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Sandvik Group

New President of Sandvik Hard Materials

Tom Erixon has been appointed President of Sandvik Hard Materials and a member of the Sandvik Tooling Management Team as of 1 October, 2003.

Sven Flodmark resumes from the same date a new position in business development for Sandvik Tooling and remains a member of the Sandvik Tooling Management Team.

Peter Larson will assume the responsibility as CIO parallel to his tasks as CFO. He will thereby become chairman of the board of Sandvik Systems Development and Sandvik Information Technology.

Sandviken, 10 September 2003