Sandvik's Special General Meeting on 18 Dec. 2000

Sandvik's Special General Meeting on 18 December 2000 As previously announced, the Sandvik Board of Directors' proposal regarding the intra-Group transfer of Sandvik Invest AB from Sandvik AB to Sandvik Finance B.V. will be available to shareholders as of 8 December 2000. The Board's proposal also covers the transfer of CTT Cutting Tool Technology B.V. from Sandvik AB to Sandvik Finance B.V. In total, these intra-Group transfers will mean that approximately SEK 9,450 million of retained earnings within the Sandvik Group will be credited to the Parent Company. The consolidated income statement and balance sheet will not be affected. Sandviken, 8 December 2000 Sandvik AB; (publ) Board of Directors For further information, contact Peter Larson, Executive Vice President, Sandvik AB Tel: +46 26 26 10 60. ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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Sandvik Group Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the Group had approximately 43,000 employees and sales of 91 billion SEK in more than 150 countries within continuing operations.