2008 Annual General Meeting of Shareholders of Sandvik AB

2008 Annual General Meeting of Shareholders of Sandvik AB

Sandvik AB's Annual General Meeting, held in Sandviken on 29 April, approved a
dividend of SEK 4 per share for 2007. The record date for payment of the
dividend was set at Monday, 5 May. The dividend is expected to be sent to
shareholders by VPC on Thursday, 8 May.

In his address, Lars Pettersson, President and CEO, commented on fiscal 2007 and
on the company's performance in the first quarter of 2008. The presentation
included a report on the Group's business concept and future development. With a
strong product portfolio and focused R&D investments, Sandvik offers high
customer value to a global customer base, making it well positioned to continue
its trend of profitable growth. The Group's financial strength enables it to
combine a generous dividend policy and an aggressive growth strategy based on
company acquisitions and investments.

Board of Directors and Auditors
Hanne de Mora, Georg Ehrnrooth, Fredrik Lundberg, Egil Myklebust, Anders Nyrén,
Lars Pettersson and Clas Åke Hedström were re-elected as members of the Board,
with Clas Åke Hedström as Chairman of the Board. Simon Thompson was elected as a
new Board member.

The unions appointed Tomas Kärnström and Jan Kjellgren as members of the Board
and Mette Ramberg and Bo Westin as deputy members of the Board.

KPMG Bohlins AB was elected as the company's auditor. KPMG Bohlins AB appointed
Authorized Public Accountant Caj Nackstad as auditor-in-charge.

Resolution regarding Nomination Committee
The Annual General Meeting resolved that the four largest shareholders known to
the Company shall each appoint one member, and that the Nomination Committee
shall consist of these members plus the Chairman of the Board, who is also the
convener for the Committee. 

Resolution on principles of remuneration and other employment conditions for
Group management
The Annual General Meeting voted to approve the Board's proposal regarding
principles of remuneration, etc., for Group management. 

Statutory meeting of the Board of Directors
A statutory meeting of the Board of Directors was held following the Annual
General Meeting. Anders Nyrén was appointed Deputy Chairman of the Board. Anders
Nyrén, Fredrik Lundberg and Hanne de Mora were appointed members of the Audit
Committee. Clas Åke Hedström, Georg Ehrnroth and Egil Myklebust were appointed
members of the Remuneration Committee. 

Wilhelm Haglund medal
Stefan Roman from Sandvik Coromant was named Product Developer of the Year and
was awarded the Wilhelm Haglund medal for the development of the CoroDrill 880
short-hole drill, which has become a major commercial success and is an example
of how systematic improvement of a product concept strengthens productivity.
Leif Widin and Klas Tübinger received an honorable mention for their
contributions to the development of the CoroMill 880.

Sandvik AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act. The information was submitted for publication at
19:00 p.m. on 29 April 2008.

Sandviken, 29 April 2008

Sandvik AB; (publ)