Sandvik's buy-back of own shares

Sandvik's current holding of own shares amounted at 11 January to 7,947,000 shares, corresponding to 3.07% of the total number of shares (258,697,100).

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, 14 January 2002

Sandvik AB; (publ)