Sandvik

Share Issue/Capital Change • Dec 12, 2011

The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish law, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa.

Sandvik has held an Extraordinary General Meeting and completes the offer to the minority shareholders of Seco Tools

At today's Extraordinary General Meeting of Sandvik, it was resolved to authorize the Board of Directors to issue new shares. Consequently, the condition for the public offer to the minority shareholders of Seco Tools is satisfied and the offer will be completed. The General Meeting also resolved to change the registered office of the Board of Directors from Sandviken to Stockholm.

The Extraordinary General Meeting resolved, in accordance with the Board of Directors' proposal, to authorize the Board of Directors to resolve, on one or more occasions until 31 March 2012, to issue no more than 69,195,888 new shares in the company as consideration for Sandvik's acquisition of shares in Seco Tools AB under the public offer announced on 7 November 2011. The authorization is thus limited to issues of shares against contribution in kind of Seco Tools shares. The General Meeting also resolved, in accordance with the Board of Directors' proposal, that the Articles of Association be changed to the effect that the registered office of the Board be changed from Sandviken to Stockholm.

As a result of the General Meeting's resolution on an authorization for the Board of Director to issue shares, the condition for the public offer to the minority shareholders of Seco Tools is satisfied and the offer will be completed.

Sandviken, 12 December 2011

Sandvik Aktiebolag (publ)

Sandvik AB discloses the information in this press release pursuant to the Swedish Securities Market Act (SFS 2007:528) and NASDAQ OMX Stockholm's Rules concerning Takeover Bids on the Stock Market. The information was submitted for publication at 14.45 CET on 12 December 2011.

For further information, please contact Anders Wallin, Vice President Group Communications, Sandvik AB, tel +46 26 26 09 20, or Magnus Larsson, Investor Relations, Sandvik AB +46 26 26 09 37.

-------------------------------------------------------------------------------------------------------------------------------------------------- The Sandvik Group

Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2010, the Group had about 47,000 employees and representation in 130 countries, with annual sales of nearly 83,000 MSEK.

For more information visit www.sandvik.com

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