News from the Group

Sandvik has signed an agreement with the principal owners of WALTER AG covering the acquisition of shares resulting in a controlling interest in the company.

Sandvik's current holding of own shares amounted at 4 September to 4,047,000 shares, corresponding to 1.56% of the total number of shares (258,696,000).

Sandvik's Mining and Construction business are has received several major orders for advanced equipment to underground mines in Chile and Kazakhstan for mining of copper.

In August, following a decision by the Board of Directors, Sandvik established a corporate Pension Fund to meet its pension commitments to salaried employees in Sweden in accordance with the ITP supplementary pension plan.

Sandvik's current holding of own shares amounted at 20 August to 3,130,000 shares, corresponding to 1.21% of the total number of shares (258,696,000).

Sandvik's Mining and Construction business area has concluded an agreement with the US company, Smith International, Inc. of Houston, Texas, regarding the establishment of a jointly owned company for the development, manufacture, marketing and service operations for roller cone bits for the mining and construction industry.

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Sandvik's current holding of own shares amounted at 28 June to 2,286,000 shares, corresponding to 0.88% of the total number of shares (258,696,000).

Sandvik's current holding of own shares amounted at 12 June to 1,125,000 shares, corresponding to 0.43% of the total number of shares (258,696,000).

Sandvik, through its Mining and Construction business area, has reached an agreement with Metso Corporation of Finland covering acquisition of segments of Svedala Industri AB.