Sandvik amends credit facility at improved conditions

Sandvik has completed an amendment of its guaranteed credit facility established
in February 2012 and maturing in 2018. The facility, which is divided into two
currencies comprising 650 million EUR and 5 billion SEK, has been placed at the
disposal of the company by the following banks: Handelsbanken, Nordea and SEB
acting as Coordinating Mandated Lead Arrangers and Bookrunners, in addition to
Bank of Tokyo-Mitsubishi, Barclays, Citi, Danske Bank, Deutsche Bank, Goldman
Sachs, HSBC, J.P. Morgan, Royal Bank of Scotland, Societe Generale, Standard
Chartered and Swedbank.

“I am pleased that we have been able to amend the facility to better reflect
current market standards and reduced borrowing margins. It secures liquidity for
the years ahead while also reconfirming the banks included in our core
relationship bank group,” says Anders Örbom, Group Treasurer, Sandvik AB.

The credit facility comprise Sandvik’s primary liquidity reserve, which is
considered adequate to meet all normal, short-term liquidity requirements.

Stockholm, 20 December 2013

Sandvik Aktiebolag

For further information, please contact Anders Örbom, Group Treasurer, Sandvik
AB tel +46 8 456 13 21 or Magnus Larsson, Vice President Investor Relations,
Sandvik AB, tel: +46 8 456 12 40.

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, with
annual sales of about 99,000 million SEK.