Sandvik announces a recommended public offer to the minority shareholders of Seco Tools

Sandvik announces a recommended public offer to the minority
shareholders of Seco Tools

This press release may not be published or distributed, directly or
indirectly, to or within jurisdictions where the publication or the
distribution would not comply with laws and regulations in such
jurisdictions, including the United States, Australia, Hong Kong, Japan,
Canada, New Zealand or South Africa. The Offer is not being made to (and
acceptances will not be accepted from) persons in or from jurisdictions
where the announcement of the Offer or approval of acceptances of the
Offer would require further documentation, filings or other measures in
addition to those required by Swedish law.

This press release has been published in Swedish and English. In the
event of any discrepancy in content between the language versions, the
Swedish version shall prevail.

Sandvik AB (”Sandvik”) today announces a recommended public offer to
acquire all remaining shares in its subsidiary Seco Tools AB (“Seco
Tools”), one of the world's largest manufacturers of innovative
metal-cutting tools (the “Offer”). For each class B share in Seco Tools,
Sandvik offers 1.2 shares in Sandvik. The Offer is part of Sandvik's
strategy to continue to strengthen its world-leading position within the
new business area Sandvik Machining Solutions. The Offer is recommended
by the Board of Directors of Seco Tools. Further, Alecta Pension
Insurance and Swedbank Robur Funds, major shareholders of both Seco
Tools and Sandvik, are positive towards the Offer.

Please click on the following link to see the full press release:

http://info.sandvik.com/en/?p=63 (http://info.sandvik.com/en/?p=63) 

Sandviken, 7 November 2011
Sandvik Aktiebolag (publ)

The information was submitted for publication at 8:00 CET on 7 November
2011.
For further information, contact Jan Lissåker, Vice President Investor
Relations, +46 26 26 10 23 or Anders Thelin, President business area
Sandvik Tooling, +46 26 26 63 82.