The Board of Directors' of Sandvik Aktiebolag proposal for a resolution on a change in the Articles of Association

This is a translation of the Swedish original. In case of differences between the English translation and the Swedish original, the Swedish text shall prevail.

In view of the relocation of the head office of Sandvik Aktiebolag from Sandviken to Stockholm, the Board of Directors proposes that the General Meeting resolve to change the Articles of Association as follows.

Current wording
§ 3
The registered office of the Board is in Sandviken.

Proposed changed wording
§ 3
The registered office of the Board is in Stockholm.

Sandviken, November 2011
Sandvik Aktiebolag (publ)
The Board of Directors