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Seco Tools develops and produces tools for metalwork.

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New Senior Vice President HR at Seco Tools

Per Norell, 52 years old, has been appointed Senior Vice President Group Human Resources and member of the Group Executive Management of Seco Tools effective April 1. Per Norell has been with the company since 1998 and is currently responsible for Global Strategic HR. Per has been responsible for developing and driving Seco’s Top Management Program as well as the Talent Program within the company. His background combined with excellent skills in driving persistence change, gives him the experience and knowledge to succeed in his new role.“Choosing Per was an easy decision, he knows our

Extraordinary General Meeting of Seco Tools AB

At today’s Extraordinary General Meeting of Seco Tools it was resolved that the Board shall consist of four members elected by the general meeting and to elect Andreas Evertz, Ola Salmén, Bo Severin and Anders Thelin as Board members. Andreas Evertz was elected Chairman of the Board. All Board members are part of the Group Executive Management of Sandvik AB. It was also resolved that the Board members will not be remunerated.   Fagersta, 17 February 2012Seco Tools Aktiebolag For further information, please contact:Lars Bergström, President, tel: +46 223-401 10or Patrik

Delisting of Seco Tools

NASDAQ OMX Stockholm has accepted Seco Tools AB’s application for delisting and decided that the last day of trading in Seco Tools’ class B shares on NASDAQ OMX Stockholm will be Friday, 2 March 2012. As previously announced, Sandvik AB has requested a squeeze-out of the Seco Tools shares that are not held by Sandvik (including subsidiaries). Fagersta, 6 February 2012Seco Tools Aktiebolag For further information, please contact:Lars Bergström, CEOTelephone: +46 (0) 223 401 10 Seco Tools Aktiebolag announces the information set out in this press release pursuant to the

SECO TOOLS AB Year-end report 2011 and interim report for the fourth quarter

Improved sales and higher earnings · Revenue for the quarter increased 19 per cent at fixed exchange rates and 17 per cent in SEK and amounted to SEK 1,850 M (1,577). · Operating profit for the fourth quarter rose 15 per cent to SEK 370 M (322), corresponding to an operating margin of 20.0 per cent (20.4). · Revenue for the full year increased 27 per cent at fixed exchange rates and amounted to SEK 7,043 M (5,858). · Operating profit totalled SEK 1,408 M (1,098), corresponding to an operating margin of 20.0 per cent (18.7). · Profit after tax for the full year was SEK 954 M

Extraordinary General Meeting of Seco Tools AB

Shareholders of Seco Tools Aktiebolag are convened to the Extraordinary General Meeting to be held on Friday, 17 February 2012, at 16:00 p.m. at Seco Tools, Björnbacksvägen 2, Fagersta, Sweden. RIGHT TO PARTICIPATION In order to be entitled to participate in the Meeting, shareholders must be recorded in the share register maintained by Euroclear Sweden AB not later than Saturday, 11 February 2012. Shareholders whose shares are registered in the name of a trustee must temporarily re-register the shares in their own name with Euroclear Sweden AB well in advance of Saturday, 11 February

Seco Tools applies for delisting and convenes an Extraordinary General Meeting

At the request of Sandvik Aktiebolag (“Sandvik”), the board of Seco Tools Aktiebolag (“Seco Tools”) has resolved to apply for delisting of the company’s class B share that is listed on NASDAQ OMX Stockholm (“NASDAQ OMX”). At the request of Sandvik, the board of Seco Tools has also resolved to convene an Extraordinary General Meeting to be held on 17 February 2012 for the purposes of electing a new board (see separate press release). Following Sandvik’s public offer to the shareholders of Seco Tools, Sandvik controls approximately 98.7% of the shares and 99.6% of the votes in Seco Tools.

New Senior Vice President - Group Sales and Marketing

Hans Hellgren, 48 years old, has been appointed Senior Vice President Group Sales & Marketing and member of the Group Executive Management of Seco Tools effective 1 April. Hans Hellgren, currently President of CA Östbergs, has a long and distinguished background in various parts of the Seco Tools Group.“I am pleased to announce that Hans Hellgren is returning to the Seco family. He is a highly valued leader and over the years he has proven his knowledge and understanding of our customers’ needs and challenges,” says Lars Bergström, President and CEO of Seco Tools. Hans Hellgren will

SVP HR Peter Damberg leaves Seco Tools

After five years as Senior Vice President HR, and member of the Group Management Team of Seco Tools, Peter Damberg has accepted to assume the position as Vice President Human Resources Sandvik Venture effective 16 April 2012. Peter Damberg will remain in his current position until end of March. “Peters main contribution has been to structure and globalize strategic HR, and by that securing strong leverage within fields such as Leadership, Talent, Succession, Performance management and Mobility. I would like to thank Peter for his excellent work, and wish him all the best in his new

Statement by the Board of Directors of Seco Tools in relation to the public offer by Sandvik

The Board of Directors of Seco Tools unanimously recommends the shareholders to accept the public offer by SandvikBackground This statement is made by the Board of Directors of Seco Tools AB (publ) (”Seco Tools” or the ”Company”) pursuant to section II.19 of the NASDAQ OMX Stockholm Takeover Rules. Seco Tools’ parent company, Sandvik AB (”Sandvik”), has today announced a public offer to the shareholders of Seco Tools to transfer all of their shares in Seco Tools to Sandvik (the ”Offer”). Sandvik offers 1.2 newly issued Sandvik shares for each Seco Tools share. The Offer values Seco

Interim report January – September 2011

Improved sales and higher earnings*  Revenue for the quarter increased 24 per cent at fixed exchange rates and 19 per cent in SEK amounting to SEK 1,696 M (1,426).*  Operating profit for the third quarter rose 21 per cent to SEK 297 M (245), corresponding to an operating margin of 17.5 per cent (17.2).*  The interim period’s profit after tax was SEK 718 M (522).*  Earnings per share for the interim period amounted to SEK 4.94 (3.59).*  Record-large product launches in conjunction with EMO trade fair in Germany, including the unveiling of the new milling tool Minimaster® Plus.

Nominating Committee for Annual General Meeting on 27 April 2012.

At Seco Tools´s Annual General Meeting on 3 May 2011, it was resolved that the company shall have a Nominating Committee consisting of the Board Chairman (who acts as convener) and one representative for each of the four principal shareholders. At the time of the formation of the Nominating Committee, the ownership conditions shall determine which shareholders are the principal shareholders based on the information received from Euroclear Sweden AB on the last banking day in August 2011. The composition of the Nominating Committee shall be made public as soon as the members have been

Interim report January – June 2011

Record earnings and substantially improved sales *  Revenue for the quarter increased 31 per cent at fixed exchange rates and 19 per cent in SEK to the record level of SEK 1,775 M (1,485).*  Operating profit for the second quarter rose 25 per cent to SEK 389 M (311), corresponding to an operating margin of 21.9 per cent (20.9).*  The interim period’s profit after tax was SEK 520 M (358).*  Earnings per share for the quarter were the highest ever posted and amounted to SEK 1.89 (1.46). Earnings per share were 3.57 (2.46) for the six-month period.*  Investments in emerging markets

Interim report, January – March, 2011

Record sales and substantially improved result* Revenue for the quarter was the highest ever posted by Seco Tools and amounted to SEK 1,721 M (1,370). * At fixed exchange rates, revenues increased 36 per cent and in SEK by 26 per cent. * Operating profit was SEK 352 M (220), corresponding to an operating margin of 20.5 per cent (16.1). * Launches of new products continued at a high rate. * Profit after tax was SEK 245 M (145). * Earnings per share for the three-month period were SEK 1.68 (1.00).  Comments from the CEO“Demand continued to improve in virtually all of Seco

Seco Tools appoints Anders Eller Head of Business Development and Mergers & Acquisitions

Seco Tools announced today that Anders Eller will join the company as Senior Vice President Business Development and Mergers & Acquisitions as well as member of the Group Executive Management. Anders currently holds the position as Investment Manager at Nordstjernan. He will join Seco Tools at 7 June. Anders Eller will in his position maintain two key responsibilities.Firstly, to drive and develop strategy across the group, furthermore to head acquisition projects ensuring proper integration in to Seco Tools. “Anders has a proven track record in Business Development and a

NEW SENIOR VICE PRESIDENT PROCESS AND IT AT SECO TOOLS GROUP

Fredrik Carpenhall has been appointed as Senior Vice President Process and IT and member of the Group Executive Management of Seco Tools Group and will take up his new duties on 7 May 2011. Fredrik Carpenhall is 44 and holds a masters’s degree in engineering from the Institute of Technology at Linköping University. Fredrik has longstanding experience from a number of management positions in ABB Group and has been active in both Sweden and Switzerland. He comes most recently from a post as Business IT Manager for the Low Voltage Products Division of ABB Sweden. Fagersta, 11 February

SECO TOOLS AB Year-end report 2010 and interim report for the fourth quarter

* Revenue for the fourth quarter rose by 35 per cent at fixed exchange rates, and by 28 per cent in SEK, and amounted to SEK 1,577 M (1,231). Operating profit was SEK 322 M (121), equal to an operating margin of 20.4 per cent (9.8). * Revenue for the full year increased by 27 per cent at fixed exchange rates to SEK 5,858 M (4,889). Operating profit was SEK 1,098 M (307), equal to an operating margin of 18.7 per cent (6.3). * Profit after tax for the full year was SEK 742 M (161). Earnings per share for the full year were SEK 5.10 (1.11). * Strong cash flow from operating activities

The nominating committee of Seco Tools AB’s proposal to the board ahead of the 2011 Annual General Meeting

The nominating committee of Seco Tools AB proposes re-election of Annika Bäremo, Stefan Erneholm, Staffan Jufors, Peter Larson, Carl-Erik Ridderstråle and Anders Ilstam and election of new board members Alrik Danielson and Lars Bergström. As Board Chairman, the nominating committee proposes re-election of Anders Ilstam. Jan-Erik Forsgren and Kai Wärn have declined re-election. Alrik Danielson, born in 1962, holds a master’s degree in economics. He is President and CEO of Höganäs AB and a member of the boards of the Swedish Steel Producers' Association, EFG European Furniture Group AB and

SECO TOOLS MAKES ACQUISITIONS IN THE USA

Seco Tools has signed an agreement to acquire the American companies NC Industries (NCI) and Diamond Tool Coating (DTC). NCI is a producer of solid carbide end mills under the Niagara Cutters and Arch Micro Tools brands and is among the largest local producers in the USA of these products. DTC is a producer of wear resistant diamond coatings. Most of the customers are found in the aircraft and power generation industries, as well as the general engineering industry. NCI and DTC have combined annual sales of around USD 37 million and 170 employees. The largest production unit is

LARS BERGSTRÖM NEW PRESIDENT AND CEO OF SECO TOOLS AB

Lars Bergström has been appointed new President and CEO of Seco Tools AB. He will take up his new position in the first quarter of 2011.  Lars Bergström, 52 years old, holds a Master of Science in Engineering from the Royal Institute of Technology in Stockholm and an MBA from Uppsala University. Lars has a long experience from the Swedish engineering industry, and today holds the position as President and CEO of listed BE Group AB. Lars was previously for instance President and CEO of Karoline Machine Tools (KMT) and held several leading positions within the ABB Group.  Fagersta, 8

Seco Tools Interim report January – September 2010

Interim report for the nine months ended 30 September 2010  * Revenue for the third quarter rose by 32 per cent at fixed exchange rates, and by 27 per cent in Swedish kronor (SEK), to SEK 1,426 M (1,126). * Higher sales and better capacity utilisation led to strong growth in operating profit. * Operating profit for the quarter was SEK 245 M (51), equal to an operating margin of 17.2 per cent (4.5). * Profit after tax for the nine-month period was SEK 522 M (83). * Earnings per share for the nine-month period were SEK 3.59 (0.57). * Acquisition of AOB in France completed.

Nominating Committee for Annual General Meeting on 3 May, 2011.

At Seco Tools´s Annual General Meeting on 4 May 2010, it was resolved that the company shall have a Nominating Committee consisting of the Board Chairman (who acts as convener) and one representative for each of the four principal shareholders. At the time of the formation of the Nominating Committee, the ownership conditions shall determine which shareholders are the principal shareholders based on the information received from Euroclear Sweden AB on the last banking day in August 2010. The composition of the Nominating Committee shall be made public as soon as the members have been

Kai Wärn to leave Seco Tools

After six years as President and CEO of Seco Tools, Kai Wärn has accepted to assume the position as partner at IK Investment Partners. Kai Wärn will remain in his current position until end of the year.“Kai has implemented major changes and investments in the company and built a solid platform for a continued growth of the business. He has also managed the company through the financial crisis 2009 without making any losses. We wish him all the best in his future challenges”, says the Chairman of the Board Anders Ilstam.The Board of Directors will begin the work to find his successor

Seco Tools Interim report January – June 2010

· Revenue for the second quarter rose by 32 per cent at fixed exchange rates, and by 26 per cent in Swedish kronor (SEK), to SEK 1,485 M (1,180). · Operating profit for the quarter was SEK 311 M (40), equal to an operating margin of 20.9 per cent (3.4). · Higher sales and better capacity utilisation led to strong growth in operating profit. · Profit after tax for the six-month period was SEK 358 M (68). · Earnings per share for the six-month period were SEK 2.46 (0.47). · Acquisition of French company specialised in diamond tools, among other things for the aircraft industry.

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