Industrivärden issues options to SSAB's executive management

5/26/2000 6:27 AM EST

SSAB's executive management has stated its intention to purchase call op-
tions in SSAB over a four-year period. This is the second year that op-
tions are being purchased within this program.

In its capacity as a major shareholder in SSAB, Industrivärden has offered
SSAB's management team the opportunity to purchase call options, at market
terms, in 2000. The purpose of the offer is to encourage the management's
participation in and commitment to the company.

A total of 28,950 call options have been purchased, of which 9,000 by CEO
Torsten Sandin and a combined total of 19,950 by the other four members of
the management team. Each option entitles the holder to purchase one share
of SSAB's Class A stock at an exercise price of SEK 146 during the period
May 25, 2000 - May 31, 2005. Handelsbanken Investment Banking has deter-
mined a market price for the options, which has been set at SEK 15.20 per
option.

Stockholm, May 26, 2000

SSAB SVENSKT STÅL AB (publ)AB INDUSTRIVÄRDEN (publ)

For further information, please contact:
Industrivärden's CEO, Clas Reuterskiöld, phone. +46-8-666 64 00
SSAB's Vice President, Anders Ullberg, phone. +46-8-45 45 700