Edited Press Release

STOCKHOLM -(Dow Jones)- SSAB Svenskt Stal Wednesday announced that the acquisition of IPSCO Inc. (NYSE:IPS) was successfully completed for $160 per share. The acquisition has been approved by shareholders, Competition Authorities and the Boards of Directors of both companies.

IPSCO's (NYSE:IPS) former head, David Sutherland, is to go into retirement.

    (END) Dow Jones Newswires   07-19-07 0109   Copyright (c) 2007 Dow Jones & Company, Inc.