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Sandvik Group

Sandvik acquires additional shares in Kanthal

During the period 10 April through 20 May 1996, Sandvik Invest AB, a wholly owned subsidiary of Sandvik AB, has acquired an additional 115,785 B shares in Kanthal AB.

Accordingly, Sandvik Invest AB's holding of shares in Kanthal AB amounts to 1,260,685, representing 10.2% of the total number of shares with 5.4% of the total number of votes in Kanthal after giving effect to the exercise of all warrants. The holding of shares in Kanthal represents 11.3% of the total number of shares and 8.0% of the total number of votes before giving effect to the exercise of all warrants.

Sandviken, 21 May 1996

Sandvik Invest AB
Sandvik AB