Industrivärden issues Options to SSAB Group Management

5/28/2001 4:16 AM EST

SSAB's Group management has undertaken to acquire call options in SSAB
during a four-year period. This is the third year that call options are
being purchased under the programme.

Industrivärden, in its capacity as a major shareholder in SSAB, has also
this year offered Group management the opportunity to purchase call
options in SSAB in accordance with market terms and conditions. The
purpose is to promote the management's involvement in, and commitment
to, the company.

The allocation has involved a total of 55,637 call options, of which
24,591 have been purchased by President Anders Ullberg, and total of
31,046 have been purchased by other members of Group management. Each
option entitles the holder to purchase one class A share at a price of
SEK 141 during the period 25 May 2001 - 31 May 2006. Handelsbanken
Investment Banking has calculated a market price for the options at SEK
12.20 per option.

Stockholm, 28 May 2001

SSAB Svenskt Stål AB (publ) Industrivärden AB (publ)

For additional information please contact:
SSAB's President, Anders Ullberg, telephone +46 8-45 45 700
Industrivärden's Executive Vice President, Lennart Engström,
telephone +46 8-666 64 00