Sandvik AB – Nomination Committee for the 2013 Annual General Meeting

At Sandvik AB’s Annual General Meeting on 2 May 2012, it was resolved that the
company shall have a Nomination Committee comprising one representative for each
of the four principal shareholders in terms of votes, together with the Chairman
of the Board (convenor). In addition, the Nomination Committee has the
possibility to call in one co-opted member to the Nomination Committee from the
Board members if required. At the time of the formation of the Nomination
Committee, the ownership conditions shall determine which shareholders are the
principal shareholders in terms of votes based on the information received from
Euroclear Sweden AB on the last banking day in August, whereby a group of
shareholders shall be considered as one owner if they have been organized as a
group in the Euroclear system. The composition of the Nomination Committee shall
be announced publicly as soon as it has been appointed. The Chairman of the
Nomination Committee shall be the member representing the largest shareholder in
terms of votes. The term of the Nomination Committee extends until the next
Nomination Committee has been appointed.

The Nomination Committee shall prepare proposals for the 2013 Annual General
Meeting regarding the Chairman of the Meeting, the number of Board members, fees
to be paid to each of the Board members, the election of Board members and Board
Chairman and, if necessary, proposal of changes in the instruction to the
Nomination Committee.

The Nomination Committee has now been appointed and comprises the following
members:

Anders Nyberg, AB Industrivärden, Chairman of the Nomination Committee

Håkan Sandberg, Handelsbanken’s Pension Foundation and Pension Fund

Kaj Thorén, Alecta

Marianne Nilsson, Swedbank Robur Funds

Anders Nyrén, Sandvik’s Chairman of the Board

Shareholders who wish to present proposals to the Nomination Committee for the
2013 Annual General Meeting can submit them to the Nomination Committee’s
secretary Bo Severin (Sandvik’s General Counsel) by post:

Sandvik AB, Attn: Bo Severin, P.O. Box 510, SE-101 30 Stockholm, Sweden, or by e
-mail: bo.severin@sandvik.com. In order for the Nomination Committee to be able
to consider submitted proposals in a constructive manner, these should be
submitted by 31 December 2012, at the latest.

Sandviken, 8 October 2012

Sandvik Aktiebolag