Sandvik

Prospectus • Apr 10, 2014

Final Terms dated 9 April 2014

SANDVIK AB (PUBL)

Issue of EUR 25,000,000 3.55 per cent. Notes due April 2029

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 and supplement to it dated 4 April 2014 which together constitute 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 such Base Prospectus as so supplemented.

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/marketnews/market-news-home.html.

and the state of

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1.	(i)	Issuer:	Sandvik AB (publ)
$\overline{2}$ .	(i)	Series Number:	15
	(ii)	Tranche Number:	1
3.		Specified Currency or Currencies:	Euro ("EUR")
$\overline{4}$ .	Aggregate Nominal Amount:
	(i)	Series:	EUR 25,000,000
	(ii)	Tranche:	EUR 25,000,000
5.	Issue Price:		100 per cent. of the Aggregate Nominal Amount
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:	11 April 2014
	(ii)	Interest Commencement Date:	Issue Date
8.	Maturity Date:		11 April 2029
9. 10.	Interest Basis: Redemption/Payment Basis:		3.55 per cent. Fixed Rate Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at the Final Redemption Amount.
11. 12.		Put/Call Options: Sandvik AB Guarantee	Not Applicable Not Applicable
DD OUTDIANA DRI AMBLADO CHRISTOP (IS ANALY IVALIA

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

	Fixed Rate Note Provisions	Applicable
	Rate of Interest:	3.55 per cent, per annum payable annually in arrear
		on each Interest Payment Date.

(ii) Interest Payment Date(s): 11 April in each year commencing on and including 11 April 2015 up to and including the Maturity Date, adjusted, for payment only, in accordance with the Following Business Day Convention.

• $(iii)$ Fixed Coupon Amount: EUR 3,550 per Calculation Amount
• $(iv)$ Broken Amount(s): Not Applicable
• $(v)$ Day Count Fraction: Actual/Actual (ICMA)
• $(v_i)$ Determination Dates: Interest Payment Dates

$14.$ Floating Rate Note Provisions Not Applicable $15.$ 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	EUR 100,000 per Calculation Amount
	Note

$19.$ 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

specified in the Permanent Global Note

Yes

No

Not Applicable

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

$21.$ New Global Note:

• $22.$ Additional Financial Centre(s) or other special provisions relating to payment dates:
• 1. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):

THIRD PARTY INFORMATION

Not Applicable

RESPONSIBILITY Bv:

Duly authorised

ANDERS ÖRBOM

Duly authorised MATS BACKMAN

PART B - OTHER INFORMATION

1.		LISTING AND ADMISSION TO TRADING
	(i)	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 marked and listing on the Official list of the UK Listing Authority with effect from the Issue Date.
	(ii)	Estimate of total expenses related to
		admission to trading:	GBP 300
2.	RATINGS
	Ratings:		The Notes to be issued have not been rated
3.		INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
		"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."
4.		Fixed Rate Notes only - YIELD
		Indication of yield:	3.55 per cent. per annum
			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.
5.		OPERATIONAL INFORMATION
	(i)	ISIN Code:	XS1056583385
	(ii)	Common Code:	105658338
	(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
	(vi)	Names and addresses of additional Paying Agent(s) (if any):	Not Applicable
	(vii)	Name of Swedish Issuing and Paying Agent (if any):	Not Applicable

New Global Note intended to be held in a manner $(viii)$ Yes which would allow Eurosystem eligibility:

$6.$ DISTRIBUTION

U.S. Selling Restrictions:

Reg. S Compliance 2

TEFRAD