Sandvik completes establishment of a coal mining equipment joint venture in China

Sandvik completes establishment of a coal mining equipment joint venture
in China

Sandvik announced on 29 April 2011 an agreement with Shandong Energy
Machinery Co. in Xintai, Shandong Province, China to form a 50/50 owned
joint venture for the production and sales of coal mining equipment. The
joint venture will focus on assembly, sales and service of high
performing roadheaders for the Chinese underground coal market.

The joint venture Shandong Energy Machinery Group ZhongRui Mining
Equipment Manufacturing Co. Ltd was legally established on 12 October
2011 and the work to make the joint venture operational in the beginning
of 2012 has started.

From 1 January 2012, the joint venture will be a part of the new
business area Sandvik Mining to be in line with the new Sandvik strategy
announced on 2 September 2011.

Sandviken, 17 October 2011

Sandvik Aktiebolag (publ)

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 08.30 CET on 17 October 2011.

For further information contact Gary Hughes, President Underground
Mining Segment, Sandvik Mining and Construction, tel +358 405 264 000 or
Jan Lissåker, Vice President Investor Relations, Sandvik AB, tel +46 26
26 10 23.