Sandvik Group appoints new General Counsel and new President of Sandvik Mining

Åsa Thunman has been appointed Executive Vice President and General Counsel of
Sandvik. Scot Smith has been appointed President of Sandvik Mining. Both will be
included as new members of Group Executive Management.
Åsa Thunman is currently Senior Vice President General Counsel of Securitas AB,
a role she has held since 2011 having joined the company in 2009. Prior to
Securitas, she held senior positions at Elekta AB, one of which as General
Counsel. She also has extensive experience from private practice at one of
Sweden’s major law firms. In addition to her position at Securitas, Åsa Thunman
is a member of the Board of Directors of the Scania Group. Åsa Thunman will
succeed Bo Severin no later than 1 October 2014. Bo Severin will take on a role
as Group Senior Advisor at Sandvik.

Scot Smith is currently President of the Sulzer Pumps Division. His previous
position was Head of the Weir Group’s mining division, a post he held for 11
years. Prior to this, his career included senior positions with Schefenacker,
Britax Vision Systems, General Motors and the Van Dresser Corporation. Scot
Smith will join Sandvik at a date that will be communicated later.

Gary Hughes, President of Sandvik Mining, will assume the position as Head of
Sales and Marketing for the same business area. In his new role, he will use his
extensive experience to maintain a dedicated focus on further strengthening
Sandvik’s customer relations.

“Gary Hughes has contributed substantially to our mining operations during
difficult times, providing Scot Smith with an excellent platform to develop our
business even further. Scot Smith will strengthen the Sandvik Mining management
team, while Gary Hughes will make a great contribution to the team in his new
role focusing on sales and marketing,” says Olof Faxander, President and CEO of
Sandvik.

“Both Åsa Thunman and Scot Smith have extensive experience from relevant
industries and companies. With their backgrounds, they are highly suited to the
task of bringing forward our legal function and mining business, respectively,”
says Olof Faxander, who expressed his gratitude to Bo Severin for his valuable
contributions as General Counsel, a position he has held since 2000, and for
initiating further improvements within corporate global legal processes.

Effective today, Sandvik will incorporate ZZ Zhang, Executive Vice President and
Head of Emerging Markets and Olle Wijk, Executive Vice President and Head of
Group R&D, into Group Executive Management. Up to now, they have served as
members of Sandvik’s Extended Group Executive Management.

“Bringing R&D and a member representing emerging markets into Group Executive
Management will further strengthen Sandvik in our continued pursuit to set the
industry standard,” says Olof Faxander.

Stockholm, 25 April 2014

Sandvik AB

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 08.15 CET on 25 April, 2014.
For further information, contact Pär Altan, Vice President External
Communication, +46 8 456 12 37, or Jessica Alm, Executive Vice President Group
Communication, +46 8 456 12 88.
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 2013
the Group had about 47,000 employees and representation in 130 countries, with
annual sales of about 84,000 million SEK.