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New Chief Counsel for Sandvik AB

Senior Vice President Malcolm Falkman, Chief Counsel for Sandvik AB and head of the Legal Affairs Group Staff, has announced his desire to exercise his right to early retirement during 2000 and to resign his position at the end of the year.

Effective 1 October 2000, Bo Severin, who has been employed as a corporate lawyer within the Legal Affairs Group Staff since 1988, is appointed as new Chief Counsel. Concurrently, he becomes Vice President and head of Legal Affairs.

Sandviken, 20 June 2000

Sandvik AB; (publ)