Third quarter 2004

Report for the First Three Quarters of 2004

·Sales during the first three quarters increased by 21% and amounted to SEK 17,906 (14,788) million. Higher prices accounted for 11 and higher volumes for 10 percentage points.

·Profit for the quarter after financial items amounted to SEK 961 (101) million. Profit for the first three quarters thus increased by SEK 1,765 million to SEK 2,646 (881) million. Profit after tax increased to SEK 1,845 (593) million, equal to earnings per share of SEK 18.30 (5.90).

·Cash flow for the first three quarters, before dividend, amounted to SEK 1,594 (226) million.

·Deliveries of extra and ultra high-strength sheet and quenched steels increased during the third quarter by 28% compared with last year and, thus far this year, have increased by 31%.

SSAB Svenskt Stål AB (publ) Telephone 8-45 45 700 Box 26208, SE-100 40 Stockholm Telefax 8-45 45 725 Visiting address: Birger Jarlsgatan 58, E-mail: info@ssab.se Stockholm

About Us

SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has asecondary listing on the Nasdaq OMX in Helsinki. www.ssab.com

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