Statement by the nomination committee

Statement by Sandvik AB's Nomination Committee relating to proposed Board of Directors for approval at the 2009 Annual General Meeting

Through Sandvik AB's Chairman of the Board, the Nomination Committee has obtained information relating to the Board's own evaluation as well as the company's operations, phase of development and other relevant circumstances.

The Nomination Committee discussed the principal requirements that should be imposed on Board members, including the stipulation covering the independence of Board members. The issue of more equal gender distribution on the Board was given special attention. In its review, the Nomination Committee concluded that the Board is well-functioning and that the various Board members represent a broad spectrum of experience and knowledge. Accordingly, the Nomination Committee proposes the reelection of all Board members.

In the opinion of the Nomination Committee, the proposed Board of Directors has the appropriate composition with regard to the company's operations, phase of development and other relevant circumstances, and displays diversity and breadth in terms of the Board member's qualifications, experience and background.