Tibnor sells its Industrial Supplies Group

6/12/2001 4:26 AM EST

Tibnor, 85 % owned subsidiary of SSAB, has come to an agreement that by
1 June 2001 Tibnor sells its Industrial Supplies Group to the Swedish
company Ahlsell.

Total sales of the Industrial Supplies Group during 2000 amounted to
fully SEK 1,300 million with a profit after financial items of SEK 36
million.

The transaction leads to a capital gain improving the profit after
financial items for the SSAB Group by slightly more than SEK 100
million. The net debt of the SSAB Group is reduced by some SEK 400
million.

A condition for the transaction is the approval by the Swedish
Competition Authority.

For more information please contact Sven Bergman, CEO Tibnor, telephone
+46 8 702 42 70.