Correction: Annual General Meeting of Seco Tools AB

Correction: Annual General Meeting of Seco Tools AB

The shareholders in Seco Tools Aktiebolag are hereby invited to attend the
Annual General Meeting at 11:30 a.m. on Tuesday, 29 April 2008, at Folkets Hus
in Fagersta, Sweden. 

RIGHT OF PARTICIPATION

To participate in the Meeting, shareholders must be recorded in the share
register maintained by VPC AB (the Nordic Central Securities Depository) no
later than Wednesday, 23 April 2008. In order to be entitled to participate in
the Meeting, shareholders whose shares are registered in the name of a trustee
must temporarily re-register the shares in their own name with VPC AB in good
time prior to Wednesday, 23 April 2008, when such registration must be
completed. Note that this procedure also applies to shareholders who use bank
custody accounts and/or who trade via the Internet.

NOTICE OF PARTICIPATION

Shareholders who wish to participate in the Meeting must notify the company by
writing to Seco Tools AB, Ekonomi, SE-737 82 Fagersta, Sweden, by telephone +46
(0)223-401 01 weekdays 9:00 a.m.-12:00 p.m. and 1:00-4:00 p.m., by fax +46
(0)223-402 00 or by Internet via Seco Tools' website
(www.secotools.com/notification). Notification must be received by Seco Tools AB
no later than Wednesday, 23 April 2008. 

When registering, shareholders must provide their name, personal identity or
corporate registration number, address, telephone number and the names of any
assistants. If the shareholder intends to participate through a proxy, a form of
proxy must be submitted in good time prior to the Meeting. Proxy forms can be
downloaded from the company's website (www.secotools.com/proxy).

AGENDA 

1. Opening of the Meeting.

2. Election of the Chairman of the Meeting.

3. Drawing up and approval of the voting list.

4. Election of minutes-checkers.

5. Approval of the Agenda.

6. Determination of whether the Meeting has been duly convened. 

7. Address by the President.

8. Presentation of the annual report, the audit report, the consolidated
financial 
statements and consolidated audit report.

9. Decision regarding adoption of the income statements and balance sheets of
the Parent Company and the Group.

10. Decision regarding discharge from liability for the members of the Board of
Directors and the President.

11. Decision regarding appropriation of the Company's profits according to the
adopted balance sheet and decision on the record date for dividends.

12. Decision regarding the number of Board members and deputies, and decision
regarding the number of auditors .

13. Decision regarding fees to be paid to the Board of Directors and auditors.

14. Election of Board members and the Board Chairman.

15. Election of auditors.

16. Decision regarding the proposed Nominating Committee, etc., ahead of the
2009 Annual General Meeting.

17. Decision regarding the Board's proposed principles for remuneration and
other terms of employment for senior executives.

18. Adjournment of the Meeting.

PROPOSALS FOR DECISION 

Item 11 - Dividend and record date

The Board proposes a regular dividend of SEK 4.20 per share and an extra
dividend of SEK 2.00 per share. The proposed record date is Monday, 5 May 2008.
If the Meeting approves this proposal, dividend will be disbursed by VPC on
Thursday, 8 May 2008.

Items 2, 12-15 - Decisions regarding Chairman of the Annual General Meeting,
number of Board members, fees to the Board and Auditors and election of Board
members and auditors

The Nominating Committee consists of committee chairman Lars Pettersson (Sandvik
AB), Ramsay J. Brufer (Alecta), Jan-Erik Erenius (AMF Pension), Marianne Nilsson
(Swedbank Robur) and the Board Chairman Anders Ilstam. 

The Nominating Committee proposes the following:

Item 2: Election of Board Chairman Anders Ilstam as Chairman of the Annual
General Meeting.

Item 12: Eight regular Board members, no deputies and two auditors.

Item 13:	Payment of total Board fees of SEK 1,800,000, of which SEK 450,000 to
the Chairman and SEK 225,000 to each Board member not employed by the Company.
It is also proposed that total fees of SEK 220,000 be paid for work in the Audit
Committee, of which SEK 100,000 to the chairman of the Audit Committee and SEK
60,000 to each of the other members. It is further proposed that fees to the
auditors be paid according to current account.

Item 14: Re-election of Board members Annika Bäremo, Stefan Erneholm, Jan-Erik
Forsgren, Anders Ilstam, Staffan Jufors, Carl-Erik Ridderstråle and Kai Wärn,
and election of Peter Larson.

Re-election of Anders Ilstam as Chairman of the Board.

One Board member, Carina Malmgren Heander, had announced that she will leave her
seat on the Board. Following discussion of the qualifications for the new Board
member and after completing interviews, the Nominating Committee proposes
election of Peter Larson, Executive Vice President and Head of Human Resources
of Sandvik AB.

Item 15:	Re-election of the auduting firms of Öhrlings PricewaterhouseCoopers
and KPMG Bohlins AB to serve until the 2011 AGM, i.e for a period of three
years. 

Item 16 - Decision regarding the proposed Nominating Committee, etc., ahead of
the 2009 Annual General Meeting

The Nominating Committee proposes the following:

The Nominating Committee shall consist of one representative for each of the
four largest shareholders in terms of voting power together with the Board
Chairman (convener). When appointing the Nominating Committee, the largest
shareholders shall be determined on the basis of information from VPC AB (the
Nordic Central Securities Depository) on the last banking day in August 2008.
The composition of the Nominating Committee shall be announced as soon as it has
been appointed. The chairman of the Nominating Committee shall be the member
representing the largest shareholder in terms of voting power. The Nominating
Committee shall serve until the next Nominating Committee has been appointed. 

The tasks of the Nominating Committee are to make recommendations regarding
election of chairman of the Annual General Meeting, the number of Board members,
fees to Board members and auditors, election of Board members and the Board
Chairman and recommendations for the appointment and responsibilities of the
Nominating Committee ahead of the 2010 Annual General Meeting. 

In the event that a member leaves the Nominating Committee before completing
his/her assignment, a replacement may be appointed by the same shareholder if
deemed necessary. 

In the event that a shareholder who has appointed a member to the Nominating
Committee has significantly reduced its holding in the Company, such member may
resign and a representative for the shareholder next in order of size be given
the opportunity to replace this member if deemed necessary by the Nominating
Committee. If ownership conditions should otherwise change significantly before
the Nominating Committee has fulfilled its duties, it shall be possible to
change the composition of the Committee, if the Committee so decides and in a
manner deemed appropriate by the Committee. 

The Company shall provide reasonable compensation for cost incurred in
connection with the performance of the Nominating Committee's duties. No fees
shall be paid to the members of the Nominating Committee.

Item 17 -  Decision regarding the Board's proposed principles for remuneration
to senior executives

The proposal is designed to ensure that the Company can offer a globally
market-based level of compensation that enables Seco Tools to attract and retain
qualified staff for its executive management. 

The total remuneration package consists of fixed salary and variable salary made
up of one annual and one long-term component, as well as pension benefits and
other customary benefits. Fixed salary, which is individual and differentiated
on the basis of responsibilities and performance, is set according to
market-based principles and is subject to yearly review. The variable component
is based on the attainment of perdetermined performance targets that are related
to the Company's earnings trend and attainment of other key objectives. For the
executive management, the yearly variable portion may not exceed 30-60 per cent
of fixed salary and the long-term variable portion may not exceed 20-40 per cent
of fixed salary.

Pension benefits for members of the executive management consist of a basic
component comprising the ITP plan with a contractual retirement age of 65 years.
In addition, a supplementary premium-based pension may be payable between the
ages of 60 and 65 years for the President and between 62 and 65 years for other
members of the executive management. Termination benefits are payable in the
event of termination of employment on the part of Seco Tools, provided that
dismissal is not due to criminal negligence. Any income from employment is
deducted from the termination benefits, which correspond to between 12 and 18
monthly salaries for individuals under the age of 55 years and between 18 and 24
monthly salaries for individuals over the age of 55 years.

The Board shall have the right to deviate from the guidelines adopted by the
Annual General Meeting when there is special reason in an individual case. The
senior executives covered by the proposal include the President and the other
members of the Group Executive Management.

SHARES AND VOTES

The company has a total of 145,467,690 shares, consisting of 43,500,000 class A
shares (10 votes) and 101 967 690 class B shares (1 vote) for a combined total
of 536,967,690 votes. 

DOCUMENTS

The annual report, audit report, the Board of Directors' complete proposals for
decision regarding items 14 and 17 will be available two weeks prior to the
Meeting at Seco Tools AB and on the Company's website (www.secotools.com). These
documents will be sent free of charge to those shareholders who so request.

Fagersta, Sweden, March 2008

SECO TOOLS AB; (publ)

The Board of Directors