Sandvik comments statement by Securities Council

Today, in a message, the Swedish Securities Council issued a statement concerning Sandvik´s sale of shares in its subsidiary Edmeston AB to an adult daughter of the President of the subsidiary. The Securities Council believes that the sale is a way of circumventing Sweden’s so-called Leo regulations.

Sandvik has noted the statement of the Securities Council and will take it into account in its future acting.

Sandviken, 8 February 2008

Sandvik AB; (publ)