Sandvik holds approximately 98.7% of the shares and 99.6% of the votes in Seco Tools and extends the acceptance period

This press release may not be published or distributed, directly or indirectly, to or within jurisdictions where the publication or the distribution would not comply with laws and regulations in such jurisdictions, including the United States, Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. The Offer is not being made to (and acceptances will not be accepted from) persons in or from jurisdictions where the announcement of the Offer or approval of acceptances of the Offer would require further documentation, filings or other measures in addition to those required by Swedish law. This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.

Please click on the following link to see the full press release:

http://info.sandvik.com/en/?p=220

Sandviken, 16 January 2012

Sandvik Aktiebolag (publ)

Sandvik AB discloses the information in this press release pursuant to the Swedish Securities Market Act (SFS 2007:528) and NASDAQ OMX Stockholm’s Rules concerning Takeover Bids on the Stock Market.

The information was submitted for publication at 08:30 CET on 16 January 2012.

For further information, please contact Jan Lissåker, Vice President Investor Relations, Sandvik AB +46 26 26 10 23.

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