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Sandvik Group

Sandvik comments on ruling by Disciplinary Committee

The Disciplinary Committee at the OMX Nordic Exchange Stockholm has ruled that Sandvik AB must be considered to have contravened the listing agreement in conjunction with the divestment of the subsidiary Edmeston AB.

In the ruling, the Committee notes that the transactions concerned relatively limited values and that there is nothing that indicates that they did not benefit the shareholders.

Accordingly, the Disciplinary Committee has imposed a fine on Sandvik AB corresponding to 1 annual fee(s) totaling SEK 3,270,000.

Sandvik has noted the Committee's ruling and will take it into consideration in future activities.

Sandviken 28 April, 2008

Sandvik AB; (publ)