Sandvik

Prospectus • Oct 3, 2013

Final Terms dated 27 September 2013

SANDVIK AB (PUBL)

Issue of EUR 40,000,000 3.960 per cent Fixed Rate Notes due 3 October 2033

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 17 July 2013 which constitutes a base prospectus (the "Base Prospectus") for the purposes of Directive 2003/71/EC, as amended (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 and must be read in conjunction with the 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 has been published on http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.

1.	(i)	Issuer:	Sandvik AB (publ)
2.	(i)	Series Number:	EMTN13
	(ii)	Tranche Number:	1
3.		Specified Currency or Currencies:	Euro ("EUR")
4.	Aggregate Nominal Amount:
	(i)	Series:	EUR 40,000,000
	(ii)	Tranche:	EUR 40,000,000
5.	Issue Price:		100 per cent. of the Aggregate Nominal Amount
6.	(i)	Specified Denominations:	EUR 100,000
	(ii)	Calculation Amount:	EUR 100,000
7.	(i)	Issue Date:	3 October 2013
	(ii)	Interest Commencement Date:	Issue Date
8.	Maturity Date:		3 October 2033
9.	Interest Basis:		3.960 per cent. Fixed Rate
10.	Redemption/Payment Basis:		Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at the Final Redemption Amount.
11.	Put/Call Options:		Not Applicable
12.	Sandvik AB Guarantee		Not Applicable
		PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

1. Fixed Rate Note Provisions Applicable

	(i)	Rate of Interest:	3,960 per cent. per annum payable in arrear on each Interest Payment Date
	(ii)	Interest Payment Date(s):	3 October in each year, not adjusted
	(iii)	Fixed Coupon Amount:	EUR 3,960 per Calculation Amount
	(iv)	Broken Amount(s):	Not Applicable
	(v)	Day Count Fraction:	Actual/Actual (ICMA)
	(vi)	Determination Dates:	3 October in each year
14.	Floating Rate Note Provisions		Not Applicable

1. Zero Coupon Note Provisions Not Applicable

PROVISIONS RELATING TO REDEMPTION

16.	Call Option	Not Applicable
17.	Put Option	Not Applicable
18.	Final Redemption Amount of each Note	EUR 100,000 per Calculation Amount
19.	Early Redemption Amount
	Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption:	EUR 100,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES

20.	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
21.	New Global Note:	Yes
22.	Additional Financial Centre(s) or other special provisions relating to payment dates:	London and Stockholm
23.	Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):	No.

THIRD PARTY INFORMATION

The Issuer confirms that such information has been accurately reproduced and that, so far as it is aware, no facts have been omitted which would render the reproduced information inaccurate or misleading.

Signed on behalf of Sangvijk AB (publ):

ever By: .....

Duly authorised

ANDERS ÖRBOM

$B_0$ Sevenin

$\bar{z}$

PART B-OTHER INFORMATION

$\mathbf{L}$ LISTING AND ADMISSION TO TRADING

Listing and 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's regulated market and listing on the Official list of the UK Listing Authority with effect from or about the Issue Date. Estimate of total expenses related to GBP 1.750 admission to trading: RATINGS

Ratings:

$\overline{2}$ .

The Notes to be issued have been rated:

Standard & Poor's Credit Market Services Europe Limited: BBB

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

Not Applicable

$4.$ Fixed Rate Notes only - YIELD

Indication of yield:

3.960 per cent.

The yield is calculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

5. OPERATIONAL INFORMATION

ISIN: $(i)$ XS0974440991 $(ii)$ Common Code: 097444099 Any clearing system(s) other than $(iii)$ Not Applicable Euroclear Bank SA/NV and Clearstream Banking, société anonyme and the relevant identification number(s): $(iv)$ Delivery: Delivery against payment $(vi)$ Names and addresses of additional Not Applicable Paying Agent(s) (if any): $(vii)$ Name of Swedish Issuing and Not Applicable Paying Agent (if any): $(viii)$ New Global Note intended to be held in a manner which would allow Eurosystem eligibility:

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.

6. DISTRIBUTION

U.S. Selling Restrictions:

Reg. S Compliance 2

TEFRA D