The final purchase price of the notes is EUR 940 for each EUR 1,000 nominal amount of the notes, which will be paid to the relevant qualifying noteholders, together with accrued interest. The settlement will occur on March 9, 2016.

Pohjola Bank plc acted as exclusive Dealer Manager for the tender offer. Citibank N.A., London Branch acted as Tender Agent.

For further information, please contact
Andreas Koch, Head of Investor Relations, andreas.koch@ssab.com,
+46 8 454 57 29
Patrik Juhlin, Group Treasurer,
Patrik.Juhlin@ssab.com, +46 8 454 5744
Peter Nordquist, Head of Funding and Market Operations,
peter.nordquist@ssab.com, +46 8 454 5745

DISCLAIMER: Not for distribution in or into or to any person located or resident in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States or the District Of Columbia or in or into any other jurisdiction where it is unlawful to distribute this document.