Sandvik

Prospectus • Dec 13, 2012

Final Terms dated 11 December 2012

SANDVIK AB (PUBL)

Issue of EUR 48,000,000 4.00 per cent. Notes due September 2032

(to be consolidated and form a single series with the existing EUR 25,000,000 4.00 per cent. Notes due September 2032, issued on 20 September 2012)

under the €3,000,000,000 Euro Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the base prospectus dated 22 December 2011 which constitutes a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive. These Final Terms contain the final terms of the Notes and must be read in conjunction with such Base Prospectus.

Full information on the Issuer and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing during normal business hours at the office of the Fiscal Agent at the Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom.

1.	(i)	Issuer:	Sandvik AB (publ)
2.	(i)	Series Number:	10
	(ii)	Tranche Number:	$\overline{2}$
3.	Specified Currency or Currencies:		Euro ("EUR")
4.	Aggregate Nominal Amount:
	(i)	Series:	EUR 73,000,000
	(ii)	Tranche:	EUR 48,000,000
5.	Issue Price:		99.986 per cent. of the Aggregate Nominal Amount plus 83 days accrued interest
6.	(i)	Specified Denominations:	EUR 100,000 and integral multiples of EUR 100,000 in excess thereof
	(ii)	Calculation Amount:	EUR 100,000
7.	(i)	Issue Date:	12 December 2012
	(ii)	Interest Commencement Date:	20 September 2012
8.	Maturity Date:		20 September 2032
9. 10. 11.	Interest Basis: Redemption/Payment Basis: Change of Interest or Redemption/Payment Basis:		4.00 per cent. Fixed Rate Redemption at par Not Applicable
12. 13.	(i)	Put/Call Options: Status of the Notes:	Not Applicable Senior

Method of distribution: $14.$

Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15.	(i)	Fixed Rate Note Provisions Rate of Interest:	Applicable 4.00 per cent. per annum payable annually in arrears
	(ii)	Interest Payment Date(s):	20 September in each year commencing on and including 20 September 2013 up to and including the Maturity Date, adjusted, for payment only, in accordance with the Modified Following Business Day Convention.
	(iii)	Fixed Coupon Amount:	EUR 4,000 per Calculation Amount
	(iv)	Broken Amount(s):	Not Applicable
	(v)	Day Count Fraction:	Actual/Actual (ICMA)
	(v i )	Determination Dates:	Interest Payment Dates
	(vii)	Other terms relating to the method of calculating interest for Fixed Rate Notes:	Not Applicable
16. 17. 18.	Floating Rate Note Provisions Zero Coupon Note Provisions Index-Linked Interest Note/other variable-linked interest Note Provisions		Not Applicable Not Applicable Not Applicable
19.	Dual Currency Note Provisions PROVISIONS RELATING TO REDEMPTION		Not Applicable
20. 21. 22.	Call Option Put Option Final Redemption Amount of each Note		Not Applicable Not Applicable EUR 100,000 per Calculation Amount
23.		Early Redemption Amount
	Conditions):	Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption and/or the method of calculating the same (if required or if different from that set out in the	Not Applicable
		GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.		Form of Notes:	Bearer Notes:
			Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note
25.		New Global Note:	Yes
26.		Additional Financial Centre(s) or other special provisions relating to	Not Applicable

payment dates:

27.	$mature$ :	Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons	No
28.	Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences (if any) of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:		Not Applicable
29.	Details relating to Instalment Notes: amount of each instalment, date on which each payment is to be made:		Not Applicable
30.	Redenomination, renominalisation and reconventioning provisions:		Not Applicable
31.	Other final terms:		Not Applicable
DISTRIBUTION
32.	(i)	If syndicated, names and addresses of Managers and	Not Applicable
	(ii)	underwriting commitments: Date of Subscription Agreement:	Not Applicable
	(iii)	Stabilising Manager(s) (if any):	Not Applicable
33.	If non-syndicated, name and address of Dealer:		HSBC Bank plc 8 Canada Square London, E14 5HQ
			United Kingdom
34.		U.S. Selling Restrictions:	Reg. S Compliance Category 2
			TEFRAD
35.		Additional selling restrictions:	Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on London Stock Exchange of the Notes described herein pursuant to the €3,000,000,000 Euro Medium Term Note Programme of Sandvik AB $(publ)$ .

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of Sandvik AB (publ):

$B_V \subseteq$ Duly authorised
Olof Famander

Duly authorised
Em ( U) Issen
CFO

PART B - OTHER INFORMATION

Ī. LISTING

$(i)$ Listing London $(ii)$ Admission to trading

Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange with effect from the Issue Date.

$\overline{2}$ . RATINGS

5.

Ratings:

The Notes to be issued have not been rated

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER $3.$

"Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer."

$\overline{4}$ . REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i)	Reasons for the offer	See "Use of Proceeds" wording in Prospectus
(ii)	Estimated net proceeds:	EUR 48,299,802.74
(iii)	Estimated total expenses:	GBP 300
Fixed Rate Notes only - YIELD
Indication of vield:		4.00 per cent.

Calculated as at the Issue Date.

As set out above, the yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

OPERATIONAL INFORMATION 6.

(i)	ISIN Code:
	Permanent ISIN Code:	XS0831425888
	Temporary ISIN Code:	XS0862157053
(ii)	Common Code:
	Permanent Common Code:	083142588
	Temporary Common Code:	086215705
(iii)	Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s):	Not Applicable
(iv)	Delivery:	Delivery against payment
(v)	Names and addresses of initial Paying Agent(s):	Citibank N.A., London Branch 14th Floor, Citigroup Centre Canada Square

Canary Wharf London El4 5LB United Kingdom

• $(v_i)$ Names and addresses of additional Not Applicable Paying Agent(s) (if any):
• $(vii)$ Name of Swedish Issuing and Paying Agent (if any):
• $(viii)$ Intended to be held in a manner which would allow Eurosystem eligibility:

Not Applicable

Yes

Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem either upon issue or at any or all times during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.