Changes in Sandvik’s Group Executive Management

Anders Thelin, member of Group Executive Management, President of the Sandvik
Venture business area and with overall responsibly for the Group’s research and
development activities, will leave his position and retire according to the
current agreement. He will leave the Sandvik Group on 31 October 2012.

Tomas Nordahl, member of Group Executive Management and Head of IT, sourcing and
strategy, has been appointed the new President of Sandvik Venture effective 1
November 2012. Tomas will retain his current assignments in parallel with the
new area of responsibility.

Olle Wijk, Chairman of Sandvik’s R&D Board and Director of Technology and
Research at the Sandvik Materials Technology business area, will assume overall
responsibility for the Group’s research and development as of
1 November while also retaining his current assignments in the business area. In
conjunction with this, Olle will also become a member of Sandvik’s expanded
Group Executive Management team.

Olle Wijk has a solid background in the research world and in industry.
Following a period as professor at the Royal Institute of Technology (KTH) 1987
-1996, he has held a number of managerial positions in Sandvik and was awarded a
visiting professorship at Shanghai University, China, in 2012.

Olof Faxander, President and CEO of Sandvik, made the following comments on the
change:

“With his extensive expertise and proven ability to successfully pursue change
projects and structural issues, Tomas Nordahl has the right profile to lead
Sandvik Venture. In a research intensive company like Sandvik I believe that it
is important to have a person with a solid background within research in the
executive management. Olle Wijk is an excellent choice to lead Sandvik’s
strategic research and development.

I would also like to take this opportunity to express my deepest gratitude to
Anders Thelin, who over a period of 35 years has used his strong and committed
leadership skills as the President of various business areas and as a member of
Group Executive Management to make a very tangible contribution to Sandvik’s
successes.”

Sandviken, 31 August 2012
Sandvik Aktiebolag

Sandvik AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at
09.00 CET on 31 August 2012.
For further information, please contact Jan Lissåker, Executive Vice President
Group Communications, Sandvik AB, tel:  +46 26 26 10 23.
The Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas – tools for metal cutting, equipment and tools for
the mining and construction industries, stainless materials, special alloys,
metallic and ceramic resistance materials as well as process systems. In 2011,
the Group had about
50,000 employees and representation in 130 countries, with annual sales of
nearly 94,000 MSEK.

For more information visit www.sandvik.com