Nomination committee for Annual General Meeting on 26 April 2007
At Sandvik AB's Annual General Meeting on 2 May 2006 it was resolved that the Nomination Committee shall comprise five persons. The four largest shareholders shall each appoint a member and they, jointly with the Chairman of the Board, shall comprise the Nomination Committee for the period until the next Annual General Meeting. The Chairman of the Board is the convening authority. The composition of the Nomination Committee prior to the Board election in 2007 shall be announced publicly as soon as it is appointed, however, not later than six months prior to the Annual General Meeting.
The Chairman of the Nomination Committee shall be the member appointed by the largest shareholder. No fees are paid to the members of the Nomination Committee.
The Nomination Committee shall prepare proposals regarding the Chairman of the Meeting, the number of Board members and fees to the Board members and the auditors. In addition, the Nomination Committee shall present proposals regarding the Board members and the Board Chairman as well as proposals regarding how the Nomination Committee shall be selected prior to the 2008 Annual General Meeting and its tasks.
Based on the ownership structure in Sandvik AB at 30 September 2006, the Nomination Committee for the period prior to the 2007 Annual General Meeting comprises the following members:
Carl-Olof By, Industrivärden
Curt Källströmer, Handelsbanken's Pension Foundation and Pension Fund
Staffan Grefbäck, Alecta Pension Insurance
Marianne Nilsson, Robur
Clas Åke Hedström, Sandvik's Board Chairman
Carl-Olof By will be the Nomination Committee Chairman.
Shareholders wishing to present proposals to the Nomination Committee can submit them to the Nomination Committee's secretary, Bo Severin (Sandvik's Chief Counsel), by post to Sandvik AB, Attn: Bo Severin, SE-811 81 Sandviken, Sweden, or by e-mail to: firstname.lastname@example.org.
Sandviken, 16 October 2006
Sandvik AB (publ)
Clas Åke Hedström