Rautaruukki receives warning and fine for failu...

Rautaruukki Corporation Stock exchange release 29 August 2014 at 4.30pm EEST

Rautaruukki receives warning and fine for failure to comply with stock exchange rules

Nasdaq OMX Helsinki Ltd's Disciplinary Committee has today imposed a warning and fine of EUR 100,000 on Rautaruukki Corporation under rule 8.2.3 of the Rules of the Exchange. According to the resolution of the Disciplinary Committee, Rautaruukki failed to comply with rules 8.1.2 (1 July 2013, current rule 9.1.2) and 2.2.4.3 of the Rules of the Exchange in August-September 2013 concerning the provision of information to the Exchange for surveillance purposes and the arrangement of governance regarding this.

The Disciplinary Committee considers that Rautaruukki failed to comply with its obligation to provide information to NASDAQ OMX Helsinki Ltd's ("Stock Exchange") when Helsinki Surveillance had noticed unusual features in the trading of Rautaruukki's share and that neither did Rautaruukki's governance meet the requirements imposed on listed companies in conjunction with the share exchange offer made for the company by the Swedish company SSAB AB. According to the response issued by Rautaruukki, the discussions held with SSAB before the time of the incident had been preliminary and the discussions had been discontinued in August. For this reason, the company was of the view that there was no obligation to disclose information about the project. The Disciplinary Committee's grounds are detailed in the public version of the decision published by the Stock Exchange today.

Rautaruukki takes compliance with insider regulations very seriously and will henceforth strive to further improve its disclosure processes and governance to prevent the recurrence of similar situations.

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

Rautaruukki Corporation

Taina Kyllönen
SVP, Marketing and Communications

Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com. www.ruukki.com
DISTRIBUTION:
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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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