Sandvik AB – Nomination Committee for the 2014 Annual General Meeting

On 2 May 2012, Sandvik AB’s Annual General Meeting adopted an instruction
regarding the appointment of the Nomination Committee, applicable until the
General Meeting resolves otherwise. Pursuant to this instruction 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 2014 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 AB, Handelsbanken’s Pension Foundation and
Handelsbanken’s Pension Fund
Kaj Thorén, Alecta
Anders Oscarsson, AMF and AMF Fund
Anders Nyrén, Sandvik’s Chairman of the Board

Shareholders who wish to present proposals to the Nomination Committee for the
2014 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 2013, at the latest.

Stockholm, 26 September, 2013
Sandvik AB

For further information, contact Pär Altan, VP External Communication +46 8 456
12 37 or Magnus Larsson, VP Investor Relations, +46 26 456 12 40.

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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.