Atlas Copco initiates repurchase of own shares

Stockholm, Sweden, October 24, 2006: The Board of Atlas Copco AB has decided to use the mandate granted by the AGM 2006 and implement a program for the repurchase of shares on one or more occasion before the next AGM.

The mandate covers repurchase of series A or B-shares, or any combination thereof, on the Stockholm stock exchange to a maximum of 10 % of the total number of issued shares. Purchase of shares can only be made at a price per share that falls within the registered price range at each given time.

The purpose of the program is to continuously be able to adjust the capital structure of the company and thereby contribute to an increased shareholder value. Purchased shares are intended to be declared invalid on the proposal from the Board at a later General Meeting. Today Atlas Copco does not own any of its own shares.

Repurchases are subject to market conditions, regulatory restrictions and capital situation at any given time. Until the AGM 2007, repurchases of shares under the present mandate are limited to the 2005 non-restricted equity of Atlas Copco AB, less this year’s dividend, i.e. BSEK 6.8.

The number of outstanding shares issued is presently 419,7 million A-shares and 209,1 million B-shares for a total of 628,8 million shares.