News from the Group

Lars Östholm, Executive Vice President of Sandvik AB, will retire on 31 January 1997.

Through its wholly owned subsidiary Sandvik Invest AB, Sweden, has acquired an additional 9 million shares in Oy Tampella Ab.

Sandvik Invest AB, a wholly owned subsidiary of Sandvik AB, Sandviken, Sweden, has acquired an additional 20,150,173 shares in Oy Tampella Ab, Finland, corresponding to 15.1% of the total number of shares in Tampella.

Sandvik has acquired the remaining 50% of the shares in Sandvik Villares Wire Ltda in Brazil from its partner Acos Villares.