Sandvik divests Eurotungstène S.A. in France

Sandvik divests Eurotungstène Poudres S.A. in France Sandvik has reached an agreement with Eramet S.A., France, covering the sale of Sandvik´s 49% holding in Eurotungstène Poudres S.A., France. As a result, Eramet, holding 51% of the shares in Eurotungstène Poudres S.A., will become the sole owner of the company. Eurotungstène Poudres S.A., with about 125 employees, is active in the production of cobalt- and tungsten-based powders primarily used in the diamond tools industry. Sandviken, 21 August 2003 Sandvik AB; (publ) For additional information please contact Anders Thelin, President of Sandvik Tooling Business Area, +46 26 26 63 84. Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys and resistance heating materials and process systems. The Group has 37,000 employees in 130 countries, with annual sales of approximately SEK 50,000 M. Eramet is an integrated mining and metallurgical group that produces nickel, manganese, high performance special steels and alloys and high performance parts for industry. Focusing on the development of high value-added materials, the group has global leadership positions in all its business lines. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/21/20030821BIT01630/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/21/20030821BIT01630/wkr0002.pdf

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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 sustainability. 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 industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about 100 billion SEK in more than 160 countries within continuing operations.

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