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Sandvik signs syndicated loan facility

Sandvik AB and Sandvik Treasury AB (publ) have signed a seven-year EUR 1,000 million Syndicated Revolving Credit Facility maturing 2013.

The proceeds of the facility will be used for general corporate purposes and to refinance the existing EUR 1,000 million Revolving Credit Facility maturing in 2009.

MLA's and bookrunners for the transaction were Citigroup Global Markets Limited, HSBC Bank plc, SEB Merchant Banking, Skandinaviska Enskilda Banken AB (publ) and Handelsbanken Markets, Svenska Handelsbanken AB (publ). SEB was acting as the Documentation Agent and Handelsbanken acting as the Facility Agent and Swingline Agent.

A very successful syndication resulted in a bank group of 10 banks. These banks, together with the Mandated Lead Arrangers will form Sandvik's core relationship bank group going forward.

Sandviken, 23 May 2006

Sandvik AB; (publ)