Changes to Sandvik´s Group Executive Management

Sandvik is implementing changes to its Group Executive Management and appoints
new Presidents to two of its business areas.

Jonas Gustavsson, currently President of Sandvik Materials Technology, has been
appointed new President of Sandvik Machining Solutions as of 1 February. Jonas
Gustavsson has been with the company since 2008 and previously held senior
positions at ABB and Bombardier. Jonas Gustavsson succeeds Andreas Evertz who
after five years will leave Sandvik to pursue new challenges outside the
company. Sandvik Machining Solutions with around 18 000 employees is a market
leader for products and solutions for primarily metal cutting.

Petra Einarsson has been appointed new President of Sandvik Materials Technology
and member of Sandvik´s Group Executive Management as of 1 February. Petra
Einarsson is currently head of the Tube product area at Sandvik Materials
Technology. Her career with Sandvik spans 22 years. Sandvik Materials Technology
is specialized in advanced products and solutions based on high-alloy metals.

“Jonas Gustavsson and Petra Einarsson have a track record of improved
profitability from Sandvik Materials Technology. Petra Einarsson will leverage
the positive momentum generated at the business area. I wish Andreas Evertz the
best of luck in his future career. Sandvik Machining Solutions has developed a
solid and successful strategy under his leadership. Jonas Gustavsson, with his
proven background as a successful leader, will focus on further developing
Sandvik Machining Solutions and capitalizing on its growth potential”, says
Sandvik´s President and CEO, Olof Faxander.

Stockholm, 29 January, 2013

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 07:45 CET on 29 January 2013.
Jan Lissåker, Executive Vice President Group Communications Sandvik AB +46 8 456
12 28.
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 2012
the Group had about 49,000 employees and representation in 130 countries.