Mikael Nyquist New President of Tibnor

9/13/2002 4:49 AM EST

Mikael Nyquist has been appointed new President of Tibnor with effect
from
1 January, 2003. He replaces Sven Bergman who has been President of
Tibnor
since 1988 and will retire in 2003.

Mikael Nyquist is today President of Plannja , the building sheet
company of the SSAB Group. Mikael Nyquist, born in 1963, is Master of
Engineering, graduate from The Royal Institute of Technology in
Stockholm. Before his position at Plannja he has been Manager of
Marketing and Sales at SSAB Tunnplåt and President of the Swedish
Institute of Steel Construction. New President pro tem of Plannja from 1
January 2003 is Jan Hedlund, today Manager of Administration at Plannja.

- Under the management of Sven Bergman Tibnor has had the benefit of
developing very successfully, says Anders Ullberg, President and CEO of
the SSAB Group in a comment. We are now very pleased that Mikael Nyquist
accepts to take over as president of Tibnor, Anders Ullberg continues.
Mikael Nyquist has done a very good job as President of Plannja, today
the most profitable company within the SSAB Group. During his years with
SSAB he has also acquired a solid knowledge of steel and steel trade and
last but not least the building industry that is of great importance for
Tibnor.

Tibnor is the leading Swedish steel trading company with a range of
commercial steels, special steels, pipes and stainless steels. Metals
and building-related products supplement the product range. The Tibnor
sales in 2001 amounted to
SEK billions 6,5. Tibnor has 1 200 employees. 85% of Tibnor is owned by
SSAB.