Sandvik's buy-back of own shares

Sandvik's current holding of own shares amounted at 20 August to 3,130,000 shares, corresponding to 1.21% of the total number of shares (258,696,000).

In accordance with the decision at the 2001 Annual General Meeting, Sandvik has the possibility of repurchasing a total of 12,934,800 shares, corresponding to 5% of the total number of shares.

Sandviken, 21 August 2001

Sandvik AB; (publ)