Presentation of proposed board members

Nomination proposal to Board to the 2011 Annual General Meeting

Election of new board members

Olof Faxander, b 1970.
President and Chief Executive Officer of Sandvik AB since 1 February 2011.
Education and business experience: M.Sc. and B.Sc. President and Chief Executive Officer of SSAB 2006-2011, Executive Vice President of Outokumpu Oy.
Current Board assignments: Director of Industrivärden, the Confederation of Swedish Enterprise, the Steel and Metal Employers Association and SSAB AB. Chairman of Jernkontoret (Swedish Steel Producers' Association).
Shareholding in Sandvik (own and closely related persons): 1,000.
Not independent in relation to the company and the management and to the major shareholders in the company.

Johan Karlström, b 1957.
Education and business experience: M.Sc. Eng, KTH, Stockholm, Harvard, Boston, Advances Management Program.
President and Chief Executive Officer since 2008, Executive Vice President of Skanska AB 2001-2008, President and Executive Vice President of BPA (currently Bravida) 1995, various positions within Skanska Sverige 1983-1995.
Current Board assignments: Director of Skanska AB
Shareholding in Sandvik (own and closely related persons): 0.
Independent in relation to the company and the management and to the major shareholders in the company.

Re-election

Anders Nyrén, b. 1954.
Chairman of the Board since 2010.
Director of Sandvik AB since 2002.
Education and business experience: B.Sc. (Econ.), MBA. President and Chief Executive Officer of AB Industrivärden since 2001, Executive Vice President and CFO of Skanska AB 1997–2001, various executive positions within AB Wilhelm Becker, STC Scandinavian Trading Co AB, STC Venture AB, OMInternational AB, Securum AB and Nordbanken 1979–1997.
Current Board assignments: Vice Chairman of Svenska Handelsbanken AB, Director of Ericsson AB, Industrivärden, SCA, SSAB, Volvo and Ernströmgruppen.
Shareholding in Sandvik (own and closely related persons): 4,500.
Not independent in relation to major shareholders in the company. Independent in relation to the company and the management.

Fredrik Lundberg, b. 1951.
Director of Sandvik AB since 2006.
Education and business experience: MSc. Eng., B.Sc. (Econ.), D.Econ Honorary, D.Tech. Honorary. Active in L E Lundbergföretagen AB since 1977 and Chief Executive Officer since 1981.
Current Board assignments: Chairman of the Board of Cardo AB, Holmen AB, Hufvudstaden AB, Vice Chairman of Svenska Handelsbanken AB, Director of LE Lundbergföretagen AB and AB Industrivärden.
Shareholding in Sandvik (own and closely related persons): 5,940,000, via L E Lundbergföretagen AB 23,500,000 and via AB Industrivärden 138,443,752.
Not independent in relation to major shareholders in the company. Independent in relation to the company and the management.

Lars Westerberg, b. 1948.
Director of Sandvik AB since 2010.
Education and business experience: M.Sc. and B.Sc., CEO and President of Autoliv Inc. 1999–2007, Gränges AB 1994–1999 and ESAB 1991–1994. Various positions in ESAB and ASEA from 1972.
Current board assignments: Chairman of the Boards of Autoliv Inc., Husqvarna AB and Vattenfall AB, and Director of SSAB AB and AB Volvo.
Shareholding in Sandvik (own and closely related persons): 12,000.
Independent in relation to the company and the management and to the major shareholders in the company.

Egil Myklebust, b. 1942.
Director of Sandvik AB since 2003.
Education and business experience: LLB. Chief Executive Officer of Norsk Hydro 1991–2001, President of Confederation of Norwegian Enterprise 1989– 1990, President of Norsk Arbeidsgivareforening 1987–1988, various positions within Norsk Hydro 1971–1987. Consultant to the National Insurance Administration 1968–1971.
Current Board assignments: —
Shareholding in Sandvik (own and closely related persons): 10,000.
Independent in relation to the company and the management and to the major shareholders in the company.

Hanne de Mora, b. 1960.
Director of Sandvik AB since 2006.
Education and business experience: B.Sc. (Econ.), MBA, IESE, Barcelona. One of the founders and owners, also Chairman of the Board of the management company a-connect (group) ag since 2002, partner in McKinsey & Company Inc. 1989–2002, various positions within brand management and controlling within Procter & Gamble 1986–1989.
Current Board assignments: AB Volvo
Shareholding in Sandvik (own and closely related persons): 0.
Independent in relation to the company and the management and to the major shareholders in the company.

Simon Thompson, b. 1959.
Director of Sandvik AB since 2008.
Education and business experience: MA Geology. Various positions with Anglo American Group 1995–2007 including director of Anglo American plc 2005–2007, Director of AngloGold Ashanti 2004–2008, Chairman of Tarmac 2004–2007, Director of SG Warburg 1994–1995, NM Rothschild & Sons Ltd. 1984–1995.
Current Board assignments: Director of Newmont Mining Corporation and AMEC plc.
Shareholding in Sandvik (own and closely related persons): 0.
Independent in relation to the company and the management and to the major shareholders in the company.

Information regarding board assignments and holdings of shares is as of 1 January 2011.