the Company’s website, www.ssab.com and will be sent to
those shareholders who so request and state their mailing address. Order may be
placed by telephone on +46 8 45 45 760.

Admission cards

Admission cards entitling the holder to attend the Annual General Meeting will
be distributed prior to the Annual General Meeting to those shareholders who
have submitted applications. It is anticipated that shareholders will receive
admission cards not later than on Wednesday, April 6, 2016. Any shareholder that
has not received an admission card prior to the Annual General Meeting will be
able to obtain an admission card from the information desk, upon presentation of
identification.

Agenda

1. Election of a chairman of the meeting

2. Preparation and approval of the voting register

3. Approval of the agenda proposed by the Board of Directors

4. Election of one or two persons to attest the minutes of the meeting

5. Determination whether the meeting has been duly convened

6. Presentation of the annual report and the auditor’s report, as well as the
consolidated financial statements and the auditor’s report for the Group. In
connection therewith:

a) An address by the Chairman of the Board

b) An address by the President

c) A report by the auditor-in-charge regarding the audit work

7. Resolutions regarding:

a) Adoption of the income statement and balance sheet as well as the
consolidated income statement and consolidated balance sheet

b) Allocation of the Company’s result in accordance with the adopted balance
sheet

c) Discharge from liability for the directors and the President

8. Determination of the number of directors

9. Determination of fees for the Chairman of the Board, directors and auditors

10. Election of the Board of Directors

11. Election of the Chairman of the Board

12. Resolutions regarding number of auditors and auditor election

13. Approval of guidelines for determination of salaries and other compensation
for the President and other senior executives

14. Shareholder proposals from Mr Thorwald Arvidsson that the Annual General
Meeting shall resolve:

a) to adopt a zero vision regarding workplace accidents within the Company

b) to instruct the Board of Directors of the Company to set up a working group
to implement this zero vision

c) that the result annually shall be reported in writing to the Annual General
Meeting, as a suggestion, by including the report in the printed version of the
Annual Report

d) to adopt a vision on absolute equality on all levels within the Company
between men and women

e) to instruct the Board of Directors of the Company to set up a working group
with the task of implementing also this vision in the long term as well as to
closely monitor the development on both the equality and the ethnicity area

f) to annually submit a report in writing to the Annual General Meeting, as a
suggestion by including the report in the printed version of the Annual Report

g) to instruct the Board of Directors to take necessary action in order to bring
about a shareholders’ association in the Company

h) that directors should not be allowed to invoice their fees from a legal
entity, Swedish or foreign

i) that the Nomination Committee in performing its duties should pay particular
attention to issues associated with ethics, gender and ethnicity

and, to instruct the Board of Directors of the Company to:

j) prepare a proposal regarding representation for small as well as midsize
shareholders in the Board of Directors as well as the Nomination Committee, to
be referred to the Annual General Meeting 2017 (or any prior Extraordinary
General Meeting).

k) contact the appropriate public authority – primarily the Government of Sweden
or the Swedish Tax Agency – in order to draw their attention to the need for
regulatory change in respect of the issue described in (h) above

l) contact the Government of Sweden in order to draw their attention to theneed
for abolishment of the possibility of having so called voting power differences
through changes in the legal framework

m) contact the Government of Sweden in order to draw their attention to the need
for an implementation of a so called “cool-off period” for politicians

15. Shareholder proposal from Mr Thorwald Arvidsson that the Annual General
Meeting shall resolve to amend the articles of association

16. Shareholder proposal from Mr Thorwald Arvidsson that the Annual General
Meeting shall resolve to amend the articles of association

17. Closing of the Annual General Meeting

A. The Nomination Committee proposes:

The Nomination Committee consists of Helena Stjernholm, Industrivärden (Chairman
of the Nomination Committee); Kari A. J. Järvinen, Solidium Oy; Åsa Nisell,
Swedbank Robur Fonder; Ulf Strömsten, Catella fonder and Bengt Kjell (Chairman
of the Board of Directors).

1. that attorney Sven Unger be appointed to chair the meeting;

8. that there be nine directors;

9. that Board fees and compensation in respect of committee work remain
unchanged compared to the previous year. That Board fees accordingly be paid in
the amount of SEK 1,650,000 to the Chairman of the Board and SEK 550,000 to each
director who is not employed in the Group. That Compensation to directors in
respect of committee work accordingly be paid in the amount of SEK 100,000 each,
with the exception of the position of Chairman of the Audit Committee, for which
payment shall be made in the amount of SEK 125,000. Fees shall be paid to the
auditor in accordance with approved invoices;

10. that the following directors be re-elected: Petra Einarsson, Kim Gran, Bengt
Kjell, Matti Lievonen, Martin Lindqvist, Annika Lundius, John Tulloch and Lars
Westerberg. Election of Marika Fredriksson as new board member;

11. that Bengt Kjell be re-elected as Chairman of the Board;

12. that the auditors shall be one registered auditing company and that PwC be
re-elected as auditors for another year until the Annual General Meeting of
2017.

B. The Board of Directors proposes:

7 b) Allocation

The Board of Directors propose that no dividends be paid for the financial year
2015.

13. Approval of guidelines for determination of salaries and other compensation
for the President and other senior executives.

Compensation to the President and other members of the Company’s senior
management shall comprise of

  · fixed salary,
  · possible variable compensation,
  · other benefits such as company car, and
  · pension.

“Other members of the Company’s senior management” means a member of the Group
Executive Committee, currently eight persons other than the President. The total
compensation package shall be at market terms and conditions and competitive on
the employment market on which the executive works. Fixed salary and variable
compensations shall be related to the executive’s responsibilities and
authority. The variable compensations shall be based on results as compared with
defined and measurable targets and shall be subject to a ceiling in relation to
the fixed salary. The variable compensations shall not be included in the basis
for computation of pension, except in those cases where so provided in the rules
of a general pension plan, e.g. the Swedish ITP plan. For senior executives
outside Sweden, all or parts of the variable compensations may be included in
the basis for pension computation due to legislation or competitive practice on
the local market.

The variable compensation programs should be structured such that the Board of
Directors has the possibility, should exceptional circumstances prevail, to
restrict the payment of variable compensations, or to decline to make such
payment, where such a measure is deemed reasonable and compatible with the
Company's responsibilities to its shareholders, employees and other
stakeholders.

Consultant fees in line with prevailing market conditions may be payable insofar
as any director performs work on behalf of the Company, in addition to the Board
work.

The period of notice of termination of employment for senior executives in
Sweden shall be six months in the event of termination by the executive. In the
event of termination by the Company, the total of the period of notice of
termination and the period during which severance compensation is payable shall
not exceed 24 months. Pension benefits shall be contribution-based with
individual retirement ages in no case earlier than the age of 62. In the event
the employment terminates prior to the retirement age, the executive shall
receive a paid-up policy for earned pension. For senior executives outside
Sweden, the termination period and severance compensation may vary due to
legislation or competitive practice on the local market.

The Board of Directors shall be entitled to deviate from the guidelines where
special reasons exist in an individual case.

For detailed information regarding current compensation structures, reference is
made to note 2 in the Annual Report for the financial year 2015.

C.    Shareholder proposals from Mr Thorwald Arvidsson:

14.a) - m) The proposals under item 14.a) - m) are set out in the agenda.

15. Shareholder proposal from Mr Thorwald Arvidsson that the Annual General
Meeting shall resolve to amend § 5 of the articles of association, currently in
force, in such a way that the last two sentences will read as set out below:

Class A shares as well as Class B shares shall carry one vote each and entitle
to equal rights to participate in the assets and profits of the Company.

16. Shareholder proposal from Mr Thorwald Arvidsson that the Annual General
Meeting shall resolve to amend § 7 of the articles of association by way of
adding a second and third paragraph, as set out below:

Former ministers of the government may not be appointed as directors before a
period of one year has lapsed since such minister left his or her position as
minister.

As regards other politicians, receiving full-time remuneration for such
position, a time limit of one year shall apply, should not exceptional reasons
dictate otherwise.

Majority rules

The resolution of the Annual General Meeting to amend the articles of
association under item 15 is valid if all shareholders represented at the
meeting support the proposal and those shareholders represent at least nine
-tenths of all shares in the Company, or alternatively if shareholders
representing at least two-thirds of the votes cast as well as the shares
represented at the meeting support the proposal and holders of half of all the
Class A shares and nine-tenths of the Class A shares represented at the meeting
agree to the change. The resolution of the Annual General Meeting to amend the
articles of association under item 16 requires that shareholders holding at
least two-thirds of the votes cast as well as the shares represented at the
Annual General Meeting support the proposal.

Information at the Annual General Meeting

The shareholders are entitled to some information at the Annual General Meeting.
The Board of Directors and the President shall, if any shareholder so requests
and the Board of Directors believes that it can be done without material harm to
the Company, provide information regarding circumstances that may affect the
assessment of an item on the agenda and circumstances that can affect the
assessment of the Company’s or its subsidiaries’ financial situation and the
Company’s relation to other companies within the group.

Documents

The Nomination Committee’s proposals and motivated opinion together with
information regarding all board members proposed to the Board of Directors of
the Company will be available on the Company’s website, www.ssab.com. The annual
report and auditor’s report, the auditor’s opinion whether the annual general
meeting’s guidelines for compensation to senior executives have been complied
with, and shareholders proposals will be available at the Company's offices on
Klarabergsviadukten 70, D6, Stockholm and on the Company's website,
www.ssab.com, commencing Thursday, March 17, 2016 and will be sent to those
shareholders who so request and state their address. Orders may be placed by
telephone on +46 8-45 45 760.

A printed version of the annual report will also be available at the Company’s
offices at the above address commencing week 11.

Number of shares and votes

In the Company, there are 304,183,270 class A shares, each with one vote per
share, and 245,062,240 class B shares, each with 1/10 vote per share, entailing
that in total there are 549,245,510 shares and 328,689,494 votes in the Company.

Stockholm, March 2016
SSAB AB (publ)
The Board of Directors

Registration will commence at 12 noon and coffee and sandwiches will be served
before the meeting commences.

Welcome!

This information is published by SSAB pursuant to the requirements of the
Swedish Securities Market Act and the Finnish Securities Market Act. Submitted
for publication at 8.30am CET, March 1, 2016.
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. www.ssab.com.