News from the Group

Sandvik AB held its Annual General Meeting on 2 May 2012 in Sandviken.

The shareholders in Sandvik Aktiebolag are convened to the Annual General Meeting to be held on Wednesday, 2 May 2012 at 5:00 p.m. at Göransson Arena, Sätragatan 15, Sandviken, Sweden.

The Nomination Committee of Sandvik AB proposes as Board members the election of a new Board member Jürgen M Geissinger and the reelection of Olof Faxander, Johan Karlström, Fredrik Lundberg, Hanne de Mora, Anders Nyrén, Simon Thompson and Lars Westerberg. Anders Nyrén is proposed as Chairman of the Board.

The Board of Directors of Sandvik AB proposes that the Annual General Meeting resolve on a long-term incentive program for 2012 (LTI 2012) encompassing approximately 350 senior executives and key individuals within the Group, on substantially the same terms and conditions as the 2011 long-term incentive program.

At Sandvik AB's Annual General Meeting on 4 May 2010, it was resolved that the company shall have a Nomination Committee comprising one representative for each of the four principal shareholders, together with the Chairman of the Board (convenor).