Flagging notification in accordance with Chapte...

Rautaruukki Corporation Stock exchange release 5 May 2014 at 3pm EEST

Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Rautaruukki Corporation (Rautaruukki) has today 5 May 2014 received from SSAB AB (SSAB) the following flagging notice in accordance with the Securities Market Act:

If the exchange offer for all the shares in Rautaruukki announced by SSAB on 22 January 2014 is completed, the ownership of SSAB in Rautaruukki would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5 May 2014 (including the acceptance of the exchange offer by Rautaruukki's largest shareholder Solidium Oy, in accordance with the undertaking provided in advance by Solidium Oy) exceed 50 percent of all the shares and voting rights in Rautaruukki.

SSAB would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5 May 2014 gain the hold of 70,639,731 of Rautaruukki's shares, which would equate to 50.40 percent of the total outstanding shares and votes in Rautaruukki.

On 22 January 2014, the Boards of Directors of SSAB and Rautaruukki announced a plan to combine the two companies through SSAB making a public share exchange offer which Rautaruukki's Board of Directors has recommended Rautaruukki's shareholders to accept. The offer period of the share exchange offer commenced at 9 am EEST on 14 April 2014 and will continue until 4 pm EEST on 12 May 2014, unless the offer period is extended.

For further information, please contact:
Olli Huuskonen, SVP, General Counsel, tel. [phone]

Taina Kyllönen
SVP, Marketing and Communications

Ruukki specialises in steel and steel construction. We provide customers with energy-efficient steel solutions for better living, working and moving. We have around 8,600 employees and an extensive distribution and dealer network across some 30 countries including the Nordic countries, Russia and elsewhere in Europe and the emerging markets, such as India, China and South America. Net sales in 2013 totalled €2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). www.ruukki.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rautaruukki Oyj via Globenewswire

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