SSAB — Board/Management Information 2008

Jun 17, 2008

Date: June 13, 2008

PRESS RELEASE

SSAB completes transaction of IPSCO Tubulars

All closing conditions with respect to SSAB's sale of Division IPSCO's tubular operations have been fulfilled. The closing of the tubular operations sale has thereby occurred, effective upon June 13, 2008.

In connection therewith, David Britten will take over as head of the North America Division, while John Tulloch leaves the company upon retirement.

SSAB, a global niche producer of high strength steel with a leading market position and productivity, develops solutions in order to increase the competitiveness of its customers.

For further information, please contact: Helena Stålnert, Executive Vice President, Communications Phone: +46 8 45 45 734