Notice from Solidium Oy about change in holding...

Rautaruukki Corporation Stock exchange release 24 July 2014 at 9am EEST

Notice from Solidium Oy about change in holding of Rautaruukki Corporation's shares

Rautaruukki Corporation has received notice from Solidium Oy about a change in its holding of shares in the company.

SSAB AB (publ) ("SSAB") has announced that according to the preliminary result of the share exchange offer made to the shareholders of Rautaruukki Corporation ("Rautaruukki"), the shares tendered in the share exchange offer represent approximately 95.1 percent of all the shares and votes in Rautaruukki. The Board of Directors of SSAB has resolved to issue a total of up to 67,000,000 new class A shares and up to 169,000,000 new class B shares as consideration in the share exchange offer to the shareholders in Rautaruukki. The final result of the share exchange offer will be confirmed and announced on or about July 29, 2014.

As all the conditions to the completion of the share exchange offer have been fulfilled, SSAB will complete the share exchange offer in accordance with its terms and conditions, subject to the conditions to the completion of the share exchange offer remaining fulfilled at the time of completion.

Solidium Oy (business ID 2245475-9) ("Solidium") has 23 July 2014 announced, that as a result of the completion of the share exchange offer it's holding of Rautaruukki's shares will fall from 39.67 per cent to 0 per cent.

Solidium is a limited company wholly-owned by the Finnish State.

For further information, please contact:
Taina Kyllönen, SVP, Marketing and Communications, tel. [phone]
Timo Pirskanen, SVP, Investor relations, 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 9,000 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 2012 totalled €2.8 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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