NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Morgan Stanley and Carnegie have been retained to evaluate the possibilities of a divestment of up to Industrivärden's entire holding of 54,633,318 class B shares, as well as up to 19,000,000 of Industrivärden's class A shares, in SSAB to Swedish and international institutional investors. The holding of class B shares corresponds to 5.31 percent of the capital and 1.45 percent of the voting rights in SSAB. The holding of class A shares covered by a potential transaction corresponds to 1.84 percent of the capital and 5.04 percent of the voting rights in SSAB. The transaction is aimed at strengthening Industrivärden's financial flexibility, at the same time as the company remains as the largest owner in terms of votes.

Following completion of the transaction, Industrivärden's shareholding in SSAB will comprise 44,334,933 class A shares corresponding to 4.31 percent of the capital and 11.77 percent of the votes. Subject to completion of the transaction, Industrivärden will enter into a customary lock-up clause on the remaining shares in SSAB of approximately 180 days.

If the divestment is completed, it will be made and the price will be determined, by means of an accelerated book building process. The process will begin immediately and may be terminated with short notice. Further information will be published as soon as the book building process has been completed.

Morgan Stanley has acted as Sole bookrunner and Carnegie as Co-bookrunner in connection with the transaction and Sundling Wärn Partners has acted as independent advisor to the seller.

Stockholm, 23 April 2018

AB INDUSTRIVÄRDEN (publ)

For further information, please contact:
Sverker Sivall, Head of Corporate Communications and Sustainability, tel. +46-8-666 64 00

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AB Industrivärden published this content on 05 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 July 2018 08:13:02 UTC