Resolutions adopted at SSAB’s 2016 AGM

SSAB's annual general meeting (AGM) was held today, April 7, 2016, in Stockholm.
Marika Fredriksson was elected as a new director. The AGM also resolved that no
dividends be paid for the financial year 2015.
It was resolved that the Board of Directors will comprise eight members.
Directors Petra Einarsson, Bengt Kjell, Matti Lievonen, Martin Lindqvist, Annika
Lundius, John Tulloch and Lars Westerberg were re-elected, and Marika
Fredriksson was elected as new director. Bengt Kjell was re-elected as chairman
of the board. The AGM granted the directors and President discharge from
liability in respect of the financial year 2015.

The AGM resolved on Board fees 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.
Compensation to directors in respect of committee work will 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 will be made in the amount of SEK
125,000. Auditor fees will be paid in accordance with approved invoices.

Guidelines were adopted regarding the determination of salaries and other
compensation for the President and other senior executives in accordance with
the Board's proposal.

The AGM adopted the income statement and balance sheet as well as the
consolidated income statement and consolidated balance sheet. The AGM resolved
that no dividends be paid for the financial year 2015.

It was resolved that the auditors will be one registered accounting firm. PwC
was re-elected for a term of office up to and including the 2017 AGM.

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 4 pm CEST, April 7, 2016.

For further information, please contact:
Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com, +46 8 45 45 729
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.